NABARD announces Rs 700-crore venture capital fund for agri, rural startups
The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore

- May 13, 2019,
- Updated May 13, 2019 9:57 PM IST
The National Bank for Agriculture and Rural Development (NABARD) Monday announced a Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups.
NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own.
The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore, called as the greenshoe option, an official statement said.
NABARD has given an anchor commitment for the fund, which will be investing across startups engaged in agriculture, food and rural development space, it said.
From $797 million to $3.7 billion: The rise of B2B start-ups in India
The National Bank for Agriculture and Rural Development (NABARD) Monday announced a Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups.
NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own.
The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore with an option to retain over-subscriptions of Rs 200 crore, called as the greenshoe option, an official statement said.
NABARD has given an anchor commitment for the fund, which will be investing across startups engaged in agriculture, food and rural development space, it said.
From $797 million to $3.7 billion: The rise of B2B start-ups in India