With this investment, Dhruva Space’s ongoing pre-Series B round stands at ₹275 crore raised to date, comprising ₹150 crore in equity and ₹125 crore in debt financing.
Dhruva Space, a spacetech startup that offers complete engineering solutions, has bagged ₹60-crore funding from the Antariksh Venture Capital Fund (AVCF), India’s dedicated Space-Tech fund anchored by IN-SPACe and managed by SIDBI Venture Capital Limited. This is the maiden investment from the AVCF.Established with corpus of ₹1600 crore, the AVCF aims at providing institutional capital to space-tech start-ups at various stages of development, supporting the scaling of operations and the commercialisation of new technologies.With this investment, Dhruva Space’s ongoing pre-Series B round stands at ₹275 crore raised to date, comprising ₹150 crore in equity and ₹125 crore in debt financing.space leaders“Our first investment reflects strong belief that the next generation of space leaders will be built by companies that can integrate innovation, manufacturing, mission execution, and commercial deployment under one roof,” Arup Kumar, Managing Director & CEO, SIDBI Venture Capital Ltd, has said here in a statement on Monday.“”As demand for space-based solutions continues to grow globally, this capital will enable us to accelerate infrastructure development, scale manufacturing, and execute on our growing order book,” Chaitanya Dora Surapureddy, Co-Founder, Dhruva Space, said.“Dhruva Space currently has an order book of over ₹500 crore. The capital will support Dhruva Space’s next phase of growth, including expansion of its satellite manufacturing capabilities, development of Space infrastructure, advancement of critical technologies, and execution of customer programmes across domestic and international markets,” it said.The funding announcement was made at the 10th IN-SPACe Industry Connect held recently Ahmedabad.Published on July 13, 2026
