India, July 9 -- HT Syndication

Mumbai (Maharashtra) [India], July 9: Neev II Fund (managed by SBI Ventures Limited - a State Bank of India group company), a leading climate and sustainability focused SME fund, announced its investment into RETAS Enviro Solutions Private Limited ("Retas"). RETAS, is a climate-tech company, founded in 2017 by Neeraj Chauhan, Ankit Magan and Priyank Jain. RETAS specializes in modular rainwater harvesting and disaster-resilient infrastructure solutions addressing urban flooding and water scarcity challenges, with a patented product called Rainmaxx tanks. Through its strong design expertise and execution capability, RETAS has become a leading company in this sector.

Water scarcity is a commonly acknowledged...