Overview
Impact investing asset manager specializing in microfinance debt financing.
Founded
2001
Deals ยท 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
PolicyStreet | Jul 2026Led | $5 MSeries C | |
Techcoop | Mar 2025Participated | $70 MSeries A | |
Naked Insurance | Feb 2025Led | $40 MSeries B | |
Fido | Sep 2024Led | $30 MSeries B | |
Dvara KGFS | May 2024Led | $10 MDebt | |
Kinara Capital | May 2024Led | $24 MDebt | |
Varthana | Apr 2024Led | $10 MDebt | |
Pula Advisors | Apr 2024Led | $20 MSeries B | |
Aviom India Housing Finance | Apr 2024Led | $10 MDebt | |
FinAGG | Jan 2024Led | $11 MSeries A | |
Dvara KGFS | Jul 2023Led | $10 MDebt | |
Aye Finance | Dec 2019Led | $15 MDebt | |
PolicyStreet | Jul 2026Led | $5 MSeries C | |
Techcoop | Mar 2025Participated | $70 MSeries A | |
Naked Insurance | Feb 2025Led | $40 MSeries B | |
Fido | Sep 2024Led | $30 MSeries B | |
Dvara KGFS | May 2024Led | $10 MDebt | |
Kinara Capital | May 2024Led | $24 MDebt | |
Varthana | Apr 2024Led | $10 MDebt | |
Pula Advisors | Apr 2024Led | $20 MSeries B | |
Aviom India Housing Finance | Apr 2024Led | $10 MDebt | |
FinAGG | Jan 2024Led | $11 MSeries A | |
Dvara KGFS | Jul 2023Led | $10 MDebt | |
Aye Finance | Dec 2019Led | $15 MDebt |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Series A | 1 | 1 |
| Series B | 3 | 0 |
| Series C+ | 2 | 0 |
| Debt | 9 | 0 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| May '17 | 1 |
| Jun '17 | 0 |
| Jul '17 | 0 |
| Aug '17 | 0 |
| Sep '17 | 0 |
| Oct '17 | 0 |
| Nov '17 | 0 |
| Dec '17 | 1 |
| Jan '18 | 0 |
| Feb '18 | 0 |
| Mar '18 | 0 |
| Apr '18 | 2 |
| May '18 | 0 |
| Jun '18 | 0 |
| Jul '18 | 0 |
| Aug '18 | 0 |
| Sep '18 | 0 |
| Oct '18 | 0 |
| Nov '18 | 0 |
| Dec '18 | 0 |
| Jan '19 | 0 |
| Feb '19 | 0 |
| Mar '19 | 0 |
| Apr '19 | 0 |
| May '19 | 0 |
| Jun '19 | 0 |
| Jul '19 | 0 |
| Aug '19 | 0 |
| Sep '19 | 0 |
| Oct '19 | 0 |
| Nov '19 | 0 |
| Dec '19 | 1 |
| Jan '20 | 0 |
| Feb '20 | 0 |
| Mar '20 | 0 |
| Apr '20 | 0 |
| May '20 | 0 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 0 |
| Jan '21 | 0 |
| Feb '21 | 0 |
| Mar '21 | 0 |
| Apr '21 | 0 |
| May '21 | 0 |
| Jun '21 | 0 |
| Jul '21 | 0 |
| Aug '21 | 0 |
| Sep '21 | 0 |
| Oct '21 | 0 |
| Nov '21 | 0 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 0 |
| Mar '22 | 0 |
| Apr '22 | 0 |
| May '22 | 0 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 0 |
| Sep '22 | 0 |
| Oct '22 | 0 |
| Nov '22 | 0 |
| Dec '22 | 0 |
| Jan '23 | 0 |
| Feb '23 | 0 |
| Mar '23 | 0 |
| Apr '23 | 0 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 1 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 0 |
| Nov '23 | 0 |
| Dec '23 | 0 |
| Jan '24 | 1 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 3 |
| May '24 | 2 |
| Jun '24 | 0 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 1 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 1 |
| Mar '25 | 1 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 0 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 1 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Fintech | 14 |
| Networks, Cloud & Communication | 7 |
| Food & Agriculture | 2 |
| Professional Services | 2 |
| Developer Tools | 1 |
| Education & Workforce | 1 |
| Government & Defense | 1 |
| Enterprise Software | 1 |
| Clean Energy & Sustainability | 1 |
| Data, Analytics & IT | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 1 |
| $5M-$10M | 3 |
| $10M-$25M | 9 |
| $25M-$50M | 2 |
| $50M-$100M | 1 |
| $100M-$250M | 0 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 6 of 6 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| India | 11 |
| Vietnam | 1 |
| Kenya | 1 |
| South Africa | 1 |
| Ghana | 1 |
| Malaysia | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| FMO | 2 |
| AppWorks | 1 |
| Ascend Vietnam Ventures | 1 |
| Bill & Melinda Gates Foundation | 1 |
| Capria Ventures | 1 |
| DMGT | 1 |
| Germany | 1 |
| Hesabu Capital | 1 |
| Hollard | 1 |
| IFC | 1 |
| Impact Investment Exchange | 1 |
| Incofin | 1 |
| International Finance Corporation | 1 |
| Omnivore | 1 |
| Prime Venture Partners | 1 |
| SIDBI | 1 |
| Tata Capital | 1 |
| TNB Aura | 1 |
| Triple Jump | 1 |
| Yellowwoods | 1 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 15 | 94% |
| Participating | 1 | 6% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 10 | 67% |
| Co-led | 5 | 33% |
Team
Investment Manager
Co-Founder & Chairman
Senior Investment Officer
Investment Director
