press release - intellegrow announces capital raise of inr 134 cr - june 14 2016

7/26/2019 Press Release - IntelleGrow Announces Capital Raise of INR 134 Cr - June 14 2016

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Largest Indian Venture Debt frm announces Series-C raise

IntelleGrow announces capital raiseo INR 1! Crore "#S $ %&mn'

()D*R+,+D .une 1! %&1/: Mumbai based IntelleGrow announced fund raise ofRs.134 crore in Equity and long term debt from Triodos !e"elo#ing $orld Mar%ets&!$M' (midyar )etwor% &()' *al"ert +oundation and ("erseas ,ri"ateIn"estment *or#oration &(,I*'. IntelleGrow is India-s largest "enture debt rm.

IntelleGrow #romoted by Intelleca# grou# is a lending #latform #ro"iding cas/ 0owbased debt #roduct to early stage /ig/ ris% /ig/ growt/ underban%ed com#anies inIndia. *once#tualied by Intelleca# as a #ioneering initiati"e in t/e Im#act 2enture!ebt stage for Micro mall and Medium enter#rises Intellegrow /as recei"edsu##ort from t/e /ell +oundation bot/ nancially andstrategically during its early years. (midyar )etwor%&()' and Mic/ael and usan !ell +oundation &M!+'

#artici#ated in earlier ca#ital raise for IntelleGrow-s.

Vineet Rai C0airman o IntelleGrow said Indianearly stage ecosystem has been starved of quality debt

providers who could oer cash ow based lending.IntelleGrow pioneered this concept with an impactthesis and the current fund raise would allow us to

provide substantial funds to start up ecosystem inIndia.

IntelleGrow /as so far funded 155 enter#rises across"arious emerging t/emes and its #ortfolio includecutting edge tec/nology startu# suc/ as E!EM6* 6TMmanagement com#any Electronic ,ayment ystem ando#/t/almologic com#anies suc/ as E7E89. T/e uniquemodel of IntelleGrow encom#asses funding to t/eenter#rises at all stages of Growt/ bot/ directly and indirectly.

IntelleGrow is one of t/e few 2enture !ebt rms across t/e world t/at /as le"eragedt/eir balance s/eet at t/eir nascent stage. It /as borrowings from 11 lenders including two +oreign ,ortfolio In"estors &+,Is'.

Nitin +garwal Deput C0ie *2ecuti3e 45cer o IntelleGrowsaid We aredelighted to have reputed global investors such as Triodos and W! "oin us tosupport our mission. We believe our emerging partnership with #$I% and %alvert&oundation will strengthen our ability to support more enterprises in India.

T/is fund raising comes in t/e bac%dro# of t/rust on Ma%e in India cam#aignbesides t/e tart8u# India and tand8u# India also creating an ecosystem #ro;ectedto furt/er im#ro"e t/e G!, contribution and em#loyment generation by early8stageenter#rises in India.

Venture Debt refers to

lending to startups, earlystage, emerging and growth

enterprises. This requires

deeper credit assessment than

traditional lending to SMEs.

A more rigorous due

diligence helps to get an

understanding of business

models, alue chains, growth

challenges and theentrepreneur!s ability to

charter the business throughthese uncertainties.


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+bout IntelleGrowIntelleGrow was ser"es t/e 55> t/e 6a"is/%aar and Intelleca# Grou# /a"e directed = A B55 Million ofca#ital to entre#reneurs wor%ing on suc/ c/allenging #roblems sustainably t/roug/ equityfunds "enture debt "e/icle micronance lending or in"estment ban%ing intermediation.Intelleca# #ro"ides a broad range of *onsulting Researc/ and In"estment Can%ing er"ices.

+bout De3eloping 6orld 7ar8ets

!e"elo#ing $orld Mar%ets &!$M' is an asset manager and in"estment ban% dedicated toma%ing socially #ositi"e in"estments in order to #romote sustainable economic and socialde"elo#ment on a global scale. !$M #rimarily in"ests in inclusi"e nancial institutions&I+I)s' including micronance institutions &M+Is' small and medium enter#rise &ME'lenders aDordable /ousing and education lenders and mobile ban%ing ser"ice #ro"iders.!$M /as made in"estments and underwritten transactions in more t/an 45 countries acrossfour continents.

+bout 9ridosTriodos In"estment Management C2 a w/olly owned subsidiary of Triodos Can% manages 1sustainable in"estment funds w/ic/ includes bot/ Tridos +air /are +und F TridosMicronance +und wit/ a total "alue of A3. billion dollar. Triodos In"estment Management isa global leader in im#act in"estment and a founding member of t/e Global Im#act In"esting

)etwor%. T/e funds s#an a broad range of sectors including Energy and *limate 6rts and*ulture ustainable +ood and 6griculture Emerging Mar%ets and ustainable Real Estate.

+bout 4midar Networ8(midyar )etwor% &()' is a #/ilant/ro#ic in"estment rm dedicated to /arnessing t/e #owerof mar%ets to create o##ortunity for #eo#le to im#ro"e t/eir li"es. Establis/ed by eCayfounder ,ierre (midyar and /is wife ,am () in"ests in and /el#s scale inno"ati"eorganiations to catalye economic and social c/ange. () /as committed more t/an A?4million to organiations t/at foster economic ad"ancement and encourage indi"idual#artici#ation across multi#le initiati"es including entre#reneurs/i# nancial inclusion#ro#erty rig/ts go"ernment trans#arency consumer Internet and mobile.

+bout 43erseas :ri3ate In3estment Corporation "4:IC'("erseas ,ri"ate In"estment *or#oration &(,I*' is an =.. Go"ernment-s de"elo#mentnance institution. (,I* mobilies #ri"ate ca#ital to /el# address critical de"elo#mentc/allenges in order to raise t/e industry and regional standards in more t/an 1B5 countriesworldwide. (,I* #ro"ides in"estors wit/ nancing #olitical ris% insurance and su##ort for#ri"ate equity in"estment funds w/en commercial funding cannot be obtained elsew/ere.

+bout Cal3ert Social In3estment ;oundation*al"ert ocial In"estment +oundation Inc.Hs &*al"ert +oundation' is community de"elo#mentnancial institution &*!+I' t/at was incor#orated wit/ a mission to maimie t/e 0ow of


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ca#ital to disad"antaged communities in order to create a more equitable and sustainablesociety. Cy creating inno"ati"e nancial #roducts and ser"ices *al"ert +oundation ma%es it#ossible for anyone not ;ust institutions to in"est in nancial instruments t/at directly ser"ecommunities.

;or urt0er details please contactB?4 su%/maniKt/e8#ractice.net
mailto:[email protected]:[email protected]:[email protected]:[email protected]

press release - intellegrow announces capital raise of inr 134 cr - june 14 2016

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