The Economic Times reports that The Aavishkaar Social Venture Fund recently sold its stake in Rangsutra, an artisan-owned handicrafts company providing handicrafts to Fab India. The 23% stake earned a 42% internal rate of return (IRR) on an investment of Rs 22 lakh made in 2007.

Vineet Rai, founder of Aavishkaar, has already made two partial exits from Servals Automation, a rural energy solutions provider (at 65% IRR) and Shree Kamdhenu Electronics, an electronic milk collection services company (at 43% IRR).

The article takes a brief but honest look at the tensions between generating a financial return and satisfying investors and serving the needs of the underlying investments and these organisations’ beneficiaries.

The article can be read here.

To find out more about Aavishkar click here.