India, Oct. 8 -- NABVENTURES, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD), has announced the first close of its second fund at Rs.450 Cr.

The firm, which invests in early to growth stage agritech startups, is targeting a corpus of Rs.1,500 Cr for the fund. This also includes a greenshoe option.

India's apex agriculture focused financial institution NABARD is the anchor investor in the fund

The investment arm intends to double down on early and growth stage startups using tech to address challenges across the agricultural value chain and rural markets. The fund will invest across sectors including agritech, food and agribusiness, rural fintech, climate smart solutions, supply chain and log...