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Venture Capital
FINANCE | Investment Firms & Funds
aavishkaar.in

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Investments

74

Portfolio Exits

3

Funds

11

Partners & Customers

1

About Aavishkaar

Aavishkaar is an impact investor that provides risk capital and support to early stage ventures, with its investments spanning a wide number of sectors such as Technology for Development, Handicrafts, Renewable Energy, Agriculture, Rural Innovations, Health, and Education. It also offers advisory services under its Intellecap brand, as well as debt funding vehicles through its microfinance institution Arohan, venture debt unit IntelleGrow, and non-banking financial company IntelleCash.

Aavishkaar Headquarter Location

13B, 6th Floor, Techniplex II, IT Park Off Veer Sarvarkar Fly Over, Goregaon West

Mumbai, 400 062,

India

+91 22 61248900

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Expert Collections containing Aavishkaar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Aavishkaar in 1 Expert Collection, including Food & Beverage .

F

Food & Beverage

123 items

Aavishkaar Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Aavishkaar Rank

Latest Aavishkaar News

Florintree Advisors backs Freight Tiger to expand SaaS platform

Sep 13, 2021

Photo Credit: 123RF.com Mumbai headquartered digital platform for freight solutions Freight Tiger has announced raising $6.5 million (Rs 47.9 crore according to current exchange rates) led by Florintree Advisors, backed by former Blackstone executive Mathew Cyriac. The round also saw participation from family office of OYO founder Ritesh Agarwal, Aroa Ventures, as well as returning investors Lightspeed India Partners, Moonstone Investments and Pawan Munjal family Trust. The company had last raised $8 million led by Lightspeed Venture Partners in June 2019, valuing it at $19 million. The company is building a Software-as-a-Service (SaaS) for digital freight network. This will help shippers, logistics service providers and transport companies reduce empty miles and logistics cost. The company started out by designing an app for stakeholders in the logistics industry including truck owners, brokers and logistics companies. Founded in 2014 by Harvard graduate Swapnil Shah, Freight Tiger works with over 300 shippers such as Saint Gobain, JSW Steel, Patanjali, Kohler, MRF as well as 4,000-plus transport companies. “We have seen rapid acceleration in adoption over the last 12 months on our software platform and digital freight network. We today process close to 4% of India’s FTL volume on our software platform,” Swapnil Shah, CEO of Freight Tiger, said in a statement issued by the company. He further added, “Our differentiated approach of software led end-to-end digitization is bringing the ecosystem together and making the $125 billion Indian freight market more seamless, collaborative and transparent. We are on track to hit $100 million in annualised gross revenue by the end of this fiscal year.” Recently, Delhi-based package delivery service provider GoBolt announced raising $20 million in a Series B round of funding from Paragon Partners and Aavishkaar to expand its SaaS based solution and offering end-to-end logistics.

Aavishkaar Investments

74 Investments

Aavishkaar has made 74 investments. Their latest investment was in FinancePeer as part of their Series B on April 4, 2022.

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Aavishkaar Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/18/2022

Series B

FinancePeer

$38M

Yes

1

11/22/2021

Seed VC - II

Altum Credo Home Finance

$11.82M

No

1

9/23/2021

Series A - II

Chqbook

$5.42M

No

6

6/14/2021

Series A

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$99M

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10

12/2/2020

Series A

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$99M

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10

Date

4/18/2022

11/22/2021

9/23/2021

6/14/2021

12/2/2020

Round

Series B

Seed VC - II

Series A - II

Series A

Series A

Company

FinancePeer

Altum Credo Home Finance

Chqbook

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Amount

$38M

$11.82M

$5.42M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

6

10

10

Aavishkaar Portfolio Exits

3 Portfolio Exits

Aavishkaar has 3 portfolio exits. Their latest portfolio exit was Soulfull on February 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/2/2021

Acquired

$99M

3

6/10/2019

Acquired

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$99M

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10

11/9/2016

Corporate Majority

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$99M

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10

Date

2/2/2021

6/10/2019

11/9/2016

Exit

Acquired

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

Aavishkaar Fund History

11 Fund Histories

Aavishkaar has 11 funds, including AAvishkaar Southeast Asia Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/16/2020

AAvishkaar Southeast Asia Fund

$150M

2

10/24/2019

Aavishkaar Emerging India Fund

Early-Stage Venture Capital

Open

$16M

1

11/15/2017

Aavishkaar Bharat Fund

Multi-Stage Venture Capital

Open

$95M

7

6/17/2015

Aavishkaar Frontier Fund

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$99M

10

6/24/2013

Aavishkaar India II Company Ltd.

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$99M

10

Closing Date

6/16/2020

10/24/2019

11/15/2017

6/17/2015

6/24/2013

Fund

AAvishkaar Southeast Asia Fund

Aavishkaar Emerging India Fund

Aavishkaar Bharat Fund

Aavishkaar Frontier Fund

Aavishkaar India II Company Ltd.

Fund Type

Early-Stage Venture Capital

Multi-Stage Venture Capital

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Status

Open

Open

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Amount

$150M

$16M

$95M

$99M

$99M

Sources

2

1

7

10

10

Aavishkaar Partners & Customers

1 Partners and customers

Aavishkaar has 1 strategic partners and customers. Aavishkaar recently partnered with Grasshoppers on June 6, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

6/27/2017

Partner

Sri Lanka

Lankan logistics groundbreaker Grasshoppers joins forces with Aavishkaar Frontier Fund for major equ

The partnership with Aavishkaar means that Grasshoppers Ltd. has the right kind of support to make the strategic , operational and financial decisions to ensure this kind of growth right now .

1

Date

6/27/2017

Type

Partner

Business Partner

Country

Sri Lanka

News Snippet

Lankan logistics groundbreaker Grasshoppers joins forces with Aavishkaar Frontier Fund for major equ

The partnership with Aavishkaar means that Grasshoppers Ltd. has the right kind of support to make the strategic , operational and financial decisions to ensure this kind of growth right now .

Sources

1

Aavishkaar Team

3 Team Members

Aavishkaar has 3 team members, including current Managing Partner, Wim van der Beek.

Name

Work History

Title

Status

Wim van der Beek

Managing Partner

Current

Shailesh N

Investment Partner

Current

Vinod Keni

Chief Financial Officer

Former

Name

Wim van der Beek

Shailesh N

Vinod Keni

Work History

Title

Managing Partner

Investment Partner

Chief Financial Officer

Status

Current

Current

Former

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