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Sidbi VC to manage Rs 1,000 cr fund for space sector
India's space regulator IN-SPACe has chosen Sidbi Venture Capital Limited to manage a Rs 1,000 crore fund aimed at supporting private companies in the space tech sector. The capital will be distributed over five years, starting with Rs 150 crore in 2025-26, increasing investment annually to foster growth and development in the industry.
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The fund will distribute its capital over a five-year period, beginning with Rs 150 crore in 2025-26, followed by Rs 250 crore annually for the next three years, and concluding with Rs 100 crore in 2029-30.
Investment sizes will range from Rs 10 crore to Rs 60 crore, depending on factors including the company's development stage, growth trajectory, and potential contribution to national space capabilities.
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