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India Conference at Harvard
Akshay Panth CIO, Neev Funds, participated in the insightful discussions on the panel “From Promise to Action: Climate Financing in India" conducted at the India Conference at Harvard. Steering the conversation towards India’s transition to a low-carbon economy, moderated by Ms. Swati Shah Gupta and including Ms. Ruchira Shukla, Head for South Asia, Disruptive Technologies—Direct Equity and VC Funds at IFC, the panel emphasized policies to encourage business investment using different strategies to balance climate adaptation and mitigation.
We had the pleasure of hosting colleagues from the European Investment Bank (EIB). Neev Fund participated in insightful discussions with Matthieu Ducorroy, Head of Private Equity Unit, and Irina-Maria Gaman, Private Equity Investment Officer, from EIB, deliberating the role of Neev Fund and the roadmap ahead on climate solutions.
Our collaboration underscores a joint commitment to fostering sustainable investment opportunities through strategic partnerships, and together, we aim to drive positive impact to contribute towards the nation’s Net Zero goals.
Anjana Seshadri, Vice President at Neev Funds, was a panelist on the “Workshop on Climate Technologies" at Sustainable Finance Working Group (3rd edition) G20 India held at Mahabalipuram,Tamilnadu,India.
The G20 India delegates shared their insights on policy measures and innovative financial instruments that catalyse the rapid development and deployment of green and low-carbon technologies. Reaffirming a climate solution mindset among all stakeholders, the group deliberated on unique techniques to scale up capital for early-stage climate technology.
Neev Funds recently hosted Mr. Vittorio Tabasso, Investment Officer (Private Equity) of the European Investment Bank, Global, at their Mumbai office. Deliberating on impact investments in the climate solutions sector for India, this discussion is poised to deliver thoughtful results while paving the roadmap for a sustainable future.
Neev fund was the Chief Patron to Prabhav 2022, a flagship event of the Impact Investors Council that saw attendance from 730 attendees from 15 countries and raised important dialogues on impact investing and climate finance.
The event saw several global development financial institutions participating. SVL was part of eminent keynotes and plenary sessions. The event helped create awareness on the need and requirement of development capital and helped position FCDO and Neev among the leading impact investors in India.
The thematic focus was on ecosystem building across thematics such as Blended Finance Investing, Capital for Impact, Climate Investing, Debt Impact Investment, Equity Impact Investment, Gender Lens Investing, Impact Enterprise Spotlight, and Impact Measurement and Management
SBICAP Ventures MD & CEO, Mr. Suresh Kozhikote delivered a Keynote address on Day 2 of Prabhav 2022
Neev Fund VP, Anjana Seshadri delivered a session on Building a Robust Capital Continuum to Mainstream Impact Investing in India
Neev Fund personnel, Ankit Agrawal delivered a session on The Road Ahead for Climate Investing: Experiences & Learnings from LPs
Media Coverage 2023
Media Coverage 2022
June 2022
- Neev Funds’ investee, PRESPL’s partnership with the Fund and its impact in a blog format
- Neev Funds’ investee, PRESPL, won the Earth Care Award in the category of Renewable Energy Best Company
- Neev Funds’ investee, Blue Planet, with UNICEF’s support has partnered with Citizens Association for Child Rights (CACR) to sensitize students towards plastic waste management through segregation at source and recycling. This pilot project known as Collective Drive Responsibility- Recycling has been initiated in the Borivali and Kurla branches as the first phase.
- Neev Funds’ investee, Blue Planet, with UNICEF’s support has partnered with Citizens Association for Child Rights (CACR) to sensitize students towards plastic waste management through segregation at source and recycling. This pilot project known as Collective Drive Responsibility- Recycling has been initiated in the Borivali and Kurla branches as the first phase.
- Neev Funds’ investee, Blue Planet, with UNICEF’s support has partnered with Citizens Association for Child Rights (CACR) to sensitize students towards plastic waste management through segregation at source and recycling. This pilot project known as Collective Drive Responsibility- Recycling has been initiated in the Borivali and Kurla branches as the first phase.
- Neev Funds’ investee, GPS Renewables’ Milind S Patke, President (Biofuels) participated in the ET Podcast (Morning Brief) as a panelist on the topic Will Ethanol sweeten India’s oil import bill: Is 20% mix the answer to unsustainable oil dependence?
- Neev Funds’ investee, PRESPL’s COO, Col Rohit Dev participated in a larger industry story on the Agnipath initiative and was quoted on hiring and future prospects of ex-servicemen.
- Neev Funds’ investee, Milk Mantra’s co-founder Rashima Misra, participated in a panel by Fortune India on Fundamentals, Innovation, Key to Moats in Businesses and highlighted the importance of human capital, stating that the time has come for the focus to shift from the economic moats to the non-economic moats.
- Neev Funds’ investee, GPS Renewables’ partnership with the Fund and its impact in a blog format
- Neev Funds ESG head, Anjana Seshadri held a session on ‘Mapping India’s Energy Policy 2022: Aligning Support and Revenues with a Net Zero Future’ . The same was recognised and reposted by the Council on Energy, Environment and Water (CEEW)
May 2022
- Neev Funds investee, Blue Planet espoused the valued of its Skill vertical – ensuring zero waste to landfills, upcycling waste, and the creation of a circular economy; this waste will then be upcycled into plastic benches and notebooks.
- Neev Fund I investee, PRESPL, signed an agreement with JSW Cement to use agricultural waste as biomass energy in its cement-manufacturing operations. According to the MoU (Memorandum of Understanding), Punjab Renewable Energy Systems PVt Ltd (PRESPL) will build a sustainable supply chain of agricultural waste to be utilized as biomass energy in the clinkerization and grinding process at the manufacturing units of JSW Cement.
- Neev Fund I investee, PRESPL’s COO, Col. Rohit Dev was awarded the C-Suite Award as the ‘Most Promising COO of the Year, Renewable Energy 2022’
- Neev Fund I investee, Milk Mantra was mentioned in the news as a part of coverage on dairy startups that have raised funding. The startups mentioned included Bengaluru-based Stellapps that raised an undisclosed amount from IDH FarmFit in February 2022, Milkbasket which was acquired by Reliance Industries last year, Gurugram-based Country Delight that raised $25 Mn in a Series C round led by Elevation Capital in 2020, Neev investee Milk Mantra raised $10 Mn in loan from US International Development Finance Corporation in 2020, among others.
- Neev Funds ESG head, Anjana Seshadri held a session on ‘Mapping India’s Energy Policy 2022: Aligning Support and Revenues with a Net Zero Future’.
- Neev Fund II investee, GPS Renewable’s Milind S Patke, President (Biofuels) wrote an article on biofuels that are fuelling India’s Atmanirbhar vision and reducing dependence on fossil fuels
- Neev Fund II investee, GPS Renewables, provided locally reliable source of power for the recently set up EV charging station at Haji Ali, Mumbai.
April 2022
- Neev Fund investee, Milk Mantra has built a technology stack both at the back and front end. Technology not just helps the company ensure transparency at the point of milk procurement and packaging, its D2C app, Daily Moo, is being used by consumers as well. Launched towards the end of 2020, Daily Moo has 10,000 subscribers in Bhubaneswar and Kolkata.
- SVL-SME Fund (Neev II Fund), the successor fund of Neev I, was launched in May 2021 and seeks to provide growth and capital expansion to SMEs offering solutions for clean energy, electric vehicles, efficient use of raw materials, and water and circular economy projects in the country.
- Neev Fund investee, Blue Planet announced the launch of a Collective Responsibility Drive in association with the Department of Education, Government of Delhi (South Delhi) under which the drive reach over 72 schools to encourage environment conscious waste management behaviours among students. The drive is expected to see participation from approximately 100,000 students.
- Neev Fund investee, Blue Planet announced the launch of a Collective Responsibility Drive in association with the Department of Education, Government of Delhi (South Delhi) under which the drive reach over 72 schools to encourage environment conscious waste management behaviours among students. The drive is expected to see participation from approximately 100,000 students.
- Neev Fund investee, Crystal Logistics got featured on the gobal supply chain report for the month of April’22
- IAN Fund investee, Zypp electric raised USD 1 Mn in debt funding from new and existing investors. The funds shall allow the company to deploy 1.5 lakh e-scooters by 2025
- Mumbai-based telehealth platform Truemeds raised $22 million in Series B funding led by private equity fund WestBridge Capital. The new round also saw participation from existing investors including InfoEdge Ventures, Asha Impact, and IAN Fund.
- Mumbai-based telehealth platform Truemeds raised $22 million in Series B funding led by private equity fund WestBridge Capital. The new round also saw participation from existing investors including InfoEdge Ventures, Asha Impact, and IAN Fund.
- Mumbai-based telehealth platform Truemeds raised $22 million in Series B funding led by private equity fund WestBridge Capital. The new round also saw participation from existing investors including InfoEdge Ventures, Asha Impact, and IAN Fund.
- Neev Fund investee, Rahi Care, started a new dialysis unit functioning at Sambalpur district headquarters hospital (DHH). The facility is being run by Rahi Care Dialysis Unit on public-private partnership (PPP) mode.
March 2022
- Neev Fund investee, Bioenergy Technology Startup GPS Renewables announced Funds raised From Neev Fund II
- Neev Fund investee, Chakr, was mentioned that it raised funds from Startup India-affiliated ‘ONGC Start-up Fund
- Neev Fund investee, PRESPL’s COO met with Ms Jodi Banks, Deputy Minister Trade & Export Development, Ms Richelle Bourgoin, Assistant Deputy Minister, International Trade, Canada with Mr Victor Lee, MD & Ms Shivanjali Sharma, Senior Trade & Investment Officer Saskatchewan India Office
- Neev Fund investee, Milk Mantra’s co-founder Rashima Misra was featured talking about how companies in Tier-II and III cities are looking to attract and retain talent.
- Neev Fund and its partners, Blue Planet Environmental Solutions and Zigma Global Environ Solutions Pvt. Ltd. hosted a WalkTheTalk session for Jenny Bates, Director General, Indo-Pacific, Foreign, Commonwealth and Development Office and Supriya Sahu, Addl Chief Secretary, Environment Climate Change & Forests, Govt of TN at their Greater Chennai Municipal Corporation site.
- Neev Funds is pleased to be a part of the Anchor VC panel for the ACT4GreenII cohort, led by British High Commission in India. By supporting 12 chosen start-ups to alleviate Climate Risks and strengthen Climate Action, Neev Fund aims to strengthen the bonds between UK and India.
- Ms. Anjana Seshadri, Head- ESG, Neev Fund, conducted a session on ESG Investing at the Alternative Investment Leaders Program (AIP).
- Akshay Panth, PIO, Neev Funds, discussed trends and insights gathered last year, to decide the roadmap for Impact investing going forward. This was hosted by the Impact Investors Council (IIC).
- Working towards promoting economic and social growth, the strategic partnership between SBICap Ventures and Japan International Cooperation Agency (JICA) was declared
Media Coverage 2021
December 2021
- Neev Fund I investee’s CSBO, Chandan Gosawmi, spoke at the Goa Renewable Energy Conference 2021. PRESPL is constructing the first briquetting plant in Goa.
- Neev Fund investee, IAN Fund, invested in healthcare start-up, Astrek Innovations. The start-up is focussed on rehabilitation and assistive robotics. It shall used the Rs 75 lakh fund raise for, accelerating the development of its products, establishing clinical trials, and enabling early market tests.
- Neev Fund investee, Blue Planet’s subsidiary, Xeon, deployed its waste to energy unit in Bokaro Steel Plant. The gas generated from the organic waste shall be utilised for cooking.
- Neev Fund investee, Blue Planet, interacted with Shri. Nilesh Cabral , Minister of Renewable & New Energy and Power, Govt. of Goa, at the Exhibition on Renewable Strength organized at GCA, Porvorim, Goa.
- Neev Fund I investee, PRESPL, announced its partnership with JK Cement. The partnership will contribute towards decarbonising the cement sector in India.
- Neev Fund investee, IAN Fund, invested in SaaS platform, Corner. The funds (Rs 50 lakhs) will be utilised towards expanding the Company’s core engineering and customer success teams and further enhancing its product features.
- Neev Fund II investee, Chakr Innovation, had a compressive blog post published on its impact towards curbing air pollution.
- Neev Fund II increased it’s target corpus to Rs 2,000 Crs. The Fund started off with a corpus of Rs 400 crore. When it approached the market for commitment, it got good traction from global investors. This led to scaling up of its corpus target.
- JICA (Japan’s International Cooperation Agency) announced its investment in Neev Fund II (SVL-SME Fund).It stated that the partnerhsip will support Indian SMEs engaged in solving social and environemental issued in India. Other investors in Neev Fund II include the European Investment Bank (EIB), Foreign, Commonwealth and Development Office (FCDO), Small Industries Development Bank of India (SIDBI), and the SBI Group.
- Neev Fund I investee, PRESPL, was mentioned in a comprehensive article on the growth of biomass sector in India. PRESPL’s COO, Rohit Dev, shared his views on the potential for export of biomass.
- Neev Fund I investee, Crystal Logistics was covered in the cold chain logistics market report by Credible Markets
November 2021
- Neev Fund investee, Leap India Food and Logistics Pvt Ltd, closed a debt financing round of Rs 104 crore from CDC, the UK’s development finance institution (DFI) and impact investor.
- Neev Fund investee, PRESPL, has proposed briquettes as a greener alternative to wood at the cremation grounds in Delhi.
- Neev Fund investee, BluePlanet won two silver & two platinum awards at the Pinnacle Group International 13th Annual Global CSR Summit & Awards in the following categories:
– Best Environmental Excellence Award – Platinum
– Product Excellence Award – Platinum
– CSR Leadership Award – Silver
– The Best Corporate Communication & Investor Relations Award – Silver - The Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey, inaugerated Neev Fund investee, Leap India’s 50kMT Agri-grain silo at Changsari in Assam’s Kamrup (Rural) district
- Neev Fund II invested in emission control device manufacutring company, Chakr Innovation. Chakr is an emission control device manufacturing company that mitigates pollution at source and captures harmful particulate matter emissions.
- Neev Fund investee, PRESPL (Punjab Renewable Energy Systems Pvt. Ltd.), was awarded the Most Sustainable Green Organization by World Sustainability (WORLD HRD Congress) Awards
- Neev Fund II investee, Chakr Innovation, had a compressive blog post published on its impact towards curbing air pollution.
- Neev Fund investee Blue Planet’s subsidiary QUBE Renewables spoke about its a recent project in Kenya, helping a local flower farm to generate biogas from its waste
- Neev Funds along with the FCDO team visited their partner co.GPS Renewables, a new-age organic waste management organization, site at Indore; along with the Municipal Commissioner & Smart City Solutions team at Ujjain.
July 2021
- Neev Fund investee, PRESPL, expanded its operations in the North Eastern states in India
- Neev Fund investee, IAN Fund, led a USD 3 Mn investment round in drone start-up Skylark, the company will utilise the funds to strengthen its product offerings and fuel international expansion
- Neev Fund investee, Milk Mantra targets INR 1,000 Crs revenues in the next five years
- Neev II CIO, Manav Bansal, was a panellist for a virtual thematic session on Mobilising Finance for Climate Action for the Asia Pacific at the Regional Climate Week
- Neev Fund investee, IAN Fund, led the INR 23 crs investment round in EdTech start-up Oliveboard. This funding will enable Oliveboard to expand its number of national-level courses and exams and to add state-level categories
- Neev Fund II mentioned as one of the funds that has been instrumental in securing funds from developed nations for the Indian start-up ecosystem
- The Neev Fund Covid-19 Special Action Stimulus fund played a key role in providing support to investee companies during the pandemic induced slowdown
- Neev Fund investee, Milk Mantra’s founder, Srikumar Misra, discussed the prospects for his business, demand and supply of milk amid the Covid pandemic on Bloomberg Markets
- Neev Fund investee, Blue Planet’s endeavours in establishing a sustainable waste management & up-cycling enterprise in Asia highlighted in a comprehensive article
- Neev Fund investee, IAN Fund, led the seed investment round in EdTech start-up L4o. The company shall utilise the funds to expand its geographic presence and add more vernaculars to its platform
- Neev Fund investee, Crystal Logistics, mentioned in the monthly Cold Chain Logistics Market report
- Neev Fund investee, Crystal’s, impact in the cold storage space was highlighted in a comprehensive blog post
June 2021
- Neev fund investee, PRESPL, to set up biomass project in Goa to turn agri waste into green fuel
- Neev Fund investee, PRESPL’s senior management, were panellists on the IREDA webinar on World Environment Day
- Neev Fund investee, IAN Fund, invested in Truemeds, a telemedicine platform. The total size of the Series A round was USD 5 mn; InfoEdge Ventures and Asha Impact also participated in the round
- Neev fund investee, PRESPL, collaborated on the development of the report on deployment of sustainable aviation fuels at scale in India
- IAN Fund investee, Nocca robotics, manufactured 2,700 ventilators in 50 days in order to provide support in the COVID-19 crisis
- Neev fund investee, Blue Planet’s subsidiary Zigma, aids in developing an old dumpsite in Noida into a park
- Neev Fund II mentioned as one of the leading global climate change funds to be launched recently by the EIB
- IAN Fund investee, Artivatic, launched the ALFRED AI HEALTH platform, as an end-to-end solution for health insurance claims
- Neev Fund CIO, Manav Bansal, was a panellist on the ET Energy Leadership Summit- Financing India’s decade of Energy Transition
- Neev fund investee, Crystal Logistics, mentioned in the monthly Global Cold Chain Logistics Market report
- Neev Fund investee, Leap India’s, impact in the grain storage space was highlighted in a comprehensive blog post
May 2021 SBI- EIB launch
- European Investment Bank partners SBI to invest in Neev Fund II
- SBI and EIB to pump Euro 100 Mn in SMEs focused on climate change, sustainability
- SBI, EIB to invest up to Euro 100 Mn in Indian SMEs focused on climate change, sustainability
- SBI, EIB to invest up to Euro 100 Mn in SMEs focused on climate change
- SBI, European Investment Bank to back 100 Mn Euro climate action initiative
- EIB, SBI tie up for Euro 100 Mn sustainability funding
- SBI, EIB to invest up to Euro 100 Mn in Indian SMEs focused on climate change
- SBI, EIB to invest up to Euro 100 Mn in Indian SMEs focused on climate change, sustainability
April 2021
- Neev Fund investee, Crystal Logistics got featured in the April 2021 Global 3PL- Cold Chain Logistics Market Report
- IAN Fun investee, Tagbox aided in contact tracing for technology that helps identify worker health using facial recognition
- Pune-based Startup Ahammune Biosciences raised Pre-Series A funding from Ideaspring Capital and IAN Fund. The fresh funds raised will be utilized for “first-in-human” studies with Ahammune’s new drug candidate AB1001 for vitiligo
- IAN Fund investee, Furtados School of Music, provides online music lessons to all age groups
- IAN Fund investee, Kochi-based Farmers Fresh Zone introduced a unit-level traceability feature called ‘Know Your Farmer’ as part of quality control, facilitating regular checks to ensure non-toxic and pesticide-free products
- Neev Fund investee, PRESPL announced use of specially designed hydraulic trolleys that are to be used for transportation of biomass/briquettes
- Sirona hygiene (feminine hygiene company), raises USD 3 Mn from NB Ventures and IAN Fund (Neev Fund investee); the company will use the money to strengthen its R&D portfolio
- IAN Fund investee, Nocca Robotics saw a 20-25 times jump in demand for Covid ventilators, sought Centre’s help to ease norms to procure components required for making the equipment
- Neev Fund investee,SunSource was amongst the top beneficiaries of the INR 61 Mn subsidy from SECI under the rooftop solar programme
- Electric vehicles emerge as the new and popular choice; with IAN Fund investee, Strom Motors’s e-car being the cheapest; costing between Rs 3-4.5 lakh
- Neev Fund CIO, Manav Bansal, was a panellist on the Indian Private Equity and Venture Capital Association Webinar moderated by Khaitan and Co,. on ‘How can businesses expand, sustain and grow with ESG’
- Neev fund investee, Blue Plant acquired two waste management firms in Singapore; Disaster Restoration Pte (acquired in April) and Wah & Hua (acquired in March)
- Neev fund investee, Blue Plant acquired leading waste management company, Disaster Restoration pte
March 2021
- TERI and Neev fund investee, Blue Planet Solutions sign joint development agreement for TEAM technology
- IAN Fund Investee Vernacular.ai’s AI voice assistant VIVA, which understands 16 languages and more than 160 dialects, is being implemented across banks in rural India
- Neev Fund Investee PRESPL conducted HSSE & ESG Training. PRESPL will look to participate in MSDE Skill India initiatives
- Neev Fund Investee Blue Planet announced flagship Singapore investment with the acquisition of leading waste player Wah & Hua
- Neev Fund Investee PRESPL marked its 10th Foundation Anniversary in the Biomass-based Bio Energy Sector
- IAN Fund Investee Zypp partnered with Rapido to launch electric bike taxi service Rapido EV
- IAN Fund Investee Get My Parking acquired EV startup Mobilytics for future of mobility
- IAN Fund Investee Furtados School of Music launched Learn Buddy to assist school teachers to create a video based environment and monitor their students’ progress through a master screen and help students improvise
- Neev Fund Investee Blue Planet’s Xeon organic waste processing unit is all about circular economy. It uses Energy Bin technology to promote the use of bio energy to reduce greenhouse gas emissions
- IAN Fund Investee Nocca Robotics developed and manufactured a scalable world class ventilators in 3 months. The book “The Ventilator Project” on how the ventilator was designed and built in IIT-Kanpur during lockdown was released
- Neev Fund Investee Milk Mantra’s Srikumar Misra was recognised as one of Grant Thornton’s ‘Faces of Vibrant Bharat’ in its inaugural edition, that acknowledges and applauds organisations which are at the forefront of change and building the foundation of India’s emergence as a vibrant economy
- IAN Fund Investee Strom Motors received bookings worth Rs 7.5Cr for its R3 model which is a three wheeled EV priced at 4.5 Lakhs
- Neev Fund Investee Milk Mantra was ranked the 2nd most innovative company of 2021 in Asia Pacific by Fast Company
- Neev Fund Investee Blue Planet’s partner Zigma Global has leveraged game changing eco friendly land mining techniques to clear over 12 acres of land under the Kumbakonam Dump yard Reclamation Project
- IAN Fund Investee Pandorum was mentioned in the news for being a biotech startup that is exploring uncommon grounds
- IAN Fund Investee COGOS announced that it will train and hire 500 women drivers in its EV fleet
- IAN Fund Investee WoodenStreet to invest $4-5 Million to expand warehousing capacity by five-fold to 50-lakh sq. ft across the country
- IAN Fund Investee COGOS to deploy 1000 EVs in its Logistics Fleet in partnership With Altigreen
- IAN Fund Investee Zypp Electric partners with Big Basket, Grofers and sets up 50 battery swapping stations
- Neev Fund Investee PRESPL interacted with Secretary of MNRE India and Joint Secretary Bio Mass wherein participants discussed about support and development of Bioenergy sector under the aegis of MNRE
- Neev Fund Investee Blue Planet announced flagship Singapore investment with the acquisition of leading waste player Wah & Hua
February 2021
- TERI and Neev fund investee, Blue Planet Solutions sign joint development agreement for TEAM technology
- TERI and Neev fund investee, Blue Planet Solutions sign joint development agreement for TEAM technology
- Digital automation platform Automatapi, raised INR 3 crs seed round lead by the Indian Angle Network
- IAN fund investee Vernacular AI to hire 100 people this year across various roles in operations and tech
- Neev fund investee SunSouce Energy, shall be developing a large portfolio of solar PV projects for Pepsi in Philippines
- British Politician, Alok Sharma visited Neev Fund investee SunSource’s solar panel insallations in the Inidan Habitat Centre and spoke about the leadership role PM Modi has played on issues related to climate change
- IAN fund investee Chakr innovation, got mentioned in news for developing the anti COVID chambers
- IAN fund investee Zypp electric got mentioned in the news for their contribution to the e-mobility space
- Neev fund investee Blue Planet featured in Impact Investors Council India’s, Impact Investment Trends report, for its commitment to adding value to the triple bottom lined
- IAN fund investee Chakr innovation, got mentioned in news for developing the anti COVID chambers
- IAN fund investee Zypp electric got mentioned in the news for their contribution to the e-mobility space
- Neev fund investee Milk Mantra’s founder Srikumar Misra spoke to Forbes on how Milk Mantra has become a premium brand in Odisha and its plans on expanding further
- IAN fund investee Nocca Robotics got mentioned in the news for their contributions to creating world class ventilators to combat the impacts of COVID-19
- Neev fund investee PRESPL hosted a visit for Science Congress students organised by the Punjab Government, at their rice straw briquetting plant in Punjab
- IAN fund investee, Furtados School of Music, announced their partnership with the Berklee College of Music and a scholarship worth $5000
- Neev fund investee Blue Planet featured in Impact Investors Council India’s, Impact Investment Trends report, for its commitment to adding value to the triple bottom lined
- Neev fund investee Milk Mantra’s founder Srikumar Misra spoke to Forbes on how Milk Mantra has become a premium brand in Odisha and its plans on expanding further
January 2021
- The Ministry of MSME had approved and issued the guidelines on Self-Reliant India (SRI) Fund on August 5. Following due process, SBI Cap Ventures has been selected as a fund manager or asset management committee.
- NITI Ayog mentioned Milk Mantra and their work on innovative packaging formats & dairy products. Article mentioned, they have introduced a network of Bulk Milk Coolers in the villages of Odisha with more than 35,000 dairy farmers benefiting from their services.
- Pluss Advanced Technology, has tied up with Crystal Logistic Cool Chain and several logistics players including Agility Logistics, DHL and Blue Dart, besides SpiceJet, to supply temperature-controlled boxes for Covid-19 vaccine transportation.
- SunSource Energy, will be developing a 4 MW grid-connected floating solar photovoltaic power project, along with 2 MW battery storage system in Andaman and Nicobar Islands. Once commissioned, it would be one of India’s largest floating plus storage projects in Andaman and would offset about 8,112 tonnes of CO2 annually by reducing the region’s reliance on diesel for electricity.
- WinPE recognised the Neev Fund for the gender diversity in the recent hiring at the fund.