What stage does Nabventures invest at?

Nabventures invests at the Seed, Series A, Growth stages.

What sectors does Nabventures focus on?

Nabventures focuses on AgTech, Crypto & Web3, Fintech, FoodTech, Impact & Social Good.

Where is Nabventures located?

Nabventures is headquartered in Mumbai, IN.

Nabventures

Venture capital

Mumbai · Seed–Growth · 18 people tracked

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Investment thesis

NABVENTURES manages the AgriSURE Fund for Start-ups & Rural Enterprises, established to back innovative, technology-driven, high-risk, high-impact ventures across the agriculture and rural startup ecosystem in India. The fund is sponsored by the Ministry of Agriculture and Farmers Welfare, Government of India, and NABARD, and is structured as a SEBI-registered close-ended Category II Alternative Investment Fund.

Invests inAgTech Crypto & Web3 Fintech FoodTech Impact & Social GoodIndiaMumbai

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Growth

Mumbai, IN

Instruments

Equity

Tracked investments

Team · 18 people

from the firm's website

Vikas Bhatt· Managing Director

Managing Director with over two decades in banking and financial services, having held roles across NABARD offices in project financing, rural infrastructure, and institutional development. Holds a Master's in Economics and a PGDM.

Ankit Bhatnagar· Vice President

Formerly an Investment Analyst at Thinq Ventures focused on seed to early-stage investing, with prior experience at Canara Bank Securities and ICICI Bank. Holds a PG in Securities Markets from NISM.

Ashish Km Choudhury· Chief Investment Officer

Joined NABVENTURES in 2024 with over 17 years at ICICI Group, including 15 years in PE/VC investing across BFSI/fintech, consumers, agri, healthcare and education. Holds a BE in Computer Science and an MBA from NMIMS Mumbai.

Shashwat S Goyal· Assistant Vice President

Joined NABVENTURES in 2025 with over five years in PE/VC focused on early-stage and growth investments, previously an Associate at First Bridge India Growth Fund and an auditor at EY. Chartered Accountant and CFA charterholder.

Surbhi Bhatia· Assistant Vice President

Akshit Agarwal· Associate

Joined NABVENTURES in 2025 with over four years in venture fundraising, transaction execution and strategy, previously at Deloitte, Aditya Birla Group and SalarySe. Chartered Accountant (AIR 3, AIR 30) and CFA.

Anmol Menon· Analyst

Joined NABVENTURES in 2025 with over three years in fundraising and deal advisory for early- and growth-stage startups, previously a Senior Associate at CreedCap Advisors and at Grant Thornton. Chartered Accountant with a B.Com.

Deepti Helgaonkar· CFO

CFO with over 19 years across NABARD departments including finance, HR, corporate planning and financial inclusion. Holds a B.Com and an MBA in Finance from Pune University.

Deepti Paliwal· Senior Executive

Compliance professional and Company Secretary with over 13 years in PE/VC specializing in SEBI (AIF) regulations and fund lifecycle governance, previously at ICICI Venture and Welspun One. Qualified Company Secretary with an LL.B. and B.Com.

Disha Shah· Associate

Has over seven years across VC, PE and investment banking, previously at a US-based fund of funds handling fund investments and co-investments across fintech, enterprise software, deep tech, climate and healthcare. Chartered Accountant and CFA charterholder.

Durga Gurav· Asst. Manager

Chartered Accountant with experience in transaction advisory, M&A tax and regulatory structuring, previously at Price Waterhouse & Co. and Transaction Square.

Mohammad Khalid· DGM

Over 15 years at NABARD across subsidiaries, strategic investment and funds departments, including AIF investments totaling more than USD 87 million. MBA in Finance from AMU.

Nandu J Naik· DGM

Banking and financial services professional with over three decades at NABARD, covering project financing, rural infrastructure and supervision of rural financial institutions. Holds a Master's in Finance from JBIMS Mumbai.

Nitya Balwani· Analyst

Joined the NABVENTURES investment team in 2026, a Chartered Accountant (AIR 34) and lawyer with transaction and SPA advisory experience across VC, PE and M&A, previously at Deloitte's Strategy, Risk and Transaction practice.

Parth Anand· Asst. Manager

Electrical engineering graduate with an MBA in Finance from IIM Jammu, previously in FP&A at PayNearby and forex treasury at Union Bank of India.

Sumeet Daharwal· Asst. Manager

Chartered Accountant and commerce graduate with 4.5 years of experience, including credit analysis at ICICI Bank and internal audit at FCI.

Sunita Salunkhe· Asst. Manager

Has 33 years of experience across NABARD departments including institutional development, farm sector and HR. Holds a B.Com from Mumbai University.

Tunu Sahu· Company Secretary

Company Secretary and Compliance Officer with over 15 years in corporate secretarial, legal and finance functions, previously at Reliance Communications and other firms. Holds law and science degrees and is an ICSI associate member.

What they invest in

from 12 of 21 portfolio companies

FoodTech ×5AgTech ×4Direct to Consumer ×4Logistics & Supply Chain ×3AI & Machine Learning ×2Consumer ×2E-commerce ×2Healthtech ×2

HQs:India×8

Investments · 21 tracked

founders shown can be your intro path

adva riskadvarisk.com

aquapulseaquapulse.co.inin 𝕏

Aquapulse develops artificial intelligence and expert systems to reduce post-harvest losses and improve efficiency in aquaculture operations.

AgTechAI & Machine Learning

arrow--up-right Visittracextech.comin 𝕏

TraceX is a blockchain-powered platform that enables food and agricultural supply chain traceability, helping businesses ensure sustainability compliance and transparency across global supply chains.

AgTechClimate TechEnterprise SoftwareSaaS

avis hospitalsavishospitals.com𝕏

Avis Hospitals operates a network of specialized medical centers across India that provide advanced vascular treatments for varicose veins and related circulatory conditions using minimally invasive, image-guided techniques.

HealthtechMedical Devices

beyong snackbeyondsnack.in

Beyond Snack makes Kerala banana chips (banana wafers) in flavors such as peri peri and desi masala, marketed as made from authentic Kerala bananas with no artificial ingredients.

ConsumerDirect to ConsumerFoodTech

Eggozeggoz.com

Eggoz produces and sells eggs in India, working directly with poultry farmers who raise hens on herbal, natural feed to deliver eggs with bright orange yolks.

AgTechDirect to ConsumerFoodTech

elmed probioticselmedprobiotics.comin 𝕏

Elmed Probiotics manufactures probiotic capsules using clinically proven strains in multiple formats (vegetarian, gelatin, and enteric-coated) designed for stable room-temperature storage and controlled delivery.

Advanced ManufacturingBiotechHealthtech

fambofambo.inin

Fambo is a tech-enabled food service distributor that supplies fresh produce, processed vegetables, and value-added ingredients to quick-service restaurants, specialty restaurants, cloud kitchens, and other food service businesses.

B2B MarketplacesFoodTechLogistics & Supply ChainDelhi, IN

hatti kaapihattikaapi.com

Hatti Kaapi sells specialty coffee products, including coffee powder and roasted beans, sourced from farms and roasted in small batches.

ConsumerDirect to ConsumerE-commerce

homevillehomevillegroup.com

just deliveriesjustdeliveries.co.inin

JustDeliveries operates a cold chain logistics and third-party logistics (3PL) service for the food and beverage industry in India, specializing in temperature-controlled transportation and storage of perishable goods.

FoodTechLogistics & Supply ChainMumbai, IN

kbcols scienceskbcolssciences.com

Kisaansaykisaansay.com

KisaanSay is an online store selling single-origin Indian food products such as rice, atta, ghee, oils, spices, and dry fruits, sourced directly from farmers and packed at their place of origin.

Direct to ConsumerE-commerceFoodTech

krishitantrakrishitantra.com

Navadhannavadhan.comin 𝕏

Tech-led finance platform with NBFC license for co-lending to underbanked MSMEs.

satyuktsatyukt.com

Satyukt provides field-level crop, soil, and weather advisories using satellite-derived data combined with machine learning, AI, and big data analytics.

AgTechAI & Machine LearningSpace Tech

tan90 thermaltan90thermal.comin

Tan90 manufactures advanced Phase Change Material (PCM) technology for passive temperature control in cold-chain logistics.

CleantechLogistics & Supply ChainNew Materials

Tarfinjai-kisan.comin 𝕏

unnatiunnati.ag

vilcartvilcart.in

zeus hygiazeushygia.com

Frequently asked questions

What stage does Nabventures invest at?: Nabventures invests at the Seed, Series A, Growth stages.
What sectors does Nabventures focus on?: Nabventures focuses on AgTech, Crypto & Web3, Fintech, FoodTech, Impact & Social Good.
Where is Nabventures located?: Nabventures is headquartered in Mumbai, IN.

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