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
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka announced that the state will set up a…
Mumbai headquartered Organic Recycling Systems Limited (ORSL) has announced a strategic business development and service…
Battery recycler PeakAmp has announced to have partnered with Stefen Electric to ensure responsible handling…
At the Paryavaran Niti Manthan held in New Delhi, the Material Recycling Association of India…
The Central Electricity Regulatory Commission (CERC) has notified the 2026 regulations for the trading of…
NTPC Green Energy Limited, a subsidiary of NTPC Limited, has issued a domestic competitive tender…