Aavishkar-Intellecap's Vineet Rai: Diary of an impact investor

When Vineet Rai began raising his first fund in 2000, it took him five years to raise Rs 50 million, before institutional investors came on board and chipped in more. Since then, the founder of the Aavishkar-Intellecap Group has raised $300 million across six funds and invested in 58 companies. 

Aavishkar has raised $95 million for its $200-million sixth fund, and hopes to raise the rest by the end of the year. It is also raising a $150-million African Fund, which it hopes to close by Q1 2019.

While Aavishkar has only returned $50 million and hopes to return another $125 million