VC fund (Cat I) · SEBI registry
NEEV FUND
Growth (Series C+) · Climate & Clean energy · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Climate & Clean energy
- City
- Mumbai
- HQ / office
- Lower Parel, Mumbai, Maharashtra
- Fund registered
- 2014
- Investments on record
- 10
- Corpus (as reported)
- Neev II corpus ~Rs 1,000 crore / ~USD 120 million (2021)
- Website
- sbiventures.co.in
- Profile ↗
About
NEEV FUND (Neev Fund I, Cat I AIF Reg. IN/AIF1/14-15/0114) is an impact-oriented SME private-equity fund managed by SBI Ventures Limited (formerly SBICAP Ventures), conceptualized in 2015 as an India-UK climate/development initiative; the manager also runs the larger Neev II Fund backed by SBI, SIDBI, EIB, JICA and FCDO.
Investment focus
Growth-stage SME private equity in climate / clean energy, renewable energy, sustainable agriculture & cold chain, healthcare, education, water and waste management; targets underdeveloped Indian states
SEBI registration
SEBI AIF Category I — reported as “Cat I”
- IN/AIF1/14-15/0114
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Neev Fund
Yes — on official SIDBI FFS supported-AIF list (Neev Fund)
Notable portfolio
United Sustainable Energy India; SunSource Energy; Milk Mantra Dairy; Blue Planet Environmental Solutions; GPS Renewables; Chakr Innovation; Punjab Renewable Energy Systems; RETAS Enviro Solutions
Team & organisation
Trust-based AIF managed by SBI Ventures Ltd (formerly SBICAP Ventures), wholly owned SBI subsidiary; multi-fund: Neev Fund I (Category I, IN/AIF1/14-15/0114) and SVL SME Fund / Neev II
Connect through iHub India
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Frequently asked
- What does NEEV FUND invest in?
- Growth-stage SME private equity in climate / clean energy, renewable energy, sustainable agriculture & cold chain, healthcare, education, water and waste management; targets underdeveloped Indian states
- How do I pitch NEEV FUND through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ PE / SME growth-equity fund (impact/climate), not early-stage startup VC; dedicated firm site neevfund.com is currently not resolving — using manager SBI Ventures' live official site
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://sbiventures.co.in; https://sbiventures.co.in/funds-managed/neev-fund-i/