Breathe India


Last updated 13 May 2020, by Impactyield.

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Sustainability and Social Development are the fundamental concepts driving Breathe India Ventures (BIV). Breathe India is a Social Venture Capital Fund investing in high impact oriented Indian business models in the Clean Technology space. BIV is committed to promoting entrepreneurs focused on innovations and applications, which directly help conserve energy and natural resources, protect the environment, eliminate harmful wastes and promote sustainable lifestyle practices.

We believe in making impactful investments, which provide tangible social and environmental benefits while simultaneously offering sustainable economic returns. The sectors which embody our vision include Renewable Energy, Energy Efficiency, Waste Management Solutions and Waste Water Management Solutions.

BIV is looking at investing $0.5million - $2million per investment on a 5-7 year tenure.

We are aiming to raise a $30 million fund.

Financial description

The fund is targeting a US$30 million corpus, with investment size in the range of USD$0.5 – $2 million in sectors Renewable Energy, Energy Efficiency, Waste Management Solutions and Waste Water Management Solutions.

14 years

of track record


the year funded

30,000,000 USD


Asset manager

Breathe India Advisors Pty.


Headquarters location:

SDG goals

SDG targets

Substantially reduce waste generation

Improve water quality, wastewater treatment and safe reuse

Universal access to modern energy

Increase global percentage of renewable energy

Double the improvement in energy efficiency

Expand and upgrade energy services for developing countries

Key performance indicators

Fund overview

Asset manager: Breathe India Advisors Pty.

Product track record: Fund has 14 years of track record

Target IRR: 5%

Committed Capital: 5,000,000 USD (US Dollar)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage: , ,

Inception year: 2009

Vintage year: n.a.

Target region: , , ,

Target close date: 01/06/2011

Product term: 10 years

Assets under management: 30,000,000 USD (US Dollar)

Investment size: Min: 500,000; Max: 2,000,000; Avg: 1,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 3%

Carried interest: 10%

Hurdle rate: 0%%

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors




Phone number: 911244546499.00

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Himanshu Vyas

Operating Partner

Karan Gupta

Founding Partner

Impact Performance


Impact thesis

BIV is focused on CleanTech based opportunities in India, through supporting social enterprises, whose primary focus is environmental and social impact, followed by rational financial returns. After 2 years of on-ground and policy research, BIV is convinced that to accomplish this target, firstly, the following sectors need to be addressed:
1. Renewable Energy: Waste to Energy solutions, eg. Biogas,bagasse, etc.; Small Hydro Power projects across the country; Off-grid renewable lighting solutions.
2. Energy Efficiency: Energy efficient technologies to be utilized across the sectors.
3. Waste Management Solutions: India's solid waste problem is piling up at an exponential rate, needing to be addressed yesterday.
4. Waste Water Treatment Solutions: In tier 2 and tier 3 cities across India, drinking water especially is becoming less localized causing direct health and economic issues for the locals.
Secondly, the other missing piece in the puzzle is the lack of access to finance in the 0.5-2.5million USD range. With a small angel network and a VC network investing >3million, enterprises are finding it hard to raise capital. BIV aims at bridging this gap.

Impact Management


Financial benchmark

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