Pyxera Global 349d ago

At the closing plenary of the #IndiaCircularitySummit, Anurag Agrawal, Partner, Aavishkaar Group, spoke of the Group’s journey and its purpose of taking risk capital, intellectual and human capital to underserved markets. Here are some key takeaways:  1. Aavishkaar Capital has set up one of India’s largest dry waste management companies and is also seeking to raise a $ 500 million carbon fund for India, S. Asia, and S.E. Asia. The aim of the fund is to sequester carbon and monetize the same through carbon credits.   2. Valuations run much ahead of the business in case of financing. There is currently ~ $ 18 Bn invested in climate action tech and this has the potential to grow 10X in just a few years. Climate Tech financing will very likely mushroom the way microfinance did over the last decade.  3. Indian banks have been slow and reluctant to finance circular economy (CE) projects and it is easier to raise money outside of India. Classifying CE finance as priority sector may be the path forward but will require tight definition.  4.  On the positive side there are as many as 40 green bond issues in India including one by Ghaziabad Municipal corporation.    5. Those who can get in early and come up with sustainable business models will be able to create substantial business value  #ClimateFinance #SocialFinance   #AnuragAgrawal #AavishkaarGroup