Aspada

Aspada is an investment firm providing growth capital and strategic support to small and medium-sized enterprises in India. It focuses on seed and early-stage equity in critical sectors like food supply chains, healthcare, education, and financial services. The firm backs commercially scalable businesses that deliver both financial returns and positive impact for underserved populations.

Aspada Investment Advisors was co-founded by Thomas Hyland in 2010. This advisory firm managed the Aspada holding company, which the Soros Economic Development Fund formally established in 2013. Hyland and his team identified a critical market gap: a shortage of patient capital for Indian businesses driving economic growth and improved livelihoods for lower-income segments.

Aspada’s portfolio companies serve diverse customers across India, especially those in underserved communities benefiting from essential services. The firm's vision is to foster sustainable, high-impact businesses that create jobs, improve livelihoods, and contribute to broad economic inclusion. Aspada aims to demonstrate that deep social impact is achievable through viable, scalable commercial models.