Incofin India Progress Fund (IPF I)

Namdev is engaged in financing small business owners and self-employed customers with a focus on Tier III locations and beyond. Headquartered in Jaipur, the company commenced operations in Rajasthan, and has expanded into Gujarat, Madhya Pradesh and Punjab.

Qul, founded in 2019, is a Kashmir based tech-enabled integrated platform covering the entire apple value chain from orchard installation, development and maintenance to controlled atmospheric storage facilities to digital supply chain integration with the national markets, thereby empowering over 5,000 farmers in the Kashmir Valley. Qul becomes the first agtech in the region to receive global institutional capital, marking a significant milestone for the startup ecosystem of the state.

SuperZop is India’s leading vertically integrated full stack player in Indian staples. Building an efficient staples supply chain from farm to underserved retailers through a proprietary tech-based solution.

Unnati is India’s largest agri Input distribution platform digitizing the existing rural agri input supply chain and offering working capital led market linkage interventions for small processors and traders.

Sahyadri is one of India’s largest integrated platforms for fruits and vegetables (F&V). Company via its unique inclusive partnership and agri sourcing capability with farmers has built strong capability in areas of primary processing of F&V, semi-processed like frozen & aseptic, processed products like fruit jams, tomato ketchup, fruit beverages, and F&V waste processing under an integrated zero discharge processing facility.

Mufin Green is among India’s largest pure play NBFC, providing finance for climate-focussed Electric Vehicles & its’ ecosystem. Mufin Green Finance is Bombay Stock Exchange listed promoting financial inclusion for base of the pyramid segment and enabling greener last mile connectivity.

Varashakti, led by a woman entrepreneur, is a rural focused affordable housing finance company targeting the low-income group. It supports the borrowers by financing climate resilient houses in the Southern states of India and follows a phygital strategy by having physical branches combined with a robust digital platform enhancing operational efficiency.

SaGgraha Management Services is a wholly owned subsidiary of SAVE group, and it specialises in microfinance loans to empower rural communities through improving financial access.

SAVE Group is a leading rural financial services conglomerate in India, dedicated to providing accessible and high-quality financial services to underserved rural communities since its inception in 2009.

Arthan Finance provides financial support to underserved markets, fostering entrepreneurship, and driving economic growth in India. With over 17 lenders backing and more than INR 300 crores raised in debt, Arthan Finance is transforming credit access for small businesses and nano enterprises. The company is present across 35+ branches in Maharashtra, Odisha, Andhra Pradesh, and Telangana.