Founder and Managing Director, Aavishkaar
Vineet Rai, with more than 19 years of experience in leading innovative interventions in the development finance sector, is the Founder and Managing Director of Aavishkaar and Co-founder & Chairman of the Intellecap Group of companies. Vineet are of interest include early stage venture capital, micro enterprises, microfinance investments, Incubations and social investment advisory. Vineet chairs the Board of Villgro, an Incubating and Funding Platform and Intellegrow, an Intellecap subsidiary providing venture debt services to Impact enterprises.
Aavishkaar is a pioneer Impact Investment fund with more than US$160 million under management. The fund specializes in seeding companies that generate return and create livelihoods for low income people or reduce vulnerabilities by improving access to health, education, water, sanitation, energy.
Intellecap provides advisory services to Business, Social enterprises, Impact Investors and Governments to build economic engagement with the low income population worldwide. The group subsidiaries include Arohan, a Microfinance company, Intellegrow, a Venture Debt Company, Intellecash, a Microfinance incubation company, and has pioneering initiatives such as I ‘Cube” N – India’s first Impact Angel Network and SANKALP Forum, one of the foremost Global platform for Inclusive development.
A frequent speaker at national and global forums, Vineet has received numerous awards including the G 20 – SME Innovation in Finance Award in 2010, the UNDP-IBLF World Business Award in 2005 & Lemelson Venture Fund Award in 2007 on behalf of Aavishkaar. He has also received the Ashoka Fellowship and Honorary Membership of XLRI Alumni Association. Driving on Indian roads is one of his passions and he tries to cover 50,000 KM every year.