Impact investment firm Aavishkaar-Intellecap Group is raising ₹ 225 crore (approx $31 million) from US-based Teachers Insurance and Annuity Association (TIAA) as it looks to scale up its various businesses, said two people aware of the development. — Mint

S&R Associates advised Aavishkaar Venture Management Services led by a team of partner Viral Mehta, associates Pooja Singhania and Kinnari Sanghvi.

2018-11-19

Deal value: Rs.2.25 billion

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