APF-II India Holdings Private Limited

South Asia Food and agriculture, Communications and IT Services, Other consumer services, Health

Ambit Pragma Ventures is an Indian investment manager. The Mumbai-based firm specialises in growth capital and buyout investments in small to medium sized enterprises (SMEs).

Ambit Pragma Fund II (APF-II) focuses on Indian SMEs operating in the consumer goods, logistics, entertainment and leisure, healthcare, logistics, and infrastructure support sectors.

Our investment

In 2012, CDC made a $30 million commitment to APF-II as an anchor investor, alongside the IFC and German DFI, DEG. This follows our $20 million investment in APF-I in 2008.

Expected impact

India is home to a large number and diverse range of SMEs spread across the country. However, they often struggle to raise the capital they need to expand, and sometimes lack access to organisational rigour and key skills.

Our investment enabled the fund manager to provide much-needed growth capital for small and medium-sized firms in sectors which have strong potential for job creation either directly, or indirectly through the supply chain.

APF-I invested in healthcare provider Beams Hospitals and warehouse company Spear Logistics.

Environmental and social aspects

The fund manager has a well-established approach to E&S management and we will continue to support and monitor its approach as the portfolio grows.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

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.

:
Communications and IT Services, Food and agriculture, Health, Other consumer services
Website:
http://www.ambitpragma.com/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Ambit Pragma Ventures
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

:
April 2012
Amount

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.

:
$30m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Kelvin Cold Chain Logistics Pvt Ltd

Kevin Cold Chain Logistics is a cold chain transportation business providing logistics services to more than 150 customers in food service, dairy, meat and pharmaceutical sectors.

View investment details

India South Asia Food and agriculture July 2012 Active
Teamwork Arts Private Limited

Teamwork Arts creates, produces, manages and owns live events across all genres in the performing arts space, with a repertoire of over 20 festivals in more than 10 countries. Its flagship event is the Jaipur Literature Festival, rates as the world's largest free literature festival.

View investment details

India South Asia Other consumer services June 2013 Active
Vidal Healthcare Services

Vidal is a third party administration service for health insurers. It designs and administers various helath management products including corporate wellbeing programmes, health savings accounts and consumer health plans. Its network is spread over 800 cities in India.

View investment details

India South Asia Health June 2016 Active
Prime Focus Technologies

Prime Focus Technologies offers customers transformational solutions that help virtualize the content supply chain and digitally mediate enterprise workflows to manage not just content, but the business of content.

View investment details

India South Asia Communications and IT Services September 2016 Active