The Aavishkaar-Intellecap Group, which runs major impact investing events in India and Africa, raised $15 million from Triodos Investment Management and $10 million from the Shell Foundation to expand its investment, consulting and research operations. The Mumbai-based company has $400 million in assets under management and is looking to grow to $3.5 billion by 2024. It recently raised a $75 million fund for South and South-East Asia and a $150 million fund for Africa, both focused on early- and growth-stage social ventures.
Photo credit: WISH
