• FOUNDING YEAR: 2010
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    9 Sep, 2019
    Company priority:
    In fund-raising mode.

Description

FOCUS

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.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
IntelleGrow provides loans to start-ups and has lent to over 100+ companies.
COMMENT
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.

PEOPLE

FOUNDERS:
Vineet Rai
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Michael & Susan Dell Foundation, Omidyar Network, Triodos Investment Management, Developing World Markets, Calvert Foundation, Overseas Private Investment Corp
KEY EMPLOYEES:
Vineet Rai (Chairman); Akbar Khan (CEO)

TRACTION

VALUATION / MARKET CAP:
$187.6 MM in 2016
VALUATION COMMENT
Approximate value
TRANSACTIONS VALUE:
$49.78 MM in 2017
COMMENT:
The company has disbursed loans of about ₹320 crore and increased the assets under management to ₹315 crore (Mar 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$24.64 Millions
DATE OF LAST FUNDING:
Jun 2016
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).

LATEST RESEARCH