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CCI Business Bulletin 11/05/2019-17/05/2019
CCI Business Bulletin 11/05/2019-17/05/2019

Nabard announces USD 99.5 million VC fund for agri, rural startups
National Bank for Agriculture and Rural Development (NABARD) has announced a USD 99.5 million venture capital fund for equity investments in agriculture and rural-focused startups. Fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of USD 71.1 million with an option to retain over-subscriptions of USD 28.4 million, called as the greenshoe option.

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