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Exclusive: Neev Fund makes second bet on cold chain logistics services firm

Private equity firm Neev Fund, which is backed by India's largest lender State Bank of India, has struck its second deal this year in a cold chain logistics service provider, a person familiar with the development told VCCircle. Neev Fund, which was launched in 2015, is focused on investing in infrastructure sectors such as renewable energy, road, agricultural supply chain (warehouses and cold storages), urban infrastructure (water and sanitation as well as waste management), healthcare and education. UK Government’s Department for International Development also backs the private equity firm, which is registered with the Securities Exchange Board of India (SEBI),...

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State Bank of India is engaged in providing banking and financial services. It offers personal banking, agricultural, non-resident indian (NRI) services, international banking, automated teller machine (ATM) and corporate banking services. The firm also operates in capital markets, fund management, factoring and commercial services, credit cards and brokerage services. The company was founded in 1806 and is based in Mumbai, Maharashtra. State Bank of India operates as a subsidiary of the Government of India.


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