AGIMDC II
Aavishkaar Goodwell India Microfinance Development Company II (AGIMDC II) launched in 2011 as the successor to our first India-focused fund. The fund expanded our ability to create social impact and financial returns by investing in growing microfinance businesses, especially those in the underserved North, Western and Eastern regions of the country.
Fuelling the development of India’s microfinance sector
Following the success of our previous collaboration, AGIMDC II was formed as a joint venture between Goodwell and India-based Aavishkaar Capital. At final close in 2012, the fund raised more than USD 30 million enabling us to invest in some of the most promising businesses in the financial inclusion space.
While the objectives were quite similar to the first India-based fund, AGIMDC II targeted a wider variety of microfinancing companies, going beyond small business loans to also consider housing and technology-based interventions.
AGIMDC II is partially exited, with the final exits expected in the coming years.
uMunthu I created significant impact, with 20 portfolio companies leading to the creation of 2,000+ jobs and serving over 322 million people across 36 countries. uMunthu II will build on these successes, thanks to a diversified investor base of institutional investors, development finance institutions, private wealth and family offices.
2011
Launched
July 2012
Final close
30.2m USD
Raised
3
Fully exited
Financial services
Industry
Portfolio companies
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