Investment Summary

In addition, USD 1.8 Mn was directed towards Climate Finance.

Deal Flow

Financial Inclusion


Technology for Development


Other Impact Sectors

Interesting Reads for the Month

DFC Promotes Gender Equity in Financing Across India with $50 Million Debt Investment into Northern Arc Capital

The Hindu Businessline


Aavishkaar Capital announces its 34th Responsible exit from India Portfolio

Press Release / 22 Feb 2021


Rethinking impact: Investing in the circular economy to fight climate change

Rob Kaplan, Founder and CEO, Circulate Capital


India’s Impact Investors Council (IIC) counted $2.6 billion in impact deals in 2020, down 25% from $3.5 billion in 2019, but seed stage deals increased 16% over the same period.

Jessica Pothering, ImpactAlpha Editor


Returnable grants: Reimagining credit for a better normal

Varad Pande, Partner, Omidyar Network India, Priya Naik, Founder and CEO of Samhita Social Ventures


CDC Launches Disability Inclusion Guidance for Investment Managers and Companies

Contributor – Shashaank Awasthi (Gray Ghost Ventures and V-Shesh)



Dialogue with
Swati Rai, Co Founder, Aavishkaar Group

What probably is most humbling to me personally is that, as a Group, we have been able to reach over 55 million women of the 100 Million customers. And we have been able to achieve this by taking an ecosystem approach to impact investing and not by working in isolation

Swati Rai, Co Founder, Aavishkaar Group.

IIC Announcements

2020 in Retrospect: An India Impact Investing Showcase

Virtual Event 5th Mar 2021

The event marked the launch of our latest annual research publication on India Impact Investment Trends. The event hosted two panels with impact investors and entrepreneurs to discuss the industry’s response to the pandemic, impact on investment flow globally and in India, emerging opportunities, and future outlook for the Indian impact investing ecosystem. In addition to panel discussions with investors and impact enterprises, the IIC team also presented the findings from their latest publication, ‘2020 in Retrospect – India Impact Investment Trends’.

About Impact Investors Council:
Impact Investors Council, India (IIC) is a member-based national industry body formed with an objective to build and strengthen the impact investing eco-system in India. To know more about our work visit or reach out to

Disclaimer: Data and Information in this newsletter is made available in good faith with the exclusive intention of helping market and ecosystem players, policymakers and the public build a greater understanding of the Indian impact investing market. The data is collated from sources believed to be reliable and accurate at the time of publication. Readers are urged to exercise independent judgment and diligence in the usage of this information for any investment decisions

Some of the information provided in this newsletter is supplied by third parties. It is important that all users understand that third party information is not an endorsement of any nature and has been put together with the sole purpose of benefiting stakeholders.


1. Equity Investments