IN THE MIDST of a precarious global investment scene, climate-tech venture capital (VC) managed to beat the odds and delivered a whopping $70.1 billion in investments in 2022, marking an impressive 89 per cent surge from the previous year, according to a report by HolonIQ, a global impact intelligence platform. Such investments are becoming popular in India, too. The country received as much as $6.2 billion in investments in 2022—$3.7 billion more than the $2.5 billion in the previous year, according to the report. Well, it’s no secret that most of these funds are directed towards big renewable energy infrastructure and storage projects, and mobility. But VC investment in pure-play early-stage climate-tech start-ups are still elusive—a mere whisper in the wind.
However, Mumbai-based VC Avaana Capital is a trailblazer in India’s fledgeling climate-tech start-up scene, with its focus on climate action and sustainability. Since its inception in 2018, Avaana Capital has backed more than 20 early-stage start-ups working in fields related to climate and sustainability. For instance, it has invested $3.5 million in FarMart, a software-as-a-service (SaaS)-led business-to-business (B2B) food supply platform; $1.5 million in Kota-based eekifoods that has developed a proprietary vegetable-growing technology to produce pesticide-free vegetables at mandi (wholesale) rates; led a $5-million round in Terra.do, a global platform for climate skilling and careers; and participated in multiple rounds of funding in Turno that enables commercial electric vehicle (EV) distribution and financing.
Denne historien er fra June 25, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 25, 2023-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky