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IN-SPACe Appoints SVCL as Fund Manager for ₹1000 Crore Venture Capital in Space Sector.

Economy Business | Dated: 27 Mar 2025

In March 2025, Ahmedabad (Gujarat)-based Indian National Space Promotion and Authorization Center (IN-SPACE), under the Department of Space (DOS) of the Government of India (GoI), appointed Mumbai (Maharashtra)-based SIDBI Venture Capital Limited (SVCL), a wholly owned subsidiary of the Small Industries Development Bank of India (SIDBI), as the fund manager for a ₹1,000 crore venture capital (VC) fund aimed at promoting India's space sector.

🎯 Key Highlights:

- The fund primarily focuses on early-stage investments, with plans to support businesses in satellite technology, propulsion systems, and ground station infrastructure.
- The fund will be deployed over a period of five years, with ₹150 crore allocated in Financial Year 2025-26 (FY26), followed by ₹250 crore in each of the next three financial years, and ₹100 crore in FY30.

💡 Other Important Facts:

(i) Companies at various stages of growth can access funding, with ₹10 crore to ₹30 crore available for growth-stage startups and ₹30 crore to ₹60 crore for late-stage startups.
(ii) The ₹1,000 crore fund aims to accelerate the growth of the Indian space economy, which is expected to rise from ₹8.4 billion in 2022 to ₹44 billion by 2033, while also increasing India's share in the global space economy to 8-10% by 2040.

📚 Test Your Knowledge:

Recently, IN-SPACE appointed SVCL as the fund manager for a venture capital (VC) fund worth how much?

Correct Answer: ₹1000 Crore

🚀 Quick Recap:

About IN-SPACe

Chairman : Dr. Pawan Kumar Goenka
Headquarter : Bopal, Ahmedabad