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 Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact 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
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Aavishkaar’s Bharat Fund attracts $15.5 million investment from India’s Hero Enterprises

Hero, a leading industrial business group in India, is investing $15.5 million in Aavishkaar’s sixth fund as part of its foray into startup investing.

“It is clear that for the entire country [of India] to develop, rural areas and underprivileged citizens must become part of the economic miracle, not through charity, but through real opportunities,” said Hero’s Sunil Kant Munjal.

Aavishkaar is looking to raise about $300 million for the fund, which was announced a year ago, to invest in agriculture, financial services, healthcare, sanitation, renewable energy and logistics for underserved populations.

Aavishkaar has made more than 50 total investments since 2002, and recently launched overseas funds focused on Asia and Africa.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit:

You might also like...