Sadhav Offshore Secures Rs 25 Cr In Equity Round Led By Negen Capital

Sadhav Offshore, a maritime services company in India, has raised Rs 25 crore in an equity round led by the Negen Undiscovered Value Fund with support from family offices and high-net-worth individuals.

The proceeds will be used to build a floating dry dock—a special facility that lifts ships out of the water for repairs and maintenance.

Read also- SatLeo Labs Secures $3.3 Mn In Pre-seed Round Merak Ventures

About Sadhav Offshore

Founded in 1992, Sadhav Offshore offers engineering services for the upstream oil & gas sector, shipbuilding, dry docks, slipways, ship repairs, and represents original equipment manufacturers (OEMs).

Sadhav Offshore currently services many types of vessels, including over 70% of the Indian Coast Guard’s FPV fleet on the east coast. 

It runs a repair facility at Paradip Port and has worked with global clients like Svitzer-Maersk. The company also partners with Kongsberg Maritime for servicing propulsion systems.

This new dry dock supports India's broader maritime goals under Sagarmala and Maritime India Vision 2030. 

It aims to reduce reliance on foreign repair yards by offering faster, local repair options for both commercial and defence ships—helping cut delays and boost efficiency.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.