India’s NABARD to set up $100 million venture capital fund

05/15/2019 6:22:00 AM (GMT)

India’s National Bank for Agriculture and Rural Development (NABARD) is setting up a venture capital fund with a total investment of 700 crore rupees ($100 million).

The new fund will be investing across startups engaged in agriculture, food and rural development space.

NABARD has given an anchor commitment for the fund. The vehicle will be raised under the company's newly incorporated venture arm, Nabventures.

More so, Nabventures is currently seeking equity commitments in asset-light, innovative, technology-led startups in its focus areas.

National Bank for Agriculture and Rural Development

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