Business & Investment

Nabard has a 2.5x return on the first exit of a venture capital fund

At the first exit of the venture capital fund Nabventures Fund-I, Nabald made 2.5 times more revenue through direct investment in the consumer brand Fraazo.

Nabventures invested in VnF Ideas Private Limited (Fraazo) just three months ago. Note that online fruit and vegetable sellers have raised US $ 11 million in a round led by Nabventures.

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Apart from providing capital, Nabventures facilitated access to the company’s FPO (Farmer Producer Organization) network and helped accelerate procurement from farm gates, the statement said.

Nabventures has invested Rs 9.4 billion in six startups since its inception a year ago, and three startups (Jai Kisan, Unnati, Fraazo) have received an additional investment of 3-5 times the fund’s entry valuation. increase.

The fourth startup, Tender Cuts, is in the process of launching the next round, he said.

Apart from Navard, LIC, Union Bank of India and Sidobi donated to this fund. All of this fund will raise a qualifying corpus of 700 rupees.

According to the statement, Nabventures is one of India’s best performing VC funds with an estimated IRR (Internal Rate of Return) of 400%.

“Fraazo has long been the first good exit in the agtech space for agtech VC funds. The team’s efforts have been very successful as almost all portfolio companies have raised or are in the process of raising the next. Rajesh Ranjan, Chief Executive Officer of Nabventures, rounds 3-5 times the entry rating.



Nabard has a 2.5x return on the first exit of a venture capital fund

https://www.zeebiz.com/companies/news-nabard-makes-25x-return-in-first-exit-for-its-venture-capital-fund-167853 Nabard has a 2.5x return on the first exit of a venture capital fund

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