Aavishkaar-Intellecap Group Raises $25M from Triodos Investment Management and Shell Foundation
Friday, January 27, 2017
The Aavishkaar–Intellecap Group, a pioneer in impact investing and an instrumental entity of the impact investing ecosystem globally, today announced raising an equity round of $25 million led by Triodos Investment Management, the investment arm of European lender Triodos Bank, and Shell Foundation, an independent charity established by the Shell Group.
Triodos has invested $15 million while Shell has contributed $10 million of the total capital raised. The investment will be infused in the parent company and will enable the group to consolidate and expand its bouquet of ecosystem building initiatives/businesses across the globe.
On the capital raising, Vineet Rai, Founder, Aavishkaar –Intellecap Group says, “As the world chases ambitious Social Development Goals, Aavishkaar-Intellecap Group’s contribution as entrepreneurial ecosystem builders would be seminal in unleashing the entrepreneurial energy toward some of the core challenges around Employment, Health, and Energy & Financial Inclusion that the world desires to address.
We also believe that entrepreneurs and businesses may have substantial contribution to make in addressing complex challenges of poverty and hunger. We are excited with our partnership with Triodos Investments and Shell Foundation, who join us as equity holders and as trusted long term partners in our audacious journey of making impact by building businesses with the other 3 Billion.”