Latest News | Minerva Venture Fund Acquires Strategic Stake in National E-Repository

Mumbai, June 17 (PTI) 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.

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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.

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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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)