Experience sharing of sustainable private equity funds.
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Presentation by Vineet Rai, CEO - Aavishkaar India Micro Venture Capital Fund - India

Presentation by Vineet Rai, CEO - Aavishkaar India Micro Venture Capital Fund - India

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Experience sharing of sustainable private equity funds. Experience sharing of sustainable private equity funds. Presentation Transcript

  • Nurturing Micro Entrepreneurship : Micro Equity as a Solution to Macro Economic Development Issues Aavishkaar India Micro Venture Capital Fund Micro Equity Provisions to Create Sustainable Intervention in Rural Economy Presented by Vineet Rai Co-founder & Chief Executive Aavishkaar India Micro Venture Fund
    • Essentially rural economy with 60% of the population dependent on agriculture.
    • Widening disparity between the rural and urban India causing widespread migration towards urban centers.
    • Government attempts have been focused on Agriculture and mostly related to productivity of land
    Development Challenges for India
  • Opportunities Exist…. They need to be tapped Rural Infrastructure with e-kiosks, rural ATM, local language software and e governance initiatives Microfinance has reached a large number of people Contract farming with small and marginal farmers Innovative technologies for enhanced productivity Market and access focus interventions in handicrafts and rural products marketing Replication and scale require risk capital at start up stage !
  • Case in Point: Craftsbridge Handicrafts is a major sector that impact rural poor but despite beauty and splendor the sector has been struggling due to Lack of understanding trends in colours, design and lack of marketing skills. Enters Craftsbridge – A social focused For Profit Venture Mission : Indian Handicrafts & Gifts designed and Marketed towards, generating sustainable income for talented but economically challenged artisans from India. Operational Strategy to Create new markets for handicrafts goods domestically and internationally and combine Contemporary packaging and design inputs with crafts to create market pull Outsource production to rural craftsperson and NGO supported rural outfits Entrepreneurs have idea … Need Equity to Create Sustainable Enterprises
  • Craftsbridge: Commercial & Social Result Social Parameters : Works with 13 NGO & 100 Craftsmen. Very small individual businesses in handicrafts are also part of Craftsbridge supply Chain. Serving the Bottom of the Pyramid Profitably Achieved with Risk Capital of US $ 100,000 and rigorous hand holding support over two years by Aavishkaar Micro Equity Fund
    • Aavishkaar pioneered the concept of Social Venture Capital in India with its Micro Equity Fund.
    • We, at Aavishkaar, believe that one of the effective ways to address the challenges of development is to integrate the effort toward social development with the entrepreneurial spirit that characterizes Rural and Urban India.
    • Aavishkaar is a for profit fund addressing the systemic challenges to rural and social entrepreneurship at the start up stage.
    Micro Venture Capital to Promote Social Enterprise
    • Founded in 2002 as a for profit private trust with a group of Indian and Non Resident Indians to make an Impact on Rural India accountably.
    • Registered with Securities and Exchange Board of India as a Venture Capital Fund in 2002.
    • Raised US $ 1.2 Million as investible corpus over three years
    • Invested and has committed investment of .5 Million US $
    • Pipeline of .5 Million US $
    • Operational Expense capped at 4.5% of Corpus
    • Expected return on Investment 6%
    • All Founders are Investors in Aavishkaar
    History of Aavishkaar Micro Venture Aavishkaar
  • Investment Strategy Start up Growth Maturity The equity Gap Conventional Venture Capital Private Equity /IPO/ Institutional Investors ? To meet regulatory capital needs and growth needs Aavishkaar Focus
  • Exit Strategy Stable Micro Enterprise with a sustainable model Nervous Venture Capitalist Social Investor with Local Focus Long term loan/ Fresh EQUITY / Promoter Buy Back  Venture Capitalist Exit Design through Take out financing
  • Aavishkaar Expectations Aavishkaar believes that though still some questions are unanswered, a working proof of concept has been achieved. It is important to scale up Aavishkaar Micro Equity investments into a larger corpus that can deliver to eco-system services to start up Social Venture Effectively We are looking at Institutional Investors and HNI to invest experimental capital in Aavishkaar to allow us to take it to another level
    • Arun Diaz: Trustee, Aavishkaar India & Member, Management Board and Investment Committee. Currently a Management Consultant, Arun served with Standard Chartered Bank for 28 years in senior positions in India and overseas. Thereafter, he had a brief stint with Reuters Consulting as Head of their South Asia Division.
    • Nilesh Mehta: Trustee, Aavishkaar India & Member, Management Board. Nilesh Mehta is one of the General Partners and the Principal of Infinity II, a cross border technology fund investing in India centric technology companies. Infinity II is a partnership with Advent International, Boston, one of the largest private equity funds in the US.
    • Anantha Nageswaran: Member, Management Board and Investment Committee.
    • Anantha is Director and Head of Investment Consulting in Credit Suisse Private Banking, Asia Pacific. An economist by profession Anantha also represents the investors’ interests as the Director of Aavishkaar International, Singapore
    • Arvind Singh: Advisor
    • A banker by profession, Arvind served with Citibank and Standard Chartered Bank in India and abroad before becoming a consultant and entrepreneur based in Singapore. Arvind serves as an Advisor to Aavishkaar.
    Key Team Members
    • Jennifer Meehan, Member Management Board, Investment Committee
    • Jennifer worked with Chase Manhattan Bank before she became a full-fledged Micro Finance Specialist and advises Micro Finance investors such as Calvert Foundation over their Micro Finance Investments worldwide .
    • Prof Krithi Ramamritham, Member Management Board
    • Prof. Ramamritham received a Ph.D. in Computer Science from the University of Utah . He is currently at the Indian Institute of Technology Bombay as the Vijay and Sita Vashee Chair Professor in the Department of Computer Science and Engineering and heads the Kanwal Rekhi School of Information Technology as well.
    • Pravin Gandhi, Advisor
    • Mr. Pravin Gandhi has over 28 years of experience in the IT industry in India and is the co-founder of Infinity Venture, an equity fund in the technology sector. He is an angel investor in several Indian software and Internet companies. In 1972, he co-founded the Hinditron group of companies (India's first IT Company), which subsequently merged with Digital Equipment Corporation in 1988.
    • Narayan Ramachandran, Advisor Narayan Ramachandran is Managing Director and Global co-head of Morgan Stanley's Emerging Markets team. The team invests about $14 billion in the the secondary markets of emerging countries including India.Ramachandran received a B.S. with Distinction from the Indian Institute of Technology Bombay in Chemical Engineering and an M.B.A. from the University of Michigan at Ann Arbor.
    Key Team Members
    • Sanjeev Sanyal: Advisor
    • Sanjeev Sanyal is Deutsche Bank's Senior Economist for Asia. He is a Visiting Research Fellow at Oxford University and a Member of the India & ASEAN Research Group at the Institute of South East Asian Studies, Singapore. He holds a BA (Hons.) in Economics from Delhi University as well as two Master's degrees from Oxford University where he was a Rhodes Scholar.                                                                                                                          Vijay Mahajan: Advisor
    • Voted as the Social Entrepreneur of the Year by Schwab Foundation and presented the Distinguished Alumnus of Indian Institute of Technology Delhi, Vijay is an outstanding Entrepreneur, promoter and Managing Director of Basix and serves on the board of a large number of private and public companies .
    • Vineet Rai: Chief Executive Officer
    • Vineet has a decade of experience in small business incubation, innovative technologies and SME sector. Prior to Co-founding Aavishkaar,he was the Chief Executive of GIAN, a business incubation fund in of IIMA & Government of Gujarat. Vineet has also co-founded, Intellecap – a development consulting company and Rural Innovation Network. Vineet has been awarded Ashoka Fellowship for his innovative work in the field of social entrepreneurship.
    Key Team Members
    • Mr. Vineet Rai, CEO
    • AIMVCF
    • Unit 201 & 221, Atlanta Estate,
    • Dr. Ambedkar Chowk, Off Western Expressway,
    • Goregaon (E), Mumbai
    • INDIA – 400 063.
    • Phone : +91-22-5699 8955
    • Mobile : +91-98206 45736
    • Email : [email_address]
    • Website. : www.aavishkaar.org
    Contacts