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Aavishkaar to Launch USD 250mn. India Fund in...

Sangeetha Chengappa

Aavishkaar Group, a global pioneer in impact investing with $1.2 billion assets under management, plans to launch its $250 million India Fund in three months, a top executive told BusinessLine.

Aavishkaar’s first five India funds were closed at $9 million, $18 million, $30 million, $94 million and $100 million, respectively. Since its inception in 2001, the Group has invested in 49 Indian start-ups.

“I started this journey with ₹5,000 ($100) in 2001 and by 2010 the Aavishkaar Group’s total assets under management was $27 million and in the next 10 years it rose to $1.1 billion and now I aim to grow this to $5 billion by 2025 and to $12 billion by 2030.