New Ventures Says It Helped 3 Green Startups Raise $4 Million - VC Circle

New Ventures India, an organisation that helps cleantech businesses raise venture capital, has facilitated three deals in the space worth Rs 16.49 crore ($4.1 million) in debt as well as equity. New Ventures is a joint initiative of CII-Sohrabji Godrej Green Business Centre and World Resource Institute, Washington DC, supported by USAID. The organisation said in a release it has helped three green entrepreneurs - Conserve HRP, HMX Sumaya and ABT Bio products - raise capital.
In 2006, NVI received a total of 56 Business Plans from green entrepreneurs across the country. After scrutiny, it selected 10 companies, who were invited to present their business plans at the Investor Forum 2006. Out of these, three companies were shortlisted for investments. Here's the rest of the story.