Ascent India Fund III

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

South India-focused growth equity fund which invests across consumer, technology, healthcare, education, infrastructure, and financial services.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

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, Education, Financial services, Food and agriculture, Health, Infrastructure, Other consumer services
Investment type

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

:
Intermediated investment
Fund manager:
Ascent Capital Advisors 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

:
August 2009
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.

:
$25m
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
GMR Energy Limited / Skyron Eco Ventures (GMR Infrastructure)

GMR Energy Limited (GEL), is the subsidiary of GMR Infrastructure Limited, and is focused on energy assets of the group. GEL has 3 operational plants aggregating to about 820 MW and 10 projects under construction/development.

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India South Asia Infrastructure May 2010 Active
IVRCL Assets & Holdings Ltd

IVRCL Assets & Holdings is a subsidiary of IVRCL Infrastructure & Projects. It is involved in various infrastructure segments including road, water and oil tankage facilities across India.

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India South Asia Infrastructure November 2010 Active
Karaikal Port Private Limited

Karaikal is an SPV promoted by Chennai based Marg Limited. It owns a port that has been developed about 320km south of Chennai on the eastern cost of India under a 30 year BOT concession.

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India South Asia Infrastructure September 2011 Active
Supermarket Grocery Supplies Private Limited (Bigbasket.com)

BigBasket is India's first comprehensive online grocery store targeting urban consumers.

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India South Asia Other consumer services February 2012 Active
iNurture Education Solutions

i-Nurture provides degree courses that impart practical and up-to-date skill sets that meet industry needs along with a strong theoretical base.

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India South Asia Education July 2012 Active
RBL Bank Limited

India’s Ratnakar Bank (RBL Bank) is one of India’s fastest growing private sector banks. It specialises in financial inclusion, agribusiness financing and lending to small and medium-sized enterprises (SMEs). Founded in 1943, RBL Bank was traditionally concentrated in Maharashtra, Karnataka and Goa. In 2010, however, a new management team was brought in to pursue a strategy to expand beyond the bank’s western India roots. It currently services over 3.98 million customers through a network of 247 branches spread across 20 Indian states and Union Territories.

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India South Asia Financial services January 2013 Active
Skanray Technologies Private Ltd

Skanray Technologies was founded in 2007 and manufactures medical equipment such as patient monitoring systems, high-frequency X-rays, ICU ventilators and ECG machines.

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India South Asia Health August 2013 Active
Maiyas Beverages and Foods Pvt Ltd

Maiyas is a Bangalore-based food manufacturing company that produces snacks, cold drinks, mixes, spices and frozen foods.

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India South Asia Food and agriculture March 2014 Active
Sequent Scientific (Alivira Animal Health Ltd)

Alivira is a joint venture between Shasun Pharma and Sequent Scientific and is engaged in developing, manufacturing and marketing of animal health products and formulations.

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India South Asia Health April 2014 Active
Vizury Interactive Solutions Pvt Ltd

Vizury is a Bangalore-based digital CRM platform enabling online businesses to engage with customers through personalised marketing solutions and has clients across a variety of sectors including e-commerce, healthcare, financial services and travel/hospitality.

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India South Asia Communications and IT Services June 2014 Active
Radiant Cash Management Services

Radiant Cash Management Services is expanding its services across India and serves over 23,000 pick-up and delivery points across 2,500 locations.

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India South Asia Financial services January 2015 Active
Robosoft Technologies Pvt Ltd

Robosoft Tecnhologies is an Indian information technology company, founded in 1996, which provides software product development services.

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India South Asia Communications and IT Services April 2015 Active
Talwalkars Better Value Fitness

Talwalkars Better Value Fitness Ltd is India's largest fitness chain, with over 150 gyms across 80 cities offering a diverse set of services including gyms, spas, and health counselling. Talwalkars pioneered the concept of organised fitness centres in India, setting up the first centre in Mumbai in 1932.

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India South Asia Other consumer services June 2015 Active