IntelleGrow Finance provides debt finance and skills support to small and growing businesses in India
PRODUCTS & SERVICES:
SME Financing - lends to small and growing businesses with positive social or environmental impact, across 6 sectors (agricultural supply chain, clean energy, education, financial inclusion, affordable healthcare, water & sanitation)
It aims at addressing unique challenges faced by small and growing businesses seeking to create social or environmental impact.
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IntelleGrow provides loans to start-ups and has lent to over 100+ companies.
Unlike traditional collateral-based lenders, IntelleGrow lends primarily on the basis of business viability and cash flow and offers loans customized to the particular needs of each business.
NUMBER OF EMPLOYEES:
Michael & Susan Dell Foundation, Omidyar Network, Triodos Investment Management, Developing World Markets, Calvert Foundation, Overseas Private Investment Corp
Vineet Rai (Chairman); Akbar Khan (CEO)
VALUATION / MARKET CAP:
$187.6 MM in 2016
$49.78 MM in 2017
The company has disbursed loans of about ₹320 crore and increased the assets under management to ₹315 crore (Mar 2017).
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company is planning to raise $100 million through a combination of debt and equity in the next 12 months (Apr 2017).