Hero Group Chairman Sunil Munjal Invests Rs 100 Crore in Aavishkaar Bharat Fund
Hero Enterprises Chairman Sunil Kant Munjal today committed an investment of Rs 100 crore in a new fund of social venture capital firm Aavishkaar -- Aavishkaar Bharat Fund.
The fund is sixth by Aavishkaar and a Sebi-registered category II alternative investment fund (AIF).
"At this stage in India's evolution, it is clear that for the entire country to develop, rural areas and underprivileged citizens must become part of the economic miracle, not through charity, but through real opportunities," Munjal said in a statement.
The fund, targeting a corpus of Rs 2,000 crore will invest in businesses that deal in under-served population in sectors such as agriculture, financial services, healthcare, waste and sanitation, renewable energy and logistics and supply chain.
Aavishkaar Foun...