NABVENTURES marks ₹450 Cr first close of fund
By Abha Lohia ·
- NABVENTURES is the venture arm of NABARD and manages funds that back agriculture and rural startups
- It has announced the first close of a new fund at ₹450 crore
- The fund is targeting a total size of ₹1,500 crore
What happened
- The fund reached a first close of ₹450 crore.
- The full target is ₹1,500 crore.
Why it matters
- It adds fresh money for rural and agri startups.
The business
- NABVENTURES is a subsidiary of NABARD that manages alternative investment funds.
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
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