India’s private space industry is poised for a major boost as the Indian National Space Promotion and Authorisation Centre (IN-SPACe) and SIDBI Venture Capital Ltd (SVCL) have partnered to launch a ₹1,000 crore venture capital fund dedicated to nurturing innovation and entrepreneurship in the country’s growing space ecosystem. The agreement, signed in Ahmedabad, marks the official rollout of the fund’s investment operations following approval from the Securities and Exchange Board of India (SEBI) on October 31.
The initiative represents one of the largest institutional efforts yet to empower private space startups, giving them access to crucial early-stage and growth-stage capital. The fund aims to support companies developing next-generation satellite systems, launch technologies, in-space services, and advanced communication platforms—key areas driving India’s emergence as a space innovation hub.
“This dedicated fund will give young companies the capital and confidence to innovate boldly,” said Arup Kumar, MD and CEO of SVCL. He noted that SVCL remains committed to backing deep-tech and frontier technology ventures, with space emerging as one of the most strategic and promising areas for India’s long-term growth.
Lochan Sehra, Joint Secretary at IN-SPACe, described the initiative as “a major enabler for India’s private space sector,” emphasizing that the financial support would help startups test their ideas, develop indigenous technologies, and scale effectively.
The collaboration between IN-SPACe and SVCL reflects a growing recognition of the private sector’s role in advancing India’s space capabilities. By coupling regulatory facilitation with financial backing, the government aims to create a fertile environment for innovation and self-reliance. The fund also aligns with India’s broader goal of becoming a global player in space technology, complementing the successes of ISRO and expanding the nation’s participation in the global space economy.
With IN-SPACe steering policy and coordination, and SIDBI providing the financial engine, this partnership marks a significant milestone in India’s journey toward a vibrant, competitive, and self-sustaining private space ecosystem.
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