Aavishkaar believes that sustainable development can be achieved through growth of entrepreneurial initiatives targeting the dis-advantaged socio-economic groups as key beneficiaries, leaders, employees and/or shareholders. Through various initiatives in micro enterprise and micro finance space, Aavishkaar is pioneering the approach of building a financial ecosystem that would nurture entrepreneurs by providing risk capital for scalable rural and semi-urban focused enterprises. Along with the provision of risk capital, Aavishkaar promotes participative and efficient business practices, empower masses by creating widespread ownership, and set example for fair distribution of returns.
Today, Aavishkaar manages two social venture funds through its investment advisory company (Aavishkaar Venture Management Services -AVMS), viz. Aavishkaar India Micro Venture Capital Fund (AIMVCF) and Aavishkaar Goodwell India Microfinance Development Company (AGIMDC)
- AIMVCF is a pioneering VC fund in India, committed towards supporting socially relevant small and micro enterprises through equity funding at an early stage. Founded in 2001, the fund has won several recognitions for its work including G20 SME Finance Challenge Award 2010 and the UNDP sponsored ‘World Business Award 2006’. A SEBI registered fund, it currently holds a portfolio of 19 companies across a breadth of sectors including rural innovations, health & hygiene, clean-tech, education and handicrafts with INR 60 crores under management.
- AGIMDC is a Mauritius based fund focused on equity investments in the Indian Microfinance sector. Founded in mid 2007, the fund today has a portfolio of 7 quality MFIs in the country across the entire growth spectrum (start ups, growth, and mature).