What cheque size does Aavishkaar Capital write?

As compiled from public sources: Series A focus; not explicitly disclosed on site (impact equity cheques)

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VC fund (Cat II) · Curated list

Aavishkaar Capital

Multi-stage · MSME & SME finance · Mumbai

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Contact on file — shared on accepted request

At a glance

Stage focus: Multi-stage
Primary sector: MSME & SME finance
City: Mumbai
HQ / office: HQ (Mumbai): 2nd Floor, Naman Center, C-31, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051. Also: New Delhi (FS 05 & FS 06, Collative, Global Foyer / WhiteHouse, NBCC Plaza, Pushp Vihar, Saket, New Delhi) and Nairobi, Kenya (4th Floor, The Riverfront, Prof. David Wasawo Drive off Riverside Drive, Nairobi).
Fund registered: 2016
Investments on record: 87
Corpus (as reported): Official site (about page) states "close to half a billion dollars in AUM" across equity funds (8 funds closed to date); third-party sources put the Aavishkaar Capital equity arm at ~US$550M. The frequently-cited USD ~1.4bn figure is the broader Aavishkaar GROUP platform AUM (VC + microfinance/credit), not the Capital arm alone; ION Analytics reports ~US$1.45bn total including the US$250M Global Supply Chain Support Fund (with KfW). Figures as of 2024–2025.
Website: aavishkaarcapital.in
LinkedIn: Profile ↗

About

Aavishkaar Capital is a Mumbai-headquartered private venture capital and impact-investment firm founded in 2001 by Vineet Rai; it is the equity-investing arm of the Aavishkaar Group impact platform. It backs growth-stage entrepreneurs across financial inclusion, sustainable agriculture, and essential services in India, emerging Asia, and Sub-Saharan Africa. It has invested in 80+ companies and runs eight funds, including the US$250M Global Supply Chain Support Fund in partnership with Germany's KfW.

Investment focus

Early-growth stage (seed-to-growth "sow-tend-reap"; primarily Series A and beyond), ticket size approx. US$5M–US$25M. Three core sectors: Financial Inclusion, Sustainable Agriculture / Food & Agriculture, and Essential Services. Geography: India, emerging Asia, and Sub-Saharan Africa.

Cheque size

Series A focus; not explicitly disclosed on site (impact equity cheques)

As compiled from public sources — verify with the investor.

SEBI registration

SEBI AIF Category II — reported as “VC / Impact investment firm (private) / Cat II”

IN/AIF2/16-17/0269
IN/AIF2/21-22/0877
IN/AIF2/26-27/2183

SIDBI Fund of Funds

On the SIDBI FFS list

Funds: Aavishkaar Bharat Fund; Aavishkaar Fund VI; Aavishkaar India Fund VI

Yes — on official SIDBI FFS supported-AIF list (Aavishkaar Bharat Fund; Aavishkaar Fund VI; Aavishkaar India Fund VI)

Notable portfolio

Zouk (D2C bags/luggage); Go DESi (confectionery/packaged food); Altum Credo Home Finance (housing finance); Electronica Finance; ERGOS (agri grain banking); Gnani (deep-tech AI/ML); Newtrace (green hydrogen deep-tech); Vecmocon Technologies (EV tech)

Team & organisation

Not disclosed on official contact page

Private VC / impact investment manager (Aavishkaar Group), multi-fund manager of SEBI-registered AIF vehicles (e.g. Aavishkaar Bharat Fund); offices Mumbai, Delhi, Nairobi

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Frequently asked

What does Aavishkaar Capital invest in?: Early-growth stage (seed-to-growth "sow-tend-reap"; primarily Series A and beyond), ticket size approx. US$5M–US$25M. Three core sectors: Financial Inclusion, Sustainable Agriculture / Food & Agriculture, and Essential Services. Geography: India, emerging Asia, and Sub-Saharan Africa.
What cheque size does Aavishkaar Capital write?: As compiled from public sources: Series A focus; not explicitly disclosed on site (impact equity cheques)
How do I pitch Aavishkaar Capital through iHub India?: Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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About this record

⚑ Private firm — clean (no government/DFI ownership; KfW is a fund LP/partner, not an owner). Note: this is growth-stage VC with relatively large tickets (US$5M–US$25M), so it leans toward growth-stage rather than pure seed/early-stage. AUM figures vary by source/scope — the official "~$500M" is the Aavishkaar Capital EQUITY arm, whereas the "$1.4bn" figure is the broader Aavishkaar GROUP platform (includes microfinance/credit); do not conflate the two. The firm publishes a prominent fraud/impostor disclaimer on its site warning of solicitation schemes using its name — treat any unsolicited "investment opportunity" using the Aavishkaar name with caution.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.aavishkaarcapital.in/contact; https://www.microcapital.org/microcapital-brief-indias-aavishkaar-bharat-fund-attracts-95m-impact-investing-investors-including-cdc-sidbi-munjal-family-office-hero-corporation-tiaa/