Aavishkaar India Fund VI
SIFEM’s investment in Aavishkaar India Fund VI is expected to contribute to long-term private sector growth but also to provide much needed risk capital to help businesses weather the difficult economic environment resulting from the COVID-19 pandemic. By investing in both innovative and established businesses, the Fund is expected to contribute significantly to job creation (SDG 8). The Fund also tackles the funding gap for MSMEs (SDG 9) and contributes to providing better access to goods and services for the poorest populations, which in turn can help reduce inequalities in India (SDG 10). Indeed, the Fund Manager has previously demonstrated that the bulk of its investments are made in companies which operate in low-income segments with an average minimum wage that is typically between USD 3 to 4 a day.
In addition, Aavishkaar possesses a detailed Impact Measurement Framework which outlines how impact is integrated into the investment processes and which provides a clear structure for the Fund to support portfolio companies in their own development of impact.