Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Aavishkaar wants to up the ante on South Asian impact



ImpactAlpha, November 5 – Aavishkaar wants to increase investment activity in Indonesia, Vietnam and Myanmar with its eighth fund. The India-based impact investor has a fundraising target of $300 million, DealStreetAsia reports.

“We are avoiding India and China [with the fund], and looking more at smaller markets which have un-utilized potential,” Aavishkaar’s Vineet Rai said. Indonesia, which Rai described as “the next hub of impact investing,” will be a key focus.   

Intellecap: Building businesses for the next three billion middle-class consumers

Aavishkaar already has multiple investments in Indonesia, including online handicraft marketplace Qlapa and seafood startup P.T. Bali Seafood. Aavishkaar made the investments via its $75 million Frontier Fund, which launched in 2015 to focus on high-impact businesses in South Asia. P.T. Bali Seafood was Aavishkaar’s first investment outside of India.

The investor has since launched an Africa-focused fund, which is looking to raise $150 million. It is also actively fundraising for its largest India-focused fund, the Aavishkaar Bharat fund. Aavishkaar reached a $95 million first close towards a $200 million goal for its Bharat fund last year.

You might also like...