India's ₹188.93 crore Antariksh space fund backs first three startups

What's the deal? India's government-backed Antariksh Venture Capital Fund (AVCF) is operational and has selected three space-tech startups for investment, Union minister of state for science and technology Jitendra Singh told India's Parliament. The SEBI-registered Category II Alternative Investment Fund provides equity capital to emerging space-tech startups.

Why now? The fund received SEBI approval on October 31, 2025. Contributions from IN-SPACeDealroom has a profile for this one. Try Dealroom → under the Contribution Agreement stood at ₹188.93 crore as of July 24, 2026, with FY27 contributions reaching ₹182.87 crore.

What it means AVCF aims to provide equity capital at various stages of development, supporting technology development, commercialisation and the scaling of operations. The fund's impact on India's space economy will be assessed over time based on the performance of its portfolio startups.

Read more: The Hans India

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