
Investments
74Portfolio Exits
3Funds
11Partners & Customers
1About 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
Expert Collections containing Aavishkaar
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Food & Beverage
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Latest Aavishkaar News
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.
Aavishkaar Investments Activity
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 | |||||
12/2/2020 | Series A |
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 | ||
Amount | $38M | $11.82M | $5.42M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 6 |
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 | 3 | |||
Date | 2/2/2021 | ||
---|---|---|---|
Exit | Acquired | ||
Companies | |||
Valuation | |||
Acquirer | |||
Sources | 3 |
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 | ||||
6/24/2013 | Aavishkaar India II Company Ltd. |
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 | |||
Status | Open | Open | |||
Amount | $150M | $16M | $95M | ||
Sources | 2 | 1 | 7 |
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 | CryptoLogic, Cisco, Capgemini, Ernst & Young, and PwC | Investment Partner | Current |
Vinod Keni | Chief Financial Officer | Former |
Name | Wim van der Beek | Shailesh N | Vinod Keni |
---|---|---|---|
Work History | CryptoLogic, Cisco, Capgemini, Ernst & Young, and PwC | ||
Title | Managing Partner | Investment Partner | Chief Financial Officer |
Status | Current | Current | Former |
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