SBI Ventures plans to launch Rs 2,000 crore climate-focussed fund in January-March
SBI Ventures, an alternative asset manager promoted by State Bank of India (SBI), intends to raise Rs 2,000 crore for its third climate-focused fund to invest in startups.
It will help unlock green growth, a new financial opportunity, SBI Ventures Managing Director and Chief Executive Officer Prem Prabhakar said while speaking at the second edition of the IVCA Green Returns Summit here.
Domestic and global investors will be roped in for the fund, and the roadshow will start early next year, he said.
