Aspada Investment Company has invested in Chennai-based school financing company Shiksha Financial Services. The Michael & Susan Dell Foundation invested alongside in a total round size of USD $1 million (Rs. 6.7 Cr.). Shiksha provides loans to affordable private schools to be used for educational infrastructure development. In addition, the company also provides loans to middle and lower-income families to finance school fees of their children.
LEAF raises $8M in Series B funding
Economic Times | September 2016
Aspada backed fresh fruits and vegetables supply-chain company, Lawrencedale Agro Processing (LEAF) has raised $8M (Rs. 53 Cr.) in Series B funding from Denmark-based Bestseller Foundation and Unitus Impact. LEAF supplies 7,000 tonnes of traceable, fresh produce annually to India's largest supermarkets including Nature's Basket, Future Group, Reliance Fresh, Spencer's, Nilgiri's, Metro Cash & Carry and Big Basket.
Dunzo is changing the way urban consumers in India complete local tasks
TechInAsia | September 2016
Aspada backed Dunzo is a mobile-application based platform that helps local small businesses and single person entrepreneurs provide a wide variety of local services to urban consumers. Through a human-in-the-loop chat interface, wide network of local merchants and cashless payments, Dunzo aims to make the experience of completing tasks such as couriering items, and maintenance and repair jobs seamless.
INI Farms partners with Future Group for supplying fresh fruits
Economic Times | August 2016
Agriculture supply chain company, INI Farms entered into a 50:50 joint venture with Future Group, India's largest retailer, for direct sourcing of pomegranates and bananas. Both the companies will jointly invest Rs 60 crore over next five years and work with about 12,000 farmers from Andhra Pradesh.
EM3 is increasing agricultural productivity in India, the Uber way
Economic Times | July 2016
Inspired by ridesharing companies like Uber, EM3 wants to "Uberise" farm services by bringing mechanization to small hold farmers through a Farming-as-a-Service (pay per use) model.
SME lender NeoGrowth Credit secures Rs. 108 Crore in follow on funding
Economic Times | July 2016
NeoGrowth Credit, a specialised lender to small and medium offline retailers, has raised Rs. 108 crore in a new round of funding from IIFL Wealth Management's Seed Venture Fund besides existing investors, which include Omidyar Network, Khosla Impact and Aspada.
Schedulers Logistics raises Rs. 40 Crore in Series B
Economic Times | June 2016
Gujarat Venture Fund Limited has invested Rs 40 crore in Mumbai based integrated cold chain operator Schedulers Logistics. Schedulers operates a fleet of reefer vehicles and temperature controlled warehouses across India.
Capital Float raises Rs. 170 Crore in Series B
Hindu Business Line | May 2016
Capital Float, a leading online lender for small businesses, has raised about ₹170 crore ($25 million) in a Series B round led by Creation Investments. Existing investors Aspada, Sequoia India and SAIF Partners participated in this round that valued the company at over $100 million.
Dunzo raises $650K funding
Economic Times | March 2016
Bengaluru-based Dunzo, a mobile-based concierge app to fulfill local tasks, has raised a $650K Pre-Series A round of funding from Aspada and Blume Ventures, along with angel investors including Rajan Anandan and Sandipan Chattopadhyay.
AasaanJobs secures Rs. 35 crore in funding from Aspada and existing investors
Economic Times | February 2016
AasaanJobs, a Mumbai-based online portal for blue and grey collared jobs, has raised ₹35 crore ($5 million) led by Aspada, with participation from existing investors, IDG Venture Capital and Inventus Capital Partners
S.V. Agri rasies Rs. 25 Crore in Series B
YourStory | January 2016
Integrated potato supply-chain player S.V. Agri raised Rs. 25 Crore ($4 million) in a Series B round led by Lok Capital, with contribution from existing investor Aspada.
Reverie is breaking the language barrier for Vernacular Internet users
TechInAsia | August 2015
Bangalore-based full-stack language services company, Reverie Language Technologies has a solution that an app or online portal can plug in to deliver its content in vernacular Indian languages.
Reverie raises $4M in Series A funding from Aspada and Qualcomm Ventures
ETTech | August 2015
Reverie Technologies, a Bengaluru-based startup that devises local language solutions for the Internet, has raised $4 million in Series A funding in a round led by Aspada Investment Advisors, with participation from existing investor Qualcomm Ventures.
NeoGrowth Credit raises Rs. 45 crore in growth stage funding
Economic Times | August 2015
NeoGrowth Credit, a Mumbai-based NBFC that extends working capital loans to offline businesses in India, has raised Rs. 45 crore ($7.5 million) from Accion Frontier Investments Group and Khosla Impact, with participation from existing investors Aspada and Omidyar Network.
LEAF brings fresh produce to Indian consumers directly from the farmgate
YourStory | July 2015
Integrated supply chain company in the fresh fruits and vegetables space, LEAF, aggregates produce from small hold farmers and supplies to modern and general retail stores in South India, through sophisticated technological and operational interventions.
Aspada Invests USD $3.3 Million in EM3 AgriServices
PRNewswire | June 2015
EM3 is India’s first pay-per-use farm mechanization services company that is ushering in the next Green Revolution for small farmers. EM3 offers small-hold farmers mechanization services on-demand that helps improve farm productivity by over 20%.
Soros-backed Aspada invests in InI Farms
Business Standard | March 2015
The Aspada Investment Company, backed by Soros Economic Development Fund, has made a commitment to invest Rs 20 Crore in Mumbai-based InI Farms Pvt Ltd, which operates across fresh fruit value chains in crops such as pomegranate and banana
Capital Float Scoops Up $13M From Sequoia and SAIF
TechCrunch | February 2015
Capital Float, an NBFC that provides working capital loans to SMEs in India, has raised $13 million in Series A funding led by SAIF Partners and Sequoia Capital, with participation from existing investor, Aspada.
Aspada invests $2 million in Allfresh
Economic Times | September 2014
George Soros-backed Aspada has invested $2 million (Rs. 12 Crore) in New Delhi-based Allfresh Supply Management, its third investment this fiscal.