Ladies and gents! Happy to announce that NABVENTURES Fund has invested in TraceX Technologies, a blockchain powered agritech platform that enhances supply chain traceability and transparency. Congratulations to Anil Nadig, Srivatsa Sreenivasarao and team! Increasing consumer awareness regarding safe food products, growing demand for healthy and ethically sourced products, and focus on transparency are some of the reasons behind the rise of supply chain traceability in food, agriculture and other value chains. Apart from traceability, TraceX helps the farmers to boost productivity, improve market linkages and enhance the quality of their produce. For food brands, it helps them to conform to regulatory compliances, reduce losses due to wastage, better inventory management, and timely product recalls in case of contamination. No wonder their clients include MTR Foods Private Limited, Blue Tokai Coffee Roasters, SLAY Coffee and many others. A few verses to celebrate the occasion! Once or twice upon a time, Among the Indian food brands prime, There prevailed broken supply chains with data in silos, Opaque procurement practices in the food brands cosmos. As the millennials and consumers became more aware of foods of high grade, Of ethical sourcing, sustainability and Fairtrade, They looked at low quality products with a fair amount of disdain, And started demanding trust and traceability in supply chain. Now, spotting the need for traceability, the d2c as well as established consumer brands Are trying to secure the tech best placed to meet such demands Blockchain based SaaS makes life less complex An embodiment of such a solution is TraceX. The potential for launching Web3 services, Offers tantalising prospects for rapid growth in adjacent spaces. A few brands have opted for captive traceability solutions in some sense, But these may lack credibility on account of non-independence, A neutral, independent platform much like rating agencies, Is needed and that is why we have backed TraceX Technologies (NABVENTURES Fund, the best performing fund in Indian agritech, has so far invested in 9 startups: Jai Kisan, Unnati, TenderCuts - Farm Fresh Meats and Seafood, Vilcart, Eggoz Nutrition, Krishitantra, Satyukt Analytics, TraceX Technologies and Fraazo) https://lnkd.in/gzi8GmVg #blockchain #sustainability #agritech #d2c #brands #foodtech #founders #startups #traceability #foodsafety #Web3 #NFT #supplychain #agriculture #procurement NABARD - National Bank for Agriculture and Rural Development Ministry of Agriculture & Farmers Welfare, Government of India #vc #pe #food #fundingalert
NABVENTURES Fund
Venture Capital and Private Equity Principals
Mumbai, Maharashtra 2,765 followers
Investing in Agtech, foodtech, agri/rural fintech and rural healthtech/edutech
About us
NABVENTURES is a venture growth equity fund that invests in agtech, foodtech, agri/rural fintech and rural healthtech/edtech at early to mid-stage. We are focused on driving transformation in these industries by providing strategic and operational insights, patient capital and access to our extensive network. The Fund has invested in: 1. Jai Kisan - a category leading agri/rural fintech player 2. Unnati (Akshamaala Solutions) - A tech enabled platform for agri input and agri produce selling 3. Krishitantra - Rapid soil testing startup 4. Satyukt - An agri satellite data analytics company specialising in root zone soil measurement in near real time, measurment of water stress etc. 5. TenderCuts - An omnichannel (digital + offline) meat and seafood brand (India's no. 3 after Licious and Freshtohome)
- Website
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http://nabventures.in/
External link for NABVENTURES Fund
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 2-10 employees
- Headquarters
- Mumbai, Maharashtra
- Type
- Privately Held
- Founded
- 2018
Locations
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Primary
Bandra Kurla Complex Road
Plot C-24, G Block, BKC Road
Mumbai, Maharashtra 400051, IN
Employees at NABVENTURES Fund
Updates
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NABVENTURES Fund reposted this
#thankyou Inc42 Media India's fastest-growing D2C brand! #onwardsandupwards #indianbrand
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Our 7th investment in this calendar year! Congratulations to Lalit Menghani Madhusudan S. Prasad Ajinkya and Homeville Group (Bharat Housing Network) team. https://lnkd.in/duNduXfu Ankit Bhatnagar #startup #fintech #housing #rural
India: NABVENTURES Fund leads $15m funding in Bharat Housing Network
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NABVENTURES Fund reposted this
#FundingWithYS💰 #BharatHousingNetwork, has raised Rs 125 crore in Series A round led by NABVENTURES Fund, marking its seventh investment in #startups in 2023. Established in 2021, Bhart Housing Network is a co-lending platform that provides capital, #technology, and #infrastructure to housing #finance and non-banking finance companies for housing credit delivery at the grassroot level. #funding Rajesh Ranjan, CFA
Bharat Housing Network raises Rs 125 Cr in Series A led by NABVENTURES Fund
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