CDC has made a $40 million equity investment in Supermarket Grocery Supplies Pvt Ltd (“SGSPL”), owner of the BigBasket brand, India’s leading online wholesale grocer. CDC’s capital investment will help SGSPL create more impact within the communities that it operates whilst driving further growth in its core business.
CDC is supporting job creation in SGSPL’s supply chain, with a focus on the employment of disadvantaged communities. We will help the organization support the economic empowerment of its local supplier farmers as it guarantees fair pricing and provides production and quality crop training. Our capital will directly contribute to a substantial projected increase in smallholder farmers supplying the Bigbasket brand, thereby boosting local income creation and living standards.
Environmental and social aspects
CDC is supporting the company to develop Environmental Health and Safety risk management procedures across their operations (and supply chains), increase organic and sustainable food production within their farmer network and support in transitioning their delivery fleet to electric vehicles.
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.
- Other consumer services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- 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 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.