Impact investment firm Aavishkaar Venture Management Services (AVMS) plans to raise up to $150 million to invest in Africa. AVMS is part of the Intellecap-Aavishkaar group, which includes other entities such as Intellecap, which offers investment banking, consulting and other services for the impact investment space.



Pune-based Taxsutra Services Pvt Ltd, which runs tax information portal TaxSutra, has raised its third round of funding from existing investors V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Founded in 2011 TaxSutra runs online subscription-based portals on direct tax, indirect tax, transfer pricing (TP) and corporate laws.