Antariksh Venture Capital Fund (AVCF) invests ₹60 Crore in Dhruva Space

Exam-focused facts from the 16 July 2026 current affairs briefing.

Key facts

The Antariksh Venture Capital Fund (AVCF) has made its maiden investment of ₹60 crore in Dhruva Space.
AVCF is India's dedicated space-tech fund anchored by IN-SPACe and managed by SIDBI Venture Capital Limited, with a corpus of ₹1,600 crore.
With this investment, Dhruva Space's ongoing pre-Series B round has raised ₹275 crore, comprising ₹150 crore in equity and ₹125 crore in debt financing.
Dhruva Space currently has an order book of over ₹500 crore.