Aavishkaar Impact Report 2016 (Aavishkaar Capital)

Summary

• Total beneficiaries reached 56,086,800, including 34,367 direct employment created and 111,460 direct livelihoods created.p.13
• 7,344,793 indirect livelihood opportunities were created through better access to finance, and 48,596,180 people were provided access to essential services.p.13
• 92% of companies had Aavishkaar as first external institutional investor, and 87% of companies were started by first time entrepreneurs.p.7
• Aavishkaar made 52 investments in India across 8 sectors, plus 3 investments in South and South-East Asia since 2015.p.8
• Portfolio companies have raised US$ 459 million of follow-on capital, 4x for every $1 invested.p.10
• Portfolio companies operate across 480 districts of a total of 640 districts in India and in 29 Indian states.p.9
• The portfolio achieved a cumulative reduction of 1,082,052 MT in CO2 emission.p.12

Key insights

1. 96% of companies have significant operations outside Tier I cities and above.p.7
2. 21 full exits and 4 partial exits have been achieved, and all companies continue to grow with new investors.p.10
3. Direct livelihoods created include 89,612 in Frontier markets and 48,158 for women.p.11
4. Income earned by low-income households reached US$ 49.1 million.p.11
5. Shree Kamdhenu Electronics' system benefits 1,871,700 dairy farmers with an income increase of US$ 68.9 million.p.20
6. Equitas gave 2,540,000 people access to finance and completed its initial public listing in April 2016.p.36