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Aavishkaar-Intellecap group raises $25 million from European lender Triodos and Shell Foundation

Forbes India

Impact investment-focussed Aavishkaar-Intellecap group on Tuesday announced an equity fund raise of $25 million led by Triodos Investment Management, the investment arm of European lender Triodos Bank and Shell Foundation, an independent charity established by the oil giant, Shell Group.
 
The investment - $15 million from Triodos and $10 million from Shell - will be infused in the parent company, enabling Aavishkaar-Intellecap to expand its ecosystem, building services and businesses across the globe. "The funds will allow us to expand our investment in India and also geographically expand to Africa and Southeast Asia, our target markets,” explained the group’s founder Vineet Rai.

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Publication date: 
Thursday, January 26, 2017
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