Avaana Capital raises $135m for India's climate and sustainability fund, surpassing target.

Avaana Capital has closed its Avaana Climate and Sustainability Fund at $135 million, exceeding its $120 million target. The fund will invest in early-stage startups in India focusing on energy management, supply chains, and sustainable agriculture—sectors responsible for 90% of the country's carbon emissions. Supported by major institutional investors, Avaana aims to bolster climate innovation and assist India in achieving its net-zero goals.

October 23, 2024
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