VENTUREAST PROACTIVE FUND II TRUST
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Ventureast Proactive Fund II is a follow-on fund of Ventureast Proactive Fund which is managed by Ventureast team, one of the most long-lasting teams in India with expertise in technology.
What is our funding objective?
The Fund will invest in early stage companies addressing the needs of India's under-served market with technology as the primary enabler. The Fund will focus on investments in technology around 3 main themes: SMEs, Rural/Semi-Urban and Consumer-oriented solutions. FMO, CDC and Obviam/SIFEM are investors at first close. The Fund size reached USD 45 million at first close. More investors are expected to come in before the final close in 2017.
Why do we fund this investment?
The Fund aims to invest in early stage companies targeting the emerged consumer group in India which is just below the middle class. The emerged consumer group represents Indian households with annual gross income between USD 3.300 and USD 7.400, and accounts for 36 percent of the Indian population. The investment strategy has potential by reaching the mass consumer in India and servicing their needs. Considering the large and growing population of India, digital solutions are the fastest and most efficient way to create a middle class in India. Financial technology, digital health, educational technology, mobile internet are a few examples of the Fund's focus.
What is the Environmental and Social categorization rationale?
Due to a tech focus of the Fund, the investment's E&S risk is categorized as B.
Sub investments
Disclaimer
This data is updated annually so some investments might no longer be in FMO’s portfolio, while some newer investments may not yet be shown.
| Name | Country | Region | Sector |
|---|---|---|---|
| Autoverse Mobility Private Limited | India | ASIA | Diverse Sectors |
- Region
- Asia
- Country
- India
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 8/31/2016
- Total FMO financing
- USD 12.86 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B