Impact investor Acumen to launch India-dedicated fund
Global impact investor Acumen is planning to launch an India-dedicated fund, as the investor looks to double down on its most significant geography, said a senior executive of the firm.
“We are going to become more and more focused on India. We have been focused on investing India, but we will get much deeper in connecting with the right set of people who can further the opportunities for our companies. So we will look at corporate partnerships and raising funds in India,” said Ajit Mahadevan, India director at Acumen.
So far, Acumen has raised all of its capital in the US.
“We have got a good track record of 27 firms. We have got a bunch of success stories. So we will raise an India fund. We will start working on it this fiscal,” Mahadevan added.