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We do not expect any returns from impact investing: Sunil Kant Munjal
Sunil Kant Munjal, the Hero Enterprises, has invested Rs 100 crore in impact investment in firm Aavishkaar's new fund, Aavishkaar Bharat Fund. The investment, made in Munjal's personal capacity, is part of the Rs 2,000-crore corpus that the social venture capital firm is targeting for its new investment vehicle.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- impact investing
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Aadhaar leads to greater financial inclusion, says survey
Better financial inclusion is being highlighted as the biggest benefit of the Aadhaar card, according to a survey.
- Categories
- Uncategorized
- Region
- South Asia
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India’s Note Ban Shrinks Microfinance Securitisation by 79% in Second Half of FY17
The impact of demonetisation on microfinance securitisation volumes has led to a slump of 79 per cent in the second half of FY17′. “The decline is to the tune of 79 per cent in the second half of the FY17′ at Rs 1,650 crore compared to Rs 8,000 crore in the six months of the previous year,” ICRA Head–Structured Finance, Vibhor Mittal told PTI.
- Categories
- Uncategorized
- Region
- South Asia
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It’s Amazon versus Alibaba versus Softbank in world’s fastest-growing e-commerce market
Recently published a piece headlined 'India’s e-commerce battle is not Indian anymore' that highlighted the battle between Amazon and China's Alibaba Group in the world's fastest-growing e-commerce market.
- Categories
- Technology
- Region
- South Asia
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IntelleGrow in talks to raise $100m via debt, equity in next few months
With its eyes set on doubling its assets under management to Rs 640 crore ($99 million) this year, venture debt firm IntelleGrow is in talks with investors to raise $100 million through debt and equity.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- ESG, impact investing
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India: Hero Enterprises to invest $15.5m in Aavishkaar Bharat Fund
Hero Enterprises today announced a Rs 100 crore ($15.5 million) investment in impact investor Aavishkaar’s new fund, the Aavishkaar Bharat Fund. Aavishkaar Bharat Fund is the investor’s sixth fund, and is a SEBI registered Category II Alternative Investment Fund. The firm is aiming to raise Rs 2,000 Crore ($310 million) for this fund, through which it will invest in businesses engaging with the underserved population in sectors.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- fintech
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India: Hero Enterprises to invest $15.5m in Aavishkaar Bharat Fund
Hero Enterprises today announced a Rs 100 crore ($15.5 million) investment in impact investor Aavishkaar’s new fund, the Aavishkaar Bharat Fund. Aavishkaar Bharat Fund is the investor’s sixth fund, and is a SEBI registered Category II Alternative Investment Fund.
- Categories
- Investing
- Region
- South Asia
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Grameen Foundation lndia appoints Prabhat Labh as CEO
Grameen Foundation India, an innovator in the use of digital technology to advance financial inclusion, has named Prabhat Labh as its new CEO. He succeeds Chandni Ohri who helped to launch the company and has served as CEO since 2011. An international development expert with more than two decades of experience in leading programs and initiatives across Asia, Africa and North America. Prabhat brings with him an indepth knowledge of financial inclusion.
- Categories
- Technology
- Region
- South Asia
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