Private Equity Fund News
Nabventures launch second VC fund with Rs.1,000-Cr corpus
Source The National Bank for Agriculture and Rural Development (opens in a new tab)Business Line (opens in a new tab)
The National Bank for Agriculture and Rural Development (Nabard) is planning to launch an INR 1,000 crore second fund for startups through its investment subsidiary, Nabventures. Nabard would contribute 40% of the total investment.Nabventures’ initial fund is fully invested across 19 companies. The new fund, anticipated to launch this financial year, will be rural-focused, covering agriculture and climate technology.