India, April 7 -- Mumbai-based impact investor Asha Ventures, which counts Adda 24x7, Vaastu Housing Finance, Avanti and Nepra among its portfolio companies, has reportedly secured $10 Mn (around INR 85.65 Cr) from the British International Investment for its maiden fund.

Asha Ventures' debut fund, Asha Ventures Fund-I, which marked its first close at $50 Mn in December 2023, is now looking for its final close by September this year, an ET report said.

"These are large institutions. The documentation and diligence process takes time, and sometimes these processes are beyond the control of all parties, so we have to appreciate that. As far as fundraising is concerned, we are on track and will be announcing the final close in a couple of ...