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The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Small Industries Development Bank of India (SIDBI) on Monday signed the contribution agreement to operationalise the ₹1,000-crore Venture Capital Fund for the Indian space sector. This signing marks the formal beginning of the fund’s investment activities following its approval by the Securities and Exchange Board of India (SEBI) on October 31. The Union Cabinet approved the establishment of the ₹1,000 crore Venture Capital Fund for the Indian space sector in October 2024. In March, 2025, SIDBI was appointed as the fund manager, and the fund is designed to provide critical early-stage and growth capital to start-ups working across launch technologies, satellites, payload systems, in-space services, earth observation, communication platforms and downstream applications, enabling them to scale and contribute to national space capability. “This fund is a major enabler for India’s private space sector. It will support start-ups with the financial runway needed to test ideas, build indigenous technologies, and scale confidently. Today’s signing strengthens our commitment to building a vibrant ecosystem where innovation flourishes and Indian enterprises become global leaders in space technology,” Lochan Sehra, joint secretary, IN-SPACe, said.
