On January 25, 2022 Your Story reported that “Mumbai-headquartered impact investing arm of Aavishkaar Group, Aavishkaar Capital has announced the launch of a $250 million ESG First Fund with German investment and development bank, KfW. The fund will focus on investing in Asia and Africa to strengthen the Environmental, Social, and Governance (ESG) practices of mid-cap businesses and offer them growth capital for expansion.
The fund will provide transformational capital to businesses to improve their ESG standards and meet increasing demands on corporate due diligence especially for access to European markets, said a statement issued by the group.
‘Our focus is to help businesses scale by allowing them to participate in the significant growth of consumer demand for ‘socially-conscious products’. We will support our partners to develop stronger ESG standards and share the benefits of our south-south leanings,’ said Ashish Patel, Managing Partner, ESG First Fund of Aavishkaar Capital in the statement.”
You may read the article on the Your Story internet site.