Asha Ventures Secures $10 Million in Fundraising Milestone
The Mumbai-based impact investor Asha Ventures obtained $10 million (approximately INR 85.65 crore) as new capital from British International Investment (BII) dedicated to its initial fund named Asha Ventures Fund-I. The new capital addition brings Asha Ventures Fund-I to $60 million in total funds while moving toward its $91 million target goal. Asha Ventures celebrates a major achievement at its stage of developing high-growth impact-driven Indian startups.
Asha Ventures Fund-I managed to reach its first funding goal in December 2023 through a combination of $50 million support from Small Industries Development Bank of India (SIDBI) and Self-Reliant India (SRI) Fund together with several family offices. This fund targets investments in newly formed or expanding startups working in financial services along with healthcare services and education services and climate services and agricultural services.
Asha Ventures Managing Partner Amit Mehta mentioned in an Inc42 interview that the fund expects to reach its final closing in September 2025. The deployment of investment funds goes toward startups which demonstrate significant potential for economic as well as social advancement. The fund plans to complete four to five investment deals yearly using $2 million to $10 million tickets per transaction according to Mehta.
Through Fund-I Asha Ventures conducted three startup investments including the electric vehicle financing operator Ascend Capital alongside Truemeds which provides affordable medicine solutions and the vehicle financing company AutoMony. These startups receive financial support alongside professional knowledge that enables them to grow their impact throughout the country of India.
The India-based venture company Asha Ventures started its operations in 2015 through a partnership between Vikram Gandhi who served Morgan Stanley India and Pramod Bhasin who led Genpact. Asha Ventures declared its objective to provide financial backing to entrepreneurs developing solutions for India's critical issues. Bhasin emphasizes that Asha Ventures wants to work with financially viable companies that bring sustained social benefits to society.
Asha Ventures belongs to an emerging investment pattern across India which observes growing interest in funding high-potential businesses that drive social change. The impact sector throughout India has experienced remarkable growth due to increasing social and environmental responsibility standards in sustainable investments. Accorded to India Impact Investors Council (IIC), impact-focused deals reached 71 along with $419 million in deployment between January and February 2025.
Bengaluru-based C4D Partners demonstrates its commitment to social enterprises by making investments through two funds into businesses such as Ananya Finance, Ecotasar Silk and Alpine Coffee. The market expansion of impact investing enables Asha Ventures and similar funds to play an essential role in growing innovative solutions that tackle India's essential social problems.
BII along with other investors support Asha Ventures through funding as the organization works toward reaching its targets which help grow impactful startups within India.
Asha Ventures Fund-I managed to reach its first funding goal in December 2023 through a combination of $50 million support from Small Industries Development Bank of India (SIDBI) and Self-Reliant India (SRI) Fund together with several family offices. This fund targets investments in newly formed or expanding startups working in financial services along with healthcare services and education services and climate services and agricultural services.
Asha Ventures Managing Partner Amit Mehta mentioned in an Inc42 interview that the fund expects to reach its final closing in September 2025. The deployment of investment funds goes toward startups which demonstrate significant potential for economic as well as social advancement. The fund plans to complete four to five investment deals yearly using $2 million to $10 million tickets per transaction according to Mehta.
Through Fund-I Asha Ventures conducted three startup investments including the electric vehicle financing operator Ascend Capital alongside Truemeds which provides affordable medicine solutions and the vehicle financing company AutoMony. These startups receive financial support alongside professional knowledge that enables them to grow their impact throughout the country of India.
The India-based venture company Asha Ventures started its operations in 2015 through a partnership between Vikram Gandhi who served Morgan Stanley India and Pramod Bhasin who led Genpact. Asha Ventures declared its objective to provide financial backing to entrepreneurs developing solutions for India's critical issues. Bhasin emphasizes that Asha Ventures wants to work with financially viable companies that bring sustained social benefits to society.
Asha Ventures belongs to an emerging investment pattern across India which observes growing interest in funding high-potential businesses that drive social change. The impact sector throughout India has experienced remarkable growth due to increasing social and environmental responsibility standards in sustainable investments. Accorded to India Impact Investors Council (IIC), impact-focused deals reached 71 along with $419 million in deployment between January and February 2025.
Bengaluru-based C4D Partners demonstrates its commitment to social enterprises by making investments through two funds into businesses such as Ananya Finance, Ecotasar Silk and Alpine Coffee. The market expansion of impact investing enables Asha Ventures and similar funds to play an essential role in growing innovative solutions that tackle India's essential social problems.
BII along with other investors support Asha Ventures through funding as the organization works toward reaching its targets which help grow impactful startups within India.
