NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has announced the successful first close of NABVENTURES Fund II, securing commitments of ₹450 crore. Building on the strong track record of its earlier funds, which have collectively backed 23 innovative enterprises, the Fund is targeting a total corpus of ₹1,500 crore, including a green-shoe option.
A media statement said NABVENTURES Fund II will invest across high-potential early- to growth-stage companies in sectors such as agri tech, food and agribusiness, rural fintech, climate-smart solutions, supply chain and logistics, and other innovations driving rural transformation.
In addition to providing growth capital, the Fund will leverage NABARD’s extensive nationwide presence and sectoral expertise to help portfolio companies scale their impact and contribute meaningfully to India’s agricultural and rural development journey.
