Nabard’s food, agriculture and rural development-focused investment vehicle, Nabventures, has reached its first close and has a ceiling of nearly $100m.

Nabventures, the investment arm of the India-based National Bank for Agriculture and Rural Development (Nabard), is aiming to raise up to Rs 7bn ($99.4m) for a venture capital fund, The Hindu reported yesterday Indian government-owned development bank Nabard will anchor the fund, which has reached its first close. It is focusing on startups developing technologies…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.