Aavishkaar Capital
Description
Founded in 2001, Aavishkaar Capital is one of the leading venture capital firms who have transformed the approach of investing in early growth stages start-ups in India and other neighbouring geographies like Emerging Asia and Sub-Saharan Africa. With an active investment approach, Aavishkaar Capital not only aims to provide financial assistance to its invested companies but also provide guidance on various aspects such as strategy, governance, operational processes and human resources.
In addition to equity invention through its seven funds since its inception, the firm also extends credit through its eight fund- ESG First Fund. ESG First Fund is a $250 million fund which was formed with a partnership with KFW. The fund primarily focuses on the capital needs of ‘resilient and thriving businesses’ across the Global South. Apart from its funds, Aavishkaar Capital now manages close to a billion dollars in assets under management.
In terms of ticket size, Aavishkaar Capital invests typically in the range of $5 million to $25 million. The firm is well known for its focus on early and growth-stage startups (Series A and beyond) that aim to create a positive impact on society. While investing, the firm maintains a steadfast focus on its three core sectors: Financial Inclusion, Food & Agriculture, and Essential Services. By strategically selecting these sectors, the firm aligns its investments with UN Sustainable Development Goals, contributing to positive social and environmental results.
Some of the notable companies in the portfolio include Vortex, Sindabad, Nepra, Newtrace, Fabelio, EPS, Agro Star, and Connect India with more than 20 exits with companies like Waterlife, Zameen and Paywell among many others.