April 9

Aavishkaar Raises $130 Million for First Close of Latest Fund

By Swaraj Singh Dhanjal

Aavishkaar Capital has raised more than 1,000 crore ($130 million) for the first close of its latest impact investment fund, its sixth India focused fund and eighth overall, senior executives said.

Investments in Aavishkaar India Fund VI, the biggest fund to be raised by the group to date, have been led by British International Investment (formerly CDC Group Plc), Swiss Investment Fund for Emerging Markets, Fund of Funds for Startups Managed by Small Industries Development Bank of India and Self Reliant India Fund. The fund will invest mainly in medium and small businesses with technology as a key enabler in sustainable agritech, financial inclusion and essential services focusing on climate tech to build commercially attractive and impactful companies.

Source: Mint (link opens in a new window)

Finance, Investing
financial inclusion, impact investing