Aavishkaar to raise $31m from US-based Teachers Insurance

Aavishkaar to raise $31m from US-based Teachers Insurance

Vineet Rai, chief executive of Aavishkaar Venture Management Services. Photo: Mint

Impact investment firm Aavishkaar-Intellecap Group is raising ₹225 crore (approx $31 million) from US-based Teachers Insurance and Annuity Association (TIAA) as it looks to scale up its various businesses, said two people aware of the development.

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