Insitor Impact Asia Fund Private Limited

South Asia Financial services, Education

The Insitor Impact Asia Fund invests in early-stage companies in Myanmar, Cambodia, India and Pakistan that improve access to basic goods and services for low-income communities.

Our investment

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.

Expected impact

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.

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, Myanmar
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.

:
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:
Swiss-Asia Financial Services Pte. Ltd
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
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.

:
$15m
Domicile

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

:
Singapore

Investments made by this fund

  • Active
  • Exited
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.

View investment details

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.

View investment details

Myanmar South Asia Financial services January 2017 Active
Aviom India Housing Finance January 2018 Active