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Venture Capital | 4 April 2012

Cisco Invests In Aavishkaar India II Fund

by Irfan Khan
Cisco Invests In Aavishkaar India II Fund
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Cisco has made an investment in Aavishkaar India II Company Ltd - a Mauritius based $120Mn fund dedicated to investing in rural India.

The fund will focus on scaling up affordable models targeting the "Bottom of the Pyramid" in healthcare, water and sanitation, education, agriculture, renewable energy and other emerging sectors.

Aavishkaar has achieved its first closing at $70Mn with corporate investors such as Cisco, along with institutional investors such as IFC, KFW, FMO and CDC participating in the first closing.

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