Neev Fund II raises Rs.1,000-Cr

Launched in May 2021, SBICAPS Ventures promoted Neev Fund II has raised around INR 1,000 crore of the targeted INR 2,000 crore corpus. The climate and sustainability-focused fund has attracted commitments from European Investment Bank (EIB), Japan's International Cooperation Agency (JICA), Foreign, Commonwealth and Development Office (FCDO); Small Industries Development Bank of India (SIDBI), SRI Fund and the State Bank of India.