Venture Intelligence (TSJ Media Pvt. Ltd.)
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Aavishkaar raises $130-M in first close of Fund VI
Aavishkaar Capital has raised more than INR 1,000 crore (USD 130 million) for the first close of its latest impact investment fund, Aavishkaar India Fund VI. Investors in the fund include British International Investment (formerly CDC Group), Swiss Investment Fund for Emerging Markets, Fund of Funds for Startups Managed by Small Industries Development Bank of India and Self Reliant India Fund. In addition to development finance institutions, Aavishkaar has raised capital from family offices, high net worth individuals and institutional investors. 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. The firm is targeting a final close of $200 million
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.