Aavishkaar-Intellecap raise $25m
Impact investment-focused Aavishkaar-Intellecap Group, one of SF's partners, recently announced an equity fund raise of $25 million led by Triodos Investment Management, the investment arm of European lender Triodos Bank and Shell Foundation.
Aavishkaar-Intellecap Group is a leader in Indian market building, helping to build the entrepreneurial ecosystem and investing in businesses that benefit the lives of low income populations. The Group has grand expansion plans, including early-stage funding to help social enterprises benefit 100 million people in India and East Africa over the next three years.
"The funds will allow us to expand our investment in India and also geographically expand to Africa and Southeast Asia, our target markets,” explained the group’s founder Vineet Rai.
SF Director Sam Parker appeared on CNBC to discuss the investment, alongside Vineet Rai and Marilou Van Golstein, Managing Director of Triodos Investment Management. You can see the discussion here