Talwar Thakore & Associates (TT&A) and Xander Law Associates advised on Antariksh Venture Capital Fund’s ₹60 crore investment in Dhruva Space for a minority stake.
Antariksh Venture Capital Fund (AVCF), India’s first and largest dedicated space-tech investment fund anchored by IN-SPACe and managed by SIDBI Venture Capital Ltd., has invested ₹60 crore in Dhruva Space Private Limited.
The investment marks AVCF’s inaugural deployment and will support Dhruva Space’s continued expansion of its end-to-end space technology capabilities, including satellite platforms, launch integration, ground station infrastructure and mission services. The investment also forms part of Dhruva Space’s ongoing ₹275 crore Pre-Series B funding round, under which the company has raised ₹150 crore in equity and ₹125 crore in debt financing to date.
Talwar Thakore & Associates advised Antariksh Venture Capital Fund on its acquisition of a minority stake in Dhruva Space.
The team comprised Partners Deepa Christopher and Pratika Shankar, Associate Aanchal Kabra, and Company Secretary Ruchi Tripathi.
Xander Law Associates advised Dhruva Space on the investment from Antariksh Venture Capital Fund. The firm advised the company in connection with the transaction supporting the expansion of its end-to-end space technology capabilities.
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