Sidbi VC to manage Rs 1,000 cr fund for space sector

BENGALURU: India's space regulator and promoter, IN-SPACe announced Friday that Sidbi Venture Capital Limited has been selected to manage the Rs 1,000 crore fund dedicated to supporting private companies in India's space technology sector.

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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