NABARD-backed NABVENTURES raises Rs 450 Cr for second fund
NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has achieved the first close of its second fund, securing Rs 450 crore in initial commitments.
Via YourStory
The fund has a target corpus of Rs 1,500 crore, including a green-shoe option to accommodate additional investments. NABARD is the anchor investor in the fund, which will back early- to growth-stage technology startups focused on agriculture and rural development.
Established on April 23, 2018, as a wholly owned subsidiary of NABARD, NABVENTURES manages investments through its flagship Fund I and the specialised AgriSURE fund. The firm has invested in 23 companies across India's agritech and rural startup ecosystem. Its…
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