Private Equity

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AWE Funds makes first close of $45-M maiden fund at $15-M

Business Standard  

Investment platform AWE Funds has secured commitment for USD 15 million for the first close of its maiden fund in India. AWE Funds is targeting an overal lfund corpus of USD 45 million with a green-shoe option of an additional USD 15 million. The fund will invest in scalable innovation primarily across climate and sustainability, food and agriculture, healthcare, and additionally in education and fintech sectors while promoting gender equity and climate action as a differentiated strategy to seek commercial returns for its investors. The fund claims to have attracted investment support from international and India-based institutional investors as well as high networth individual investors. The investors include Zia Mody (founder - AZB & Partners), Soumya Rajan (CEO - Waterfield Advisors), Padma Chandrasekaran (formerly Gates Foundation), Divya Sampath (formerly Microsoft), Ajay Prabhu (former COO - Quest Global), Ramakishnan Raman (founder - aXYKno Capital), Vikas Chaturvedi (founder - Valuecent), Sunil Srivastava (CEO - Ampera Life) and Simran Jindal (Executive Partner - IBM Consulting).