Aavishkaar II, a venture fund created to promote development in rural and semi-urban India, has held its first closing at $70m.
With a final target fixed at US$120m, the fund has received support from Cisco and other institutional investors such as IFC, KFW, FMO and CDC.
Advised by Mumbai-based Aavishkaar Venture Management Services Pvt. Ltd., the vehicle invests in early-stage businesses operating in rural India, in agriculture, education, health and energy sectors.
FinSMEs
05/04/2012