TT&A advised Antariksh Venture Capital Fund (“AVCF”) on its acquisition of a minority stake in Dhruva Space Private Limited (“Dhruva Space”). Dhruva Space is a full-stack space engineering solutions provider operating across satellite, launch and ground segments. The AVCF transaction is part of the Dhruva Space’s ongoing Pre-Series B investment round, which stands at ₹275 crore raised to date, comprising ₹150 crore in equity and ₹125 crores in debt financing.

AVCF is India’s first and largest dedicated Space-Tech investment fund, anchored by IN-SPACe, Department of Space and managed by SIDBI Venture Capital Limited (SVCL). The transaction with Dhruva Space marked AVCF’s first investment in the fast-growing space sector and is aligned with the Government’s broader push to support financing of private companies operating in this sector.

TT&A Team: Deepa Christopher & Pratika Shankar – Partners; Aanchal Kabra – Associate; and Ruchi Tripathi – Company Secretary