The North East Venture Fund (NEVF) has invested INR 56 crores in 37 startups in the North Eastern region of India. The fund was set up by the Government of India in 2019 with a corpus of INR 100 crores.
The NEVF invests in early-stage startups in the North Eastern region that have the potential to create jobs and promote economic development. The fund has invested in a wide range of sectors, including agriculture, healthcare, education, and technology.
Some of the startups that have received funding from the NEVF include:
- Bizongo, a B2B marketplace for industrial supplies
- EzyFarm, an online platform for farmers to sell their produce
- HealthPlix, a healthcare startup that provides teleconsultation services
- Instoried, a content marketing platform for businesses
- NeoStem, a stem cell research company
The NEVF has been a major driver of innovation and entrepreneurship in the North Eastern region. The fund has helped to create hundreds of jobs and has generated millions of dollars in revenue. The NEVF is expected to continue to play a major role in the development of the North Eastern region in the years to come.
The investment by the NEVF is a major boost for the startup ecosystem in the North Eastern region. The fund has helped to attract investment from other sources and has created a more conducive environment for startups to grow. The NEVF is expected to play a major role in the development of the North Eastern region in the years to come.