Aavishkaar plans to raise $300 million for South Asia fund
Monday, November 5, 2018
By M. Sriram
India’s biggest homegrown impact investor by size of investments, Aavishkaar Group, plans to raise $300 million for its South Asia-focused fund early next year to invest across financial services, agriculture, energy and health, said a senior executive.
The fund will be used for investments in Vietnam, Indonesia, Myanmar and Laos among others. “We are avoiding India and China, and looking more at smaller markets which have unutilized potential,” said Vineet Rai, managing partner and chief executive of Aavishkaar Venture Management Services. Aavishkaar is part of the Aavishkaar-Intellecap conglomerate, which also owns companies such as IntelleGrow, a non-banking financial company (NBFC) which lends to small and medium enterprises; Tribe, a fintech platform connecting lenders to small entrepreneurs; and Arohan, an east-India focused microfinance lender.
Photo courtesy of Peter Haden.
Source: Livemint (link opens in a new window)
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