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S&R acts on $31m Aavishkaar investment from Teachers Insurance Annuity of America

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.

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


Deal value: Rs.2.25 billion

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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