Aavishkaar India II Company Limited

South Asia Manufacturing, Financial services, Food and agriculture, Other consumer services, Education, Health, Infrastructure

Aavishkaar is an Indian venture capital firm that specialises in early stage and expansion capital, particularly in firms that solve problems for low-income populations.

This is an early-stage fund investing in underserved India.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Education, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Other consumer services
Website:
https://www.aavishkaar.in
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Aavishkaar Venture Management Services
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
September 2011
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$25m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Vortex Engineering

Vortex Engineering manufacture low cost energy efficient solar powered ATMs for rural areas.

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India South Asia Manufacturing December 2011 Active
Karapadi Path Education company

Karapadi Path Education provides English classes using a unique teaching methodology that combines stories with actions and music.

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India South Asia Education March 2012 Active
Vana Vidyut

Vana Vidyut generates electricity using biomass from man-made regenerative forests. The feedstock is sourced from sister company Energy Plantation Projects India Pvt. Ltd. which has expertise in man-made, high density, regenerative forests of fast growing trees exclusively for power generation.

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India South Asia Infrastructure April 2012 Active
Electronic Payment and Services Pvt Ltd

EPS offers ATM outsourcing and related services for India's rapidly growing ATM network. It provides transaction processing and card management services which are offered to banks to enable them to concentrate on core banking functions. It has over 5,000 ATMs under management across urban, semi-rural and rural locations.

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India South Asia Financial services September 2012 Active
Milk Mantra

Milk Mantra sources, processes and markets milk and milk products, primarily in Orissa and other East Indian markets.

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India South Asia Food and agriculture December 2012 Active
Nepra Resource Management

Nepra Resource Management Pvt. Ltd is engaged in building an organised dry waste (recyclables) supply chain. This would connect the generators (commercial establishments and industrial companies) and collectors of waste to recyclers more efficiently.

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India South Asia Infrastructure January 2013 Active
Ulink Bioenergy

Ulink Bioenergy manufactures organic fertilizers, and is also engaged in the marketing and trading of agricultural inputs such as fertilizers, pesticides, nutrients, and seeds at a discount price.

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India South Asia Food and agriculture March 2013 Active
mHealth Venture India

mHealth offers primary healthcare advice over the telephone, with operations currently focused on the low income state of Uttar Pradesh.

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India South Asia Health September 2013 Active
HR Food

The company sources, processes and markets milk and milk products, primarily in Ranchi and neearby districts in India

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India South Asia Food and agriculture October 2013 Active
Mandala Apparels

Manufacture of organic, Fairtrade certified cotton apparel.

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India South Asia Manufacturing December 2013 Active
Nalanda Learning System

Operates a chain of affordable preschools under the brand name of Little Laureates

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India South Asia Education December 2013 Active
Mela Artisans

Mela Artisans is a lifestyle brand that designs and sources handicrafts exclusively from artisans in India and currently retails through online channels and leading stores in the USA and UK.

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India South Asia Other consumer services February 2014 Active
Vaatsalya

Vaatsalya manages a network of affordable hospitals in Tier II and III cities in India.

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India South Asia Health November 2014 Active
Ergos Business Solutions

Ergos Business Solutions is an integrated supply chain business operating through a network of micro warehouses in rural Bihar in India. It aims to enable market linkages to small farmers in a scalable and cost-effective manner.

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India South Asia Food and agriculture March 2015 Active
Connect India

Connect India, which is based in Bangalore, is a differentiated pan-India logistics delivery network providing last mile access to remote non-urban areas.

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India South Asia Manufacturing April 2015 Active
Jaypore

Jaypore operates a curated, online marketplace for quality apparels, accessories and select home goods, all with some element of hand work or traditional Indian artisanal influence.

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India South Asia Other consumer services January 2016 Active