CDC’s investment will allow the fund will make seed-stage investments in c.20 early-stage enterprises primarily in healthcare and agriculture as well as digital inclusion sectors. Ankur Capital seeks companies that will have “structural impact” by addressing bottlenecks and market failures in their target sectors and which can improve socio-economic outcomes for underserved populations. For example, Niramai in Ankur’s first fund addresses a lack of skilled radiologists by providing AI powered imaging solutions, which can improve diagnostics and ultimately result in better healthcare outcomes.
Poor (rural, typically small-scale farmers with 2-10 hectares).
Low-income (urban and peri-urban population, typically spending 60-90% of their income on essential consumption, with little or no savings, but are increasingly digitally connected).
To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.
Environmental and social aspects
We worked closely with the fund manager to develop and implement an Environmental and Social Management System (ESMS).
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Ankur Capital
- 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 2019
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.