Mauritius-based Minerva Venture Fund has acquired a strategic stake in National E-Repository Ltd (NeRL), India's leading digital repository for electronic warehouse receipts, according to a statement.
NeRL plays a pivotal role in India's rapidly digitizing agri-fintech and commodity financing ecosystem.
By transforming the traditional paper-based warehouse receipt system into a secure, electronic format, NeRL enables transparent, efficient, and real-time access to financing for farmers, traders, financial institutions, and commodity market participants.
"We see NeRL as a core digital utility, uniquely positioned to benefit from India's policy reforms, increasing financial formalization, and rapid technology adoption in the agri and commodity sectors," a spokesperson for Minerva Venture Fund said without disclosing financial details.
Minerva Venture Fund's investment reflects its long-term confidence in India's emerging digital infrastructure platforms that are redefining the country's BFSI and exchange ecosystem, the official added.
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