Aavishkaar Invests in HR Food, Nalanda Learning and MeraDoctor (Asia)

Source: VCCircle

Aavishkaar Venture Management, a venture capital firm focused on India’s rural areas, has invested around INR252 million (approximately US$4 million) in three India-based companies. The firm invested INR150 million (approximately US$2.4 million) in dairy company HR Food Processing and INR40 million (approximately US$600,000) in education provider Nalanda Learning Systems. Aavishkaar also participated in an INR62 million (approximately US$1 million) investment in healthcare services company MeraDoctor, alongside global impact investor Accion. Nalanda plans to use the funds to set up more than 300 preschools across Eastern India, while HR Food intends to expand its network across the state of Jharkhand.