The Shell-backed Shell Foundation invested $10m while Triodos Bank supplied the other $15m, as Aavishkaar-Intellecap looks to increase its global activities.
Shell Foundation, the non-profit organisation formed by oil and gas company Shell, and financial services firm Triodos Bank have provided $25m of equity financing for India-based impact investor Aavishkaar-Intellecap Group.
The group is made up of Intellecap, which provide investment banking, consulting and research services with a view to making impact investments in developing markets, and Aavishkaar, which supplies risk funding to companies in the developing world.
Shell Foundation was founded with $250m from its parent company, from which it…
