Indian VC Aavishkaar closes Fund II at $94m
Aavishkaar Venture Management Services has closed its second fund, Aavishkaar II, at $94 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based family office.
The fund will invest in enterprises active in the social infrastructure sector in rural India, in the renewable energy, agriculture, health and education sectors. Fundraising for Aavishkaar II started...
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