Aavishkaar VI

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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.