Aavishkaar Announces Exit from Net Systems (Asia)

Source: Aavishkaar, VCCircle | Author(s): Jasleen Kaur Batra

Aavishkaar, an India-focused early-stage investor, has exited its investment in India-based Net Systems to the company’s promoters, generating a reported cash-on-cash return multiple of approximately 3x. Net Systems, which operates under the BarrierBreak brand, specializes in accessibility testing and conversion and assistive technology products for people with disabilities. Aavishkaar first invested in Net Systems in 2005 through its Aavishkaar India Micro Venture Capital Fund. Financial details of the transaction were not disclosed.