Jan 25 2017

Mumbai: Impact investing-focused Aavishkaar-Intellecap Group has raised $25 million (approximately Rs170 crore) in equity funding led by Triodos Investment Management, the investment arm of European lender Triodos Bank, and Shell Foundation, an independent charity established by the Shell Group.

Triodos has invested $15 million in the group and Shell has contributed $10 million.

Founded in 2002, the Aavishkaar-Intellecap Group offers range of financial products to entrepreneurs working to solve problems at the bottom of the pyramid, including equity funds, a venture debt vehicle, microfinance lending, investment banking services, consulting, research and access to global networks.

The group operates its equity funds business through Aavishkaar Venture Management Services; investment banking, consulting and research through Intellecap; extending working capital and business loans to small and medium enterprises through Intellecash, venture debt through Intellecap and microfinance lending through Arohan.

Across its various equity funds and debt businesses, the group has over $400 million in assets under management, with 2,500 team members across Asia, Africa and the Americas.