CDC’s Impact Fund committed a total of $15 million to Insitor Impact Asia Fund, bringing the total fund size to $33 million. The remaining $18m was raised from private investors.
Lack of early-stage capital is a key barrier to the growth of early-stage businesses in Insitor’s target geographies, especially Pakistan and Myanmar.
Our investment enables Insitor to back promising businesses that provide essential goods and services to low-income households in sectors such as education, agriculture, energy, water, healthcare, and financial services where there is a large, unmet demand.
Insitor’s first investment was in EduBridge, a company that provides low-cost education and training to transform the lives of unemployed youth in rural and semi-urban areas of India.
The funds were used to expand EduBridge’s operations to the states of Gujarat, Odisha, Jharkhand and Bihar, and to strengthen its operations.
Insitor has also invested in Delhi-based Aviom India Housing Finance, which provides affordable housing loans to low-income individuals and families.
In addition to providing capital, the fund manager provides investee companies with the hands-on support they need to scale up.
Environmental and social aspects
We have worked closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS) for this first-time fund.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Education, Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Insitor Partners Private Limited.
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- December 2015
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
Investments made by this fund
|Investment name||Country||Region||Sector||Start date||Status|
Edubridge Learning Pte. Ltd
Edubridge is in the business of providing vocational training and placements for students into the corporate sector in the semi-urban areas of India.
|India||South Asia||Education||February 2016||Active|
Alliance for Microfinance in Myanmar Limited
Alliance for Microfinance in Myanmar provides loans and savings products to micro business owners in the Mandalay region.
|Myanmar||South Asia||Financial services||January 2017||Active|
|Aviom India Housing Finance||January 2018||Active|
|Aashiyaan Housing and Development Finance Pvt Ltd||April 2018||Active|
|Khmer Water Supply Holding Co. Ltd. (KWSH)||July 2018||Active|
|Solar Home Pte Ltd||July 2018||Active|
Boost Capital Private Limited
Boost built the first end-to-end digital microfinance institution in its pilot market of Cambodia and had distributed over $350,000 in loans (both secured and unsecured). With a medium-term goal of expanding regionally, Boost’s vision has been to provide lower cost, more convenient financial services to ASEAN’s unbanked and underbanked population.
|Cambodia||South Asia||Financial services||May 2019||Active|
Disha Medical Services Private Limited
Disha Medical Services Private Limited provides health care services. The Company offers laser, perimetry, surgical, and other health care services. Disha Medical Services serves patients in India.
|India||South Asia||Health||May 2019||Active|