Our Story
About Aavishkaar Foundation
Aavishkaar Foundation was conceptualized in 2020 during the peak of the Covid lockdown.
Aavishkaar Group was searching for a response to assist vulnerable communities and created the Aavishkaar Group Facility for Humane Action. Internal contributions from the Group companies helped support mass migration by providing 370,000 meals with the assistances from on-ground Not for Profits. The foundation also supported Government hospitals in 7 districts across 3 states of India with adequate Covid aid.
The Board of Aavishkaar Group saw a huge opportunity in formalizing the ‘Facility for Humane Action’ to extend our impact footprint beyond the for-profit approach to deliver social impact.
Aavishkaar Group’s Facility for Humane Action was formalized into a not-for-profit initiative – Aavishkaar Foundation.
The Foundation’s mission is to support creation of an entrepreneurial ecosystem that inspires young minds to generate livelihoods, and/or reduce risk and vulnerabilities amongst the low income population. The Foundation’s belief is that focused intervention in a concentrated geography would help build a thriving entrepreneurial ecosystem in shorter time and deliver measurable impact.
Given the vastness of this challenge, the foundation will focus on Eastern Uttar Pradesh in the immediate future.
Aavishkaar Group: an Introduction
Aavishkaar Foundation is part of the Aavishkaar Group, an Impact investing platform that provide flexible capital to entrepreneurs to solve complex social problems at scale. The Group has four subsidiary companies that include Aavishkaar Capital, a US$ 450 Million Impact Fund Manager, Arohan, a US$ 700 Million digital Microfinance platform, Ashv Finance US $ 100 Million Financial Inclusion platform and Intellecap, a Global Impact Advisory company. The Group manages assets of US$ 1.2 Billion and has impacted lives of over 100 Million people through its interventions.
Our Journey
The Aavishkaar Group Facility for Humane Action was established to provide economic assistance to the most severely affected during Covid
The Aavishkaar Group Facility for Humane Action supported 16 Grantee Partners across 30+ Districts and 10 States of India
Aavishkaar Foundation was born and Mr. U.K. Sinha, Former Chairman of SEBI was selected as the 1st Chairperson of the Foundation
The Foundation mobilised Oxygen concentrators and Masks to combat the pandemic across India
Partnered with TotalStart Entrepreneurship Ecosystem Developer to support artisan families
Distributed 5 lakh masks to Arohan customers in North East India and West Bengal
Provided capacity building and training for Arohan customers and community members in Bihar and Jharkhand, including exposure visits and forward linkages to sell their produce in the market
Promoted livelihood initiatives of agriculture and backyard poultry for community members in West Bengal.
Conducted capacity building and training for women in Bihar and Jharkhand
Board of Directors
help provide strategic direction and insights in its journey to create impact.
Our Story
About Aavishkaar Foundation
Aavishkaar Foundation was conceptualized in 2020 during the peak of the Covid lockdown.
Aavishkaar Group was searching for a response to assist vulnerable communities and created the Aavishkaar Group Facility for Humane Action. Internal contributions from the Group companies helped support mass migration by providing 370,000 meals with the assistances from on-ground Not for Profits. The foundation also supported Government hospitals in 7 districts across 3 states of India with adequate Covid aid.
The Board of Aavishkaar Group saw a huge opportunity in formalizing the ‘Facility for Humane Action’ to extend our impact footprint beyond the for-profit approach to deliver social impact.
Aavishkaar Group’s Facility for Humane Action was formalized into a not-for-profit initiative – Aavishkaar Foundation.
The Foundation’s mission is to support creation of an entrepreneurial ecosystem that inspires young minds to generate livelihoods, and/or reduce risk and vulnerabilities amongst the low income population. The Foundation’s belief is that focused intervention in a concentrated geography would help build a thriving entrepreneurial ecosystem in shorter time and deliver measurable impact.
Given the vastness of this challenge, the foundation will focus on Eastern Uttar Pradesh in the immediate future.
Aavishkaar Group: An Introduction
Aavishkaar Foundation is part of the Aavishkaar Group, an Impact investing platform that provide flexible capital to entrepreneurs to solve complex social problems at scale. The Group has four subsidiary companies that include Aavishkaar Capital, a US$ 450 Million Impact Fund Manager, Arohan, a US$ 700 Million digital Microfinance platform, Ashv Finance US $ 100 Million Financial Inclusion platform and Intellecap, a Global Impact Advisory company. The Group manages assets of US$ 1.2 Billion and has impacted lives of over 100 Million people through its interventions.
Our Journey
April 2020
The Aavishkaar Group Facility for Humane Action was established to provide economic assistance to the most severely affected during Covid
June - Aug 2020
The Aavishkaar Group Facility for Humane Action supported 16 Grantee Partners across 30+ Districts and 10 States of India
September 2020
Aavishkaar Foundation was born and Mr. U.K. Sinha, Former Chairman of SEBI was selected as the 1st Chairperson of the Foundation
June 2021
The Foundation mobilised Oxygen concentrators and Masks to combat the pandemic across India
July-Sept 2021
Partnered with TotalStart Entrepreneurship Ecosystem Developer to support artisan families
Oct 2021
Distributed 5 lakh masks to Arohan customers in North East India and West Bengal
May-June 2022
Provided capacity building and training for Arohan customers and community members in Bihar and Jharkhand, including exposure visits and forward linkages to sell their produce in the market
Aug 2022
Promoted livelihood initiatives of agriculture and backyard poultry for community members in West Bengal.
Sept 2022
Conducted capacity building and training for women in Bihar and Jharkhand