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Nabventures launches maiden fund to back agri, food and rural start-ups

Press Trust of India  |  New Delhi 

Nabventures, a subsidiary of NABARD, Monday announced its maiden fund to back agriculture, and

The fund -- Fund I -- with a proposed corpus of Rs 500 crore has a greenshoe option of Rs 200 crore and has received an anchor commitment from NABARD, said in a release.

The (NABARD) is a development institution.

"The fund plans to raise the resources from a mix of domestic as well as global investors. The fund is registered with SEBI as a Category II Alternative Investment Fund," it said.

said the fund is expected to provide a big boost to the investment ecosystem in the core areas of agriculture, and improvement of rural livelihoods in

The impact potential of Fund I is very high, he added.

As per the release, has contributed to 16 other alternative investment funds with an overall capital commitment of Rs 273 crore so far.

Nabventures marks the foray of into of alternative investment funds with a clear focus on the agri-related ventures.

Nabventures is scouting for equity investments in asset-light, innovative, in its focus areas.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 16:31 IST
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