India as an impact investment destination holds great promise. It is a country with an aspirational, young population focused on enriching their lives through hard work and entrepreneurship.
The Incofin India Progress Fund (IPF), wants to support these promising entrepreneurs to increase their chances of success through patient capital, mentoring and access to a global network. IPF will focus on two sectors which make the deepest social impact in the Indian context – financial inclusion and the agri-food value chain.
Incofin India Progress Fund (IPF) is a SEBI Registered Alternative Investment Fund – Category II. IPF had its first close in July 2021. The Fund will provide early growth to mid expansion equity to entrepreneur-led businesses that have a high potential for value creation in India and are active in the Financial Services Sector, the Agri-Food Sector and Other Impact Sectors.
IPF is looking to support companies that are entrepreneur led with innovative and technology-based business models and creating tangible and sustainable impact(social and environmental).
“Incofin has first-hand practical rural market experience. Success from microfinance shall be carried forward to the large unmet missing middle. IPF shall back entrepreneurs aiming to challenge the status quo, in the process to transform from informal to formal market setup.”
“The modernisation of the agri value chain is an underinvested sector in India with significant potential for rural impact and for creating meaningful enterprises. We are grateful to our investors for enabling us to execute this investment strategy.”
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.
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.