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Nabventures closes first tranche of Rs 450 crore for its second fund, targeting Rs 1,500 crore corpus to invest in agritech and rural startups.
Amount Raised
₹4.5 Billion
Round Type
Venture
IndiaAgriculture and FarmingInvestors
Description
Nabventures, the venture capital arm of NABARD, has announced the first close of its second fund at Rs 450 crore. The fund is targeting a total corpus of Rs 1,500 crore, including a greenshoe option, with NABARD as anchor investor. The fund will invest in early- to growth-stage startups across agriculture, agritech, and rural development. Focus areas include agritech, food and agribusiness, rural fintech, climate-smart solutions, and rural transformation businesses.
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Nabventures raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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