Cisco has invested in Aavishkaar, a venture fund aimed at promoting development in rural and semi-urban India.
The company will invest in Aavishkaar India II Company (Aavishkaar II) and will collaborate with other investors to promote the development of sustainable business models in such areas.
With this, Aavishkaar II has achieved its first closing at $70 million. This includes funding from Cisco and institutional investors such as IFC, KFW, FMO and CDC.
