1. Aavishkaar Approach to VC Investing ADB Inclusive Business Forum February 2016

2. What We Do Aavishkaar is an advisory and fund management company that pioneered the idea of enterprise based approach to development and created long term value for all its stake holders Since 2007, Aavishkaar has raised five progressively larger funds with commitments totaling up to USD 200 million covering sectors that are driven by consumption and inclusion such as Agriculture, Energy, Education, Health, MFI and Financial Inclusion Over the last decade Aavishkaar has built a reputation of picking some of the most remarkable entrepreneurs at a very early stage and helping them build large successful companies. Engage actively in supporting and creating the Entrepreneurial Ecosystem Seek Responsible Exits

3. Confidential 3 20012002200320042005200620072008200920102011201220132014 India’s first impact angel network 100+ members, 14 deals (including 1 in Africa) Over 80 employees 100+ clients, 400 engagements, 25 countries (including South and South-east Asia) Over $300 mm equity raised for impact enterprises Incubated & funded new innovations Driving Partnerships for Inclusive Development Active India and Africa, expanding to Asia Enterprise Sourcing, Mentoring & Recognition Regional Summits in Africa/SE Asia+ Global Summit Sankalp South-East Asia Summit in Jakarta in Nov 2015 with over 400 delegates from 20 countries 5 Funds Under Mgt with $200 mm 100% Commercial Capital 46 investments, 20 exits Investees raised >$450 mm follow-on funding Aavishkaar Frontier Fund: Indonesia, Bangladesh, Sri Lanka and Pakistan – First close in June 2015 First venture debt company for SGBs Disbursed >$25 mm across >100 loans Backed by Shell Foundation, MSDF, ON Incubated 20+ MFIs Merchant cash advance business started in June 2015 US$ 75mm to over 450,000 customers in low-income states What we have Done : Aavishkaar’s Journey

4. Aavishkaar: Portfolio spread from Finance, Technology, Agriculture, Energy 4 Aavishkaar has invested in 46 companies across 5 funds. ~50% of the companies have seen follow-on investments from VC/PE investors *Companies that have delivered full/partial exits ** Companies that have/are in the process of follow on investments from other VC/PE investors ^ First investment in Indonesia for Aavishkaar Equitas** (NBFC-microlending) Vortex Engineering** (Low Cost ATMs) IntelleCash (Merchant Finance) Milk Mantra* (Dairy) Electronic Payment Systems** (ATM Services) Nepra Resource Management (Waste) Swarna Pragati** (Housing Finance) Nalanda Learning (Pre-school Education)** Ulink Bioenergy** (Agriculture Inputs) Mela Artisans (Livelihoods, Handicrafts) SaraPlast** (Sanitation) North Atlantic Inc^ (Fisheries) Connect India (Logistics)