Neev Fund

Neev Fund is the outcome of a partnership between State Bank of India and UK’s Department for International Development (DFID). Neev fund is an Infrastructure private equity fund focused on creating sustainable development. Neev Fund has been established as a contributory trust in 2014, by its settlor (i.e. SBICAP Ventures Limited) and its trustee (i.e. SBICAP Trustee Company Limited) (“Trustee”). The Fund is registered with the Securities and Exchange Board of India (“SEBI”) as a Category I Alternative Investment Fund – Infrastructure Fund (“Category I Infra AIF”) under the provisions of the SEBI (Alternative Investment Fund) Regulations, 2012 (“AIF Regulations”) The sponsor and investment manager of the Fund is SBICAP Ventures Limited (“Client” or “Investment Manager”).

Ambalika Banerji

CEO

8 past transactions

GPS Renewables

Series B in 2022
Green Power seeks to solve the urban waste problem by utilising local technologies and business models. In India, 25% of the 75,000 tonnes of biodegradable waste produced comes from mass kitchens in tier I cities. This market, which is estimated at USD 3 bn, is the market that Green Power Systems focuses on. Green Power Systems has developed a waste-to-energy reactor called BioUrja (pending patent), a highly compact design producing 7 kg worth of LPG for every 100 kg bio-waste. Green Power Systems have also developed a GPS shredder, designed specifically for wet waste and GPS dewatering systems, separating solids from mixtures.

Chakr Innovation

Series B in 2021
Chakr Innovation is a company formed by graduates from IIT Delhi who have developed a solution to control the polluting emissions from diesel generators. The device can capture ~90% of particulate matter being emitted from diesel generators which have been verified by IIT Delhi and labs accredited by IS/ISO/IEC and NABL. The product is also GreenPro rated by CII-IGBC. The company has been recognized and given grants by Department of Science and Technology (DST), Government of India and Federation of Indian Chambers of Commerce & Industry (FICCI) and were also awarded and recognized as the most innovative hardware company by American Society Of Mechanical Engineers (ASME) and are one of the winners chosen by University of Chicago for a grant by Delhi Government. The co-founders, Kushagra and Arpit, have also been chosen as Forbes Global30 under 30 as well as Echoing Green Fellows. We have been working with some of the leading companies in India like Hindustan Petroleum, Indian Oil, Tata Group, Titan, JSA Law, American Tower Corporation, MTNL, BSNL, IIT Delhi, and DS group who have adopted this technology. Chakr Innovation is funded by some of the VCs and corporations in India.

Leap India (Logistics)

Series B in 2020
Leap India Food Logistics is an agricultural warehousing and logistics company.
Punjab Renewable Energy Systems offers bio-energy services that include biomass assessment and technical consultation, pellet production and supply chain management, industrial boiler operations and maintenance, and agriculture waste to bio-CNG conversion services.

RAHI Care

Seed Round in 2018
RAHI Care is a Health Care company.

SunSource Energy

Venture Round in 2018
SunSource Energy provides distributed energy solutions for commercial and industrial customers in India with a presence across South-East Asia. SunSource develops, engineers, procures, constructs, and operates solar power projects to help institutional, industrial, commercial and non-profit sector energy users utilize solar energy more intelligently and efficiently while reducing their cost of energy. SunSource Energy was established on January 1, 2010 by Kushagra Nandan in Noida, Uttar Pradesh.

Crystal Logistic Cool Chain

Private Equity Round in 2017
CRYSTAL LOGISTIC COOL CHAIN LTD IS A COMPLETE LOGISTICS AND SUPPLY CHAIN SERVICE PROVIDER. CRYSTAL IS ONE OF THE LARGEST AND FASTEST GROWING SERVICE PROVIDERS IN THE INTEGRATED COLD CHAIN LOGISTICS SOLUTION SPACE. CRYSTAL PROVIDES SERVICES SUCH AS REFRIGERATED WAREHOUSING (COLD STORAGES), REFRIGERATED TRANSPORTATION ON A PAN-INDIA NETWORK. ALWAYS ON THE CUSP OF INNOVATION, CRYSTAL ALSO PROVIDES SOLUTIONS SUCH AS EXPRESS REFRIGERATED TRANSPORTATION FOR LTL (LESS THAN TRUCK LOAD) CONSIGNMENTS AND PORTABLE COLD STORAGES. CRYSTAL BOASTS TO BE THE ONLY COMPANY IN THE COUNTRY TO PROVIDE COMPLETE RANGE OF SERVICES WITH SUCH WIDE GAMUT OF SOLUTIONS IN THE COLD CHAIN LOGISTICS INDUSTRY. CRYSTAL TRACES ITS ORIGIN BACK IN 1962, PROMOTED BY MR. MURARI LAL AGARWAL BEGAN OPERATIONS UNDER THE NAME M/S HARAYANA TRANSPORT COMPANY. THE COMPANY, PRIMARILY A TRANSPORT SERVICE PROVIDER UNDER THE ABLE LEADERSHIP ACHIEVED GREAT SUCCESS AND BUILT ITS REPUTATION IN THE MARKET. BACKED BY ITS IMPECCABLE SERVICE AND QUALITY NORMS THE COMPANY WAS SUCCESSFUL DEALING WITH THE LARGEST NAMES IN THE INDUSTRY SUCH AS PHILIPS, SIEMENS, BPL, LG, COAL INDIA, AND ONGC AMONG MANY OTHERS. THE COMPANY HAS EXPONENTIALLY GROWN SINCE THEN AND BEGAN ITS COLD CHAIN OPERATIONS IN 2001 AND HAS BEEN ONE OF THE LARGEST AND FASTEST GROWING PLAYER EVER SINCE.

Milk Mantra

Series D in 2017
Milk Mantra is a startup that procures, packages, sells and delivers milk and other dairy products. Milk Mantra works directly with farmers, tests and processes the milk, and then sells it through more than 10,000 mom-and-pop stores in several cities in Odisha, said Misra.
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