NABVENTURES closes ₹450 crore for new agritech fund
NABVENTURES, the venture capital arm of India's NABARD, has secured ₹450 crore (about $54 million) in the first round of its second fund. The total target for the fund is ₹1,500 crore, including an option to go higher. The focus stays on early- and growth-stage startups using technology for agriculture, climate, and financial inclusion in rural India. NABARD anchors the fund, which builds on an existing portfolio of 23 agri-focused startups.
- First close at ₹450 crore, aiming for ₹1,500 crore total
- Targets early and growth-stage agritech and rural startups
- Includes tech for agriculture, climate, and fintech
- NABARD is the main backer and fund anchor
- Agritech funding has dropped sharply year-over-year
Sources covering this
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