PROJECT

Projects

Summary of Investment Information

Project Number

46360

Company Name

AAVISHKAAR INDIA FUND VI

Date SPI Disclosed

Mar 22, 2023

Country

India

Region

South Asia

Projected Board Date

Apr 25, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 26, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 15, 2023
Signed : Aug 1, 2023
Invested : Jan 24, 2024

Sector

Growth Equity Fund

Project Description

IFC proposes an equity investment of up to US$20 million, not exceeding 20% of the total commitment, and an additional co-investment envelope of up to US$15 million under the delegated authority framework, in Aavishkaar India Fund (IFSC) VI (the “Fund” or “Fund VI”), a private equity (PE) fund focused on providing growth capital to small and mid-sized companies in India and together with Aavishkaar India Fund (Mauritius) VI (Mauritius Fund) and Aavishkaar India Fund VI (India Fund) is targeting US$200 million in total commitments. Consistent with the prior fund, Fund VI will continue to focus on its key strength of targeting investment in small and mid-sized companies in the sectors of financial inclusion, sustainable agriculture, and essential services. The Fund is expected to size its average ticket per company in the range of US$5-20 million in c.15 companies.                                                   

Associated Advisory Engagement

           

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation