Aavishkaar II Holds First Close at $70M

Aavishkaar II, a venture fund created to promote development in rural and semi-urban India, has held its first closing at $70m.

With a final target fixed at US$120m, the fund has received support from Cisco and other institutional investors such as IFC, KFW, FMO and CDC.

Advised by Mumbai-based Aavishkaar Venture Management Services Pvt. Ltd., the vehicle invests in early-stage businesses operating in rural India, in agriculture, education, health and energy sectors.



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