MICROCAPITAL BRIEF: Aavishkaar to Raise $75m for “Frontier Fund” to Invest in South, Southeast Asia

Aavishkaar, an Indian manager of impact-oriented venture capital investments, reportedly plans to raise USD 75 million for its newly launched Aavishkaar Frontier Fund, an international social venture capital fund that aims to place investments in 300 start-ups in various countries in South Asia and Southeast Asia including Bangladesh, Indonesia, Myanmar, Pakistan and Sri Lanka. Aavishkaar plans to launch the fund by the end of 2014.

As of 2013, Aavishkaar has USD 155 million under management in its four funds: Aavishkaar I, Aavishkaar II, Aavishkaar Goodwell I and Aavishkaar Goodwell II.

By Tejas Jain, Research Associate

About Aavishkaar:

Aavishkaar is a for-profit, Indian venture capital investor in development projects in emerging economies in Asia. Aavishkaar’s investment portfolio includes approximately 45 businesses at various stages of development in areas such as agriculture, education, energy, financial inclusion, handicrafts, health, microfinance, sanitation and technology. As of 2013, Aavishkaar has USD 155 million under management in its four funds: Aavishkaar I, Aavishkaar II, Aavishkaar Goodwell I and Aavishkaar Goodwell II.

Sources and Additional Resources:

Business Standard, “Aavishkaar eyes to close $75-mn Frontier Fund by Q3 of 2014,”
http://www.business-standard.com/article/companies/aavishkar-eyes-to-close-75-mn-frontier-fund-by-q3-of-2014-114031900852_1.html

MicroCapital Article, October 21, 2013,”Aavishkaar Goodwell Invests $6m in Electronic Payment Services (EPS); 4,500 ATMs Planned for Rural India,”
https://www.microcapital.org/microcapital-brief-aavishkaar-goodwell-invests-6m-in-electronic-payment-services-eps-4500-atms-planned-for-rural-india/

MicroCapital Article, October 16, 2013, “Aavishkaar Goodwell, Asia Pragati Invest $3.4m in Swarna Pragati Housing Microfinance in India,”
https://www.microcapital.org/microcapital-brief-aavishkaar-goodwell-asia-pragati-invest-3-4m-in-swarna-pragati-housing-microfinance-in-india/

MicroCapital Article, March 14, 2013, “Grameen Koota of India Receives $9.8m in Equity from Incofin, Microventures, Aavishkaar Goodwell, Greation Investments; $4m in Debt Funding from Deutsche Bank Microfinance Fund,”
https://www.microcapital.org/microcapital-brief-grameen-koota-of-india-receives-9-8m-in-equity-from-incofin-microventures-aavishkaar-goodwell-creation-investments-4m-in-debt-funding-from-deutsche-bank-microfinance-fund/

MicroCapital Article, October 3, 2011, “Indian Microfinance Institution Utkarsh Raises $5m in Equity from Norwegian Microfinance Initiative, Aavishkaar Goodwell, International Finance Corporation,”
https://www.microcapital.org/microcapital-brief-indian-microfinance-institution-utkarsh-raises-5m-in-equity-from-norwegian-microfinance-initiative-aavishkaar-goodwell-international-financial-corporation/

MicroCapital Universe Profile: Aavishkaar,
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Aavishkaar+Goodwell+India+Microfinance+Development+Company+Ltd

Microfinance Information Exchange: Aavishkaar Goodwell,
http://www.mixmarket.org/funders/aavishkaar-goodwell

Aavishkaar Goodwell,
www.aavishkaargoodwell.com

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