Some interesting news came in earlier this week from the impact investing space. Nine impact investors, including Aaviskaar, Omidyar Network, Elevar Equity and Unilazer Ventures, have come together to set up a self-regulatory body called Indian Impact Investor Council (IIIC), reports The Economic Times. Unitus Seed Fund is also a founding member. The trigger for [...]
Making money out of garbage is a way of life at Nepra Resource Management. Every day, this unique Ahmedabad-based startup collects an assortment of discarded items such as plastic bottles, cans, tetra packs, bubble wrap and batteries and makes them recycle-worthy. It collects an average of 5-7 tonne of such dry waste daily and expects [...]
Suryoday Micro Finance, a Mumbai-based microfinance company, has raised Rs 20 crore ($3.7 million) in a Series D round of funding from existing venture capital investors Aavishkaar Goodwell and Lok Capital. Suryoday will use the fresh capital infusion to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat and Orissa, and expand into neighbouring states. Founded [...]
Venture capital in India will hit an important milestone this year. At the end of 12 months, a new generation of investors will complete a decade of investing — a first for this market. Nearly $6 billion has been invested in Indian startups since 2004, of which more than $2 billion has been put to [...]
CDC is an active investor in several venture capital and private equity funds in India, including Lok Capital, India Inclusion Fund, New Silk Route, Aavishkaar and Baring India Private Equity. Aavishkaar and Lok Capital raised fresh funds from CDC last year.
Cisco Systems announced today that it has made in investment in Aavishkaar India II fund, a venture capital fund focused on the needs of rural and semi-urban India. The US-based switches-to-routers maker is investing in the $120 million fund, which is managed by Mumbai-based Aavishkaar Venture Management Services. Working with Aavishkaar, Cisco aims to take [...]
$232 million. That’s the figure on Vineet Rai’s mind these days. The founder and managing director of Aavishkaar, a Mumbai-based social venture capital firm that invests primarily in companies that address rural India’s unique needs, wants to achieve a combined corpus (funds under management) of the abovementioned figure. Why? Once it scales up to that [...]
![[Scoop] Aavishkaar exits Rangsutra at 37 percent IRR](http://startupcentral.in/wp-content/uploads/2012/02/rangsutra.tiff "[Scoop] Aavishkaar exits Rangsutra at 37 percent IRR")
Mumbai-based venture capital investor Aavishkaar has exited Rangsutra Crafts, a Delhi-based garments, accessories and home furnishings maker, in favour of individual investors. Confirming the exit, Aavishkaar managing director Vineet Rai said the the firm had made a 37 per cent IRR (internal rate of return) on its Rs 23 lakh investment made in 2007. Rai [...]
![[Scoop] Vaatsalya to raise $10 mn Series C round](http://i2.wp.com/startupcentral.in/wp-content/uploads/2011/05/hUBL.jpg?resize=315%2C157 "[Scoop] Vaatsalya to raise $10 mn Series C round")
Bangalore-based Vaatsalya Healthcare is close to stitching up a $10 million Series C venture capital round from new and existing investors. This will take the total capital raised by the company, which runs 11 low-cost hospitals in Tier II and III Indian cities, to $16.7 million. The fresh round of funding is expected to see [...]
Seedfund-backed Vaatsalya Healthcare, a Bangalore-based startup that runs low-cost hospitals in rural and semi-urban India, has just become a Harvard Business School case study. Penned by Sourav Mukherjee and PD Jose of IIM Bangalore, the study will be used by MBA students at business schools around the world. Founded by doctors Ashwin Naik and Veerendra [...]
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
Connect