Incofin India Progress Fund

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.

Aditya Bhandari


“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.”

Rahul Rai


You can meet us at our India offices


The Capital, Z-Block

4th Street, 13th Main Road

Anna Nagar, Chennai – 600 040



621, Regus Business Centre,

Level 5, SB Tower, 1A/1,

Sector 16A, Noida,

Uttar Pradesh – 201301.

News about IPF