S & R Associates help Aavishkar Group raise capital from FMO

S&R Associates represented the Aavishkaar Group, the largest impact Platform across Asia and Africa, in aggregate investments of Rs. 2.6 billion by FMO, the Dutch Entrepreneurial Development Bank.

Aavishkaar’s big innovation is the adoption of venture capital methodology to serve the low income market segment by creating scalable enterprises. The Aavishkaar Group, announced an investment of Rs. 260 Crores by FMO, the Dutch Entrepreneurial Development Bank. The Group plans to utilize the investment to strengthen its ownership in its debt platforms and expand its business in Africa and South East Asia.

According to the CEO of FMO – Peter van Mierlo, FMO hopes to help the Aavishkaar Group reduce the vulnerability of India’s, South East Asia’s and Africa’s low-income population with this investment. FMO has reportedly said that they will work with Aavishkaar Group to strengthen its institutional foundation so that they can focus on what they do well: building companies, backing entrepreneurs and unlocking innovative ideas. The Group entities engage in microfinance, SME finance, Fintech lending, equity and venture investing, and as a platform have successfully created an ecosystem that facilitates maximum impact.

The S&R team was led by partner Viral Mehta and included associates Pooja Singhania, Vidhi Sharma, Gunit Kaur and Sarangan Rajeshkumar.