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SBI Ventures is an alternative asset manager promoted by the State Bank of India.

Nov 26, 02:17 PM IST 1 min read

SBI Ventures aims to raise Rs 2,000 crore for its third climate-focused fund to invest in early and growth-stage startups, particularly in climate technologies and AI innovations, targeting a launch in the first quarter of next year. CEO Prem Prabhakar emphasized India's potential as a hub for climate innovation while highlighting the urgent need for diverse financing models to meet climate goals.

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