The South Asian Fund will be the eighth for the business
The company seeks to achieve the first closure by the end of 2019
The company is trying to achieve the closure of the Aharishkaar Bharat Fund within the next 12 to 18 months
Investment Investor and Advisor Aavishkaar Group Wants to Collect $ 300 Million For the fund that focuses on South Asia early next year to invest in Vietnam, Indonesia, Myanmar and Laos among others.
"We avoid India and China, and we look more at the smallest markets that have unnecessary potential, and I consider Indonesia as the next hub of investment in the impact, like India, it has a high population density and business models are very scalable. and similarities with an evolving system of private equity / venture capital, "said Vineet Rai, CEO and CEO of Aavishkaar Venture Management Services.
The Mumbai-based venture plans to raise funds from leading investors in Singapore, Japan, Australia and the United Kingdom, in addition to Asian development funding institutions.
The South Asian currency is the eighth fund for the company and aims to achieve its first closure by the end of 2019. This comes close to the federal $ 75 million federal fund, which is concentrated in South and South East Asia.
Aavishkaar: A History of Welfare Investments
Aavishkaar was founded in 2001 with a vision for the catalytic development of the developed regions of India, identifying competent entrepreneurs, providing them with capital, completing them with an environment that cultivates and contributes to the creation of sustainable businesses.
Aavishkaar has continued to make over 58 investments in various sectors and geographical areas and has raised six funds by providing commercial returns of approximately $ 300 million in assets under management.
Aavishkaar raised $ 95 million at the first closure of the $ 200 million Aavishkaar Bharat Fund in November 2017. The investment is the second of the fund, targeting early-to-middle investment opportunities in areas such as healthcare care, agriculture, education and economic integration.
The company is trying to achieve the closure of the Aharishkaar Bharat Fund within the next 12 to 18 months.
The company also funds funds for a $ 150 USD fund, its first invasion of the African market. Rai expects this fund to achieve the first $ 60 Mn- $ 80 Mn closure by April 2019.
Among the supporters of the Aavishkaar Bharat Fund are large institutional investors such as the United Kingdom Government Development Finance Corporation CDC Group and Indian companies such as Small Industries Development Bank of India (SIDBI), National Bank of Agriculture and Rural Development (NABARD) and family offices, including the chairman of Hero Enterprise Sunil Munjal.
The company advanced earlier in gambling such as Mela Artisans (2014) and Jaypore (2016), as well as New Delhi's B2B GoBOLT (2018) transport solution provider.
Recently, the fund was billed $ 5.3M (INR 35 Cr) to the BAGALURA-based packaged food company, Kottaram Agro Foods.