National, March 1, 2024: Sanchayan Chakraorty, Partner, Aavishkaar Capital took awarded at the recently concluded IVCA Conclave 2024 as India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), honoured the key players and top performers at the IVCA Alternate Capital Excellence Awards, held on the final day of the 13th IVCA Conclave.
Aavishkaar Capital won the Consistent Climate Impact Champion Award 2024 for “consistent effort in backing start-ups/companies who are catalyzing positive environmental impact”.
The Awards Partner for the seventh edition of IVCA Alternate Capital Excellence Awards was Praxis Global Alliance, and the Awards Sponsors were Blume Ventures, Cactus Venture Partners, and Gaja Capital. The jury included Shri. S. Ramann, CMD, Small Industries Development Bank of India (SIDBI), Shri. UK Sinha, Former SEBI Chairman, Anita George, Co-Founder, Edhina Capital, Cate Ambrose, CEO and Board Member, Global Private Capital Association (GPCA), Luis Miranda, Chairman, Centre for Civil Society & Co-Founder, Indian School of Public Policy (ISPP), Sanjeev Bikhchandani, Founder, Info Edge and Vivek Pandit, Senior Partner, McKinsey & Company.
Sanchayan Chakravorty on winning the award for Aavishkaar Capital said, “Climate is a core horizontal thematic area of investments for Aavishkaar. The negative impact of climate change, especially on the livelihoods of, and risks to, the low-income population is very visible. We recognised the potential of technology innovations, and also the large infrastructure requirements, to solve for climate adaptation and mitigation challenges at scale. From early investments in energy access and efficiency, water and waste management, we have more recently invested in hydrogen technology, climate positive agriculture and are building a nature-based infrastructure platform. Climate solutions offer significant private capital investment opportunity, and are essential to ensure a better world for all of us.”
“2023 was a pivotal year, indicative of a collective pivot towards performance and sustainability, grounded in investors’ resilience and adaptability. The IVCA Alternate Capital Excellence Awards recognises those firms, both domestic and international, who have, despite challenges, demonstrated exceptional commitment to the broader ecosystem over the past year. The industry’s determination and vision can help position India as a pacesetter in the fund management world. Together, we can propel the evolution to India@100,” said Rajat Tandon, President of IVCA.
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