SBI Ventures to Launch ₹2,000-Crore Climate Fund in Early 2025

Inside the announcement  
At the IVCA Green Returns Summit, SBI Ventures Managing Director and CEO Prem Prabhakar confirmed plans for the company’s third climate-focused fund. The initiative underscores India’s ambition to become a hub for climate innovation, particularly in areas such as cooling technologies, renewable energy, and resilience solutions. Roadshows to attract investors are expected to begin early next year. Analysts highlight that the fund will help bridge India’s climate financing gap while positioning SBI Ventures as a key player in sustainable investing.  

Notable updates  
• Fund size: ₹2,000 crore, to be launched in Jan–Mar 2025  
• Focus: Early and growth-stage climate startups, frontier technologies, AI-enabled innovations  
• Investor base: Mix of domestic and global participants  
• Strategic goal: Unlock green growth and support India’s climate innovation ecosystem  
• India positioned as a lab and launchpad for global climate solutions  

Major takeaway  
The upcoming fund signals SBI Ventures’ commitment to climate-focused investments, aligning with India’s sustainability goals. By channeling capital into innovative startups, the initiative aims to accelerate green growth and strengthen India’s role in global climate innovation.  

Sources: The Hindu BusinessLine, Deccan Chronicle, Rediff Money, Economic Times CFO, The Hindu