New Delhi, Apr 1 India's dedicated venture capital fund for the space sector has made steady progress, with investments in selected startups expected to begin from the first quarter of FY2027, Union Minister Jitendra Singh said on Wednesday.
In a written reply to the Lok Sabha, the minister stated that the Antariksh Venture Capital Fund has been made operational, with key institutional mechanisms now in place.
"The fund has been established by SIDBI Venture Capital Limited (SVCL) as the investment manager. [It] received registration from SEBI on October 31, 2025, and achieved its initial closing on November 10, 2025, with a committed corpus of Rs 1,005 crore," he said.
The minister highlighted that essential post-registration formalities, including appointment of a custodian, registration with depositories for issuance of alternative investment fund (AIF) units, and constitution of screening and investment committees, have been completed.
Singh also said that following detailed appraisal, third-party due diligence, and completion of documentation, the first round of funding approvals and disbursements is expected in early FY2027.
"This initiative marks a significant step towards strengthening private sector participation, encouraging innovation, and positioning India as a leading player in the global space economy," said the minister.