IN-SPACe Space Sector Venture Capital Fund

A Rs 1,000 crore government venture capital fund for the space sector, approved by India's Union Cabinet on 24-25 October 2024 and operated under the aegis of IN-SPACe (the regulator/promoter of private space activity, headquartered in Ahmedabad). It is designed to provide growth and late-growth equity to Indian space-sector startups, addressing the funding gap and supporting the goal of expanding India's space economy from about $8.4 billion to $44 billion by 2033. The fund plans cheques of Rs 10-60 crore and aims to back roughly 40 startups over a five-year deployment period.

investorINspace_investorgovernment_fundsovereign_fundgrowth_stageinspace.gov.in

Launches

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Payloads in Orbit

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Active Sats (reported)

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Funding Raised

Products & Services

Rs 1,000 crore Space Sector Venture Capital Fund

planned

fund vehicle (equity)

Equity fund with indicative cheques of Rs 10-30 crore (growth stage) and Rs 30-60 crore (late growth), targeting ~40 startups with average deployment of Rs 150-250 crore per year over up to five years.

IN-SPACe Technology Adoption Fund / Seed Fund Scheme

operational

grant scheme

Seed-stage support scheme operationalised in 2024 providing grants (reported up to about Rs 1 crore) to eligible space-sector startups, distinct from the equity VC fund.

Since 2024

Key Challenges

Deploying government capital efficiently into a nascent private space marketBridging the gap between early-stage grants and the larger growth-stage equity chequesStanding up fund operations and selecting ~40 startups over the five-year deployment window

Roadmap

✓

Union Cabinet approval of the Rs 1,000 crore space-sector VC fund2024-10-24

completed

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Deploy ~Rs 150-250 crore per year across ~40 startups over a five-year period

planned

Event Timeline (0 events)

No events recorded.