Arup Claims to Become First Engineering Firm Approved to Verify Green Bonds in Asia Pacific
Avaana Capital, a climate-focused venture capital firm, has raised $70 million for the first close of its Avaana Climate and Sustainability Fund.
The Mumbai-based firm is targeting a total corpus of $100-125 million for the fund, which will focus its investments in three sectors: energy transition & resource management, mobility & supply chains, and sustainable agriculture & food systems.
The fund has attracted institutional investors, including Small Industries Development Bank of India (SIDBI), Self Reliant India (SRI) Fund, the UK India Development Cooperation Fund (UKIDCF), and corporates such as Godrej Group, Murugappa, Torrent, Tsadik, and Bellerive Capital, among others.
Led by Anjali Bansal, Swapna Gupta, and Shruti Srivastava, Avaana Climate and Sustainability Fund will also invest in tech-driven and innovative climate solutions. Its notable portfolio investments include Eeki Foods, Aerem, Kazam, sentra.world, FarMart, Eggoz, Ninety One 91, Turno and Terra.do.
As per Avaana, capital from the new climate fund has been deployed into five startups already, with one deal yet to be disclosed.
By arrangement with Entrackr
India has committed to reaching net-zero emissions by 2070, and aviation, one of the fastest-growing…
Every winter for the past several years, Punjab's government has pointed to one number: farm…
Delhi's winter pollution problem has a new answer: a plan that doesn't need to be…
IFAT India 2026 concluded at the Bombay Exhibition Centre in Mumbai after bringing together 20,118…
Indian cement company UltraTech Cement Limited has enabled its integrated cement manufacturing unit, Kukurdih Cement…
Following the Government of India's recent indication that the country's Sustainable Aviation Fuel (SAF) mandate…