Impact investment firm Aavishkaar has made its second bet in Sri Lanka by investing in logistics solutions provider Grasshoppers Pvt Ltd. The investment in Grasshoppers is the fifth investment by Aavishkaar’s Frontier Fund, which is a regional fund through which Aavishkaar invests in Sri Lanka, Bangladesh and Indonesia. Grasshoppers plans to use this latest funding to set up an island-wide distribution network that would provide the local communities participating in the business model with income opportunities.
Aavishkaar makes second investment in Sri Lanka, backs Grasshoppers
Date posted: Wednesday 21 June 2017