SBI Ventures plans to launch a new impact investment fund
In a significant move, SBI Ventures, a subsidiary firm of State Bank of India, has announced plans to launch a new investment vehicle under one of its social impact funds. The exact details of this new fund are still under wraps, with specifics about its focus and size yet to be revealed[1].
SBI Ventures, which operates under State Bank of India and manages alternative assets, has been actively involved in social and environmental impact investments. Through its NEEV Fund, the firm has supported projects in clean energy, agri supply chains, and social infrastructure[2]. One such investment was made by the NEEV II Fund in RETAS, a company focusing on resilient water infrastructure and climate resilience in India[2].
Meanwhile, another company previously backed by the Neev Fund, Milk Mantra, has found a buyer. The cost control measures implemented at Milk Mantra have resulted in the company returning to profitability[3]. Elsewhere, GPS Renewables, another company supported by the Neev Fund, has raised fresh capital from Japan's Sojitz[4].
As the launch modalities for the new investment vehicle are being worked out, the focus remains on SBI Ventures' commitment to social and environmental impact investments. The launch of this new vehicle is a testament to the company's ongoing efforts in this area.
[1] No new information about the launch of the new investment vehicle by SBI Ventures was provided in this paragraph. [2] The Neev Fund has invested in RETAS, a company that advances resilient water infrastructure in India. [3] The revenue of Milk Mantra remains flat. However, the cost control measures implemented at Milk Mantra have resulted in the company returning to profitability. [4] GPS Renewables, a company backed by the Neev Fund, has raised fresh capital from Japan's Sojitz. [5] No new information about the activities related to the new investment vehicle launch by SBI Ventures was provided in this paragraph. [6] SBI Ventures is a firm that manages alternative assets. [7] The new investment vehicle is being launched by SBI Ventures, which is backed by the country's largest public sector lender, State Bank of India. [8] The new investment vehicle is being launched under one of SBI Ventures' social impact funds. [9] Bain, Eight Roads, Aavishkaar, and Toddle are also mentioned in recent news. [10] No new information about the operations or management of SBI Ventures was provided in this paragraph. [11] The launch of the new investment vehicle by SBI Ventures is currently in the early stages.
The launch of the new investment vehicle by SBI Ventures, a subsidiary of State Bank of India, is being planned under one of its social impact funds, focusing on businesses and investing in areas of social and environmental impact. This move signifies SBI Ventures' continued commitment to these sectors, following their past investments through the NEEV Fund in companies like RETAS and GPS Renewables.
