NAB Ventures

Funds managed

Fund nameAsset ClassLicense
NAB Ventures Fund IPESEBI AIF Cat 2

About the AMC

  • Nabventures Limited is the Investment Manager to Nabventures Fund I, a fund focused on early to mid-stage start-ups in agriculture, agtech, food and rural businesses (including tech based rural healthcare, education, agri/rural fintech).
  • Nabventures Fund I has a target base corpus of INR 500 crore with a green-shoe option of additional INR 200 crore. NABARD is an anchor investor in NABVENTURES Fund I.
  • The Fund has announced its first close and is looking for suitable investment opportunities in agriculture, agtech, food and rural businesses (including tech based rural healthcare, education, agri/rural fintech).

Key staff

  • Rajesh Ranjan, CFA, CAIA is CEO at NABVENTURES Limited (Investment Manager to NABVENTURES Fund I). Experienced investor (private equity and early stage) with track record of profitable exits and senior investment banker (20 years of rich experience of both buy and sell side along with operations). Deep experience in private equity, early stage, incubation and M&A. Relationships with mid-market companies, business houses, investors, investment banks, legal and accounting teams
  • Ankit Bhatnagar holds PG in Securities Markets from NISM. Ankit was working with Thinq Ventures as an Investment Analyst. At Thinq Ventures, he focused on seed to early stage investments. § In the past, Ankit has worked with Canara Bank Securities and ICICI Bank.

Media

Title: NABARD announced a Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups, Source: The hindu business line, Date: 13 May 2019

https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://www.thehindubusinessline.com/economy/agri-business/nabventures-launches-maiden-fund-to-back-agri-food-and-rural-start-ups/article27116329.ece/amp/&ved=2ahUKEwjcs5fD4NTpAhXl73MBHSezDKEQFjAEegQIAxAB&usg=AOvVaw3B-WPqsXw7lIRMaYw8oU8A&ampcf=1

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 green shoe 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.

The statement said, the fund had its first close but details of the investments done by NABARAD and other limited partners, if any, were not immediately available.

The fund will have a high impact as it will provide a boost to investment ecosystem in the core areas of agriculture, food and improvement of rural livelihoods, NABARD chairman Harsh Kumar Bhanwala said.

Nabventures is now scouting for equity investments in asset-light, innovative, technology-led start-ups in its focus areas, the statement said.

https://www.google.co.in/url?sa=t&source=web&rct=j&url=https://m.economictimes.com/small-biz/startups/newsbuzz/nabventures-launches-maiden-fund-to-back-agri-food-and-rural-start-ups/amp_articleshow/69309022.cms&ved=2ahUKEwjcs5fD4NTpAhXl73MBHSezDKEQFjAJegQIBBAB&usg=AOvVaw1hNMXRBPaZUptGWyYyF_J_&ampcf=1

Analyst questions

  • Can you discuss about your investment philosophy?
  • According to you, if PE firms are investing in rural healthcare, education, agri /rural fintech sectors then what should be there focus?

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