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Aavishkaar to raise $300 mn for Southeast Asia investments

Sony T by Sony T
November 5, 2018
in Tech news
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Aavishkaar to raise $300 mn for Southeast Asia investments
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Avishkar Group, which is a Mumbai based Venture Capital, is now planning to raise $300 Million for its South Asia focused on the early next year to investor across the sector – financial services, energy, health, agriculture reported in its interaction with one of the firm senior executive.

The fund, which is by the Aavihishkar eight fund, is a follow up to its $75 Million fund which is more focused on both the South And South East Asia. The fund is expected to get its close by the end of 2019.

The citing Vineet Rai, the Managing Partner and CEO of the Aavishkar Venture Management Services the report revealed that the full will going to be raised to invest in some of the smaller markets in the South Asia, which is namely Indonesian, Myanmar, Laos and Vietnam and some of the others and the larger markets like the India and China which will be avoided in order to click the unlimited potential of the smaller markets.

Aavishkar is, however, raising two separate funds specifically for India and Africa. It was currently raising $200 million Aavishkaar Bharat fund and $150 million Africa fund, which will be Aavishkar’s its first foray into the African market

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Vineet Rai further said, “I see Indonesia as the next hub of impact investing. Like India, it has a high density of population and business models are very scalable. It also has a cultural connection and similarities with an evolving private equity/venture capital system.”

About Aavishkaar Bharat Fund, it is also touted to be as the largest India focused impact fund which is being raised by a domestic fund manager. While the Africa fund to hit the first close of $60-$80 Million by the end of April. The Bharat Fund which has also been already achieved a first close of $95 Milion in the month of November this year.

Tags: AavishkaarTech
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Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

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