Impact investor Asha Ventures raises $10 million from British International Investment

Mumbai-based impact investor Asha Ventures has raised $10 million from the UK government-backed British International Investment (BII) for its fund I, as it moves closer to hitting its target corpus of $91 million.

Asha Ventures’ debut fund announced its first close in December 2023, raising about $46 million from limited partners such as the Small Industries Development Bank of India (SIDBI), Self Reliant India (SRI), and family offices of Ajay Parekh (Pidilite Industries) and Nimesh Kampani (JM Financial Group).

Managing partner Amit Mehta said the…