<ul><li>Asha Ventures, a Mumbai-based venture capital firm, has secured a $10 million investment commitment from British International Investment (BII).</li><li>The funding brings Asha Ventures closer to its target of $91 million for its first fund, which raised $46 million at the initial close in December 2023.</li><li>Other investors in Asha Ventures include the Small Industries Development Bank of India (SIDBI), the Self Reliant India Fund, the National Bank for Agriculture and Rural Development (NABARD), and family offices such as those of Ajay Parekh and Nimesh Kampani.</li><li>Asha Ventures focuses on impact-driven investments in India, particularly in startups that address financial access, job creation, and climate resilience.</li></ul>

Asha Ventures Fund I receives $10 million commitment from the United Kingdom’s BII

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