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Proparco set for climate tie-ups with Indian VCs
Mint Mumbai
|February 08, 2024
French development agency Proparco is set to tie up with Indian venture capital funds to back climate technology projects and address inequality, Diane.
Jegam, its South Asia director, said in an interview. According to Jegam, initial agreements are expected to be signed within this year.
Proparco, which is operational in India since 2009, focuses on strengthening private sector capabilities across developing countries.
It is a subsidiary of AFD group, France's official development agency.
"We are in a country with so many unicorns, so much innovation and so many startups to tackle climate change," Jegam remarked, clarifying the initiative. The collaboration with a venture capital fund will be the company's first such partnership in India.
This story is from the February 08, 2024 edition of Mint Mumbai.
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