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AZB sets up $7.3m IIM-Ahmedabad inclusive incubator with Gates, Omidyar, Dell cash

“IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched the Bharat Inclusion Initiative ,with a commitment of $25 million from The Bill and Melinda Gates Foundation, Omidyar Network and Michael and Susan Dell Foundation. The initiative will focus on incubating and backing startups that work in areas such as financial inclusion, livelihood, education and health,” reported The Economic Times.

AZB & Partners advised CIIE Advisors Private Limited led by a team of partners Ganesh Rao and Pallabi Ghosal and lawyer Rayan Azmi.

AZB & Partners also advised Michael & Susan Dell Foundation led by a team of partner Hardeep Sachdeva and lawyer Rukmani Seth.


Deal value: Rs 50 crore ($7.5m)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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