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HSBC, NABARD invest in digital credit infrastructure firm OPL

VCCircle

VCCircle · 4m ago

HSBC, NABARD invest in digital credit infrastructure firm OPL

HSBC and NABARD have invested in OPL, a digital credit infrastructure firm. This strategic investment aims to digitize lending processes, enhance financial inclusion, and improve credit access for underserved and rural communities in India. The collaboration intends to streamline the lending system, making it more efficient and accessible, which could significantly benefit rural populations and foster economic growth by providing necessary financial services to areas typically lacking such resources.

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NABARD acquires 10% stake in agri-fintech startup

VCCircle

VCCircle · 3m ago

NABARD acquires 10% stake in agri-fintech startup

The National Bank for Agriculture and Rural Development (NABARD) acquired a 10% stake in 24x7 Moneyworks Consulting, marking its first investment in a bootstrapped startup. The Vadodara-based agri-fintech firm operates eKisanCredit (eKCC), a digital loan platform for rural banks. This move aims to enhance transparency and efficiency in agricultural credit, benefiting small farmers. NABARD plans a nationwide rollout after successful pilots with the platform, underscoring its commitment to rural innovation.

NABARD, RBI Join Hands To Ease Digital Agri Lending

Inc42 · 1y ago

NABARD, RBI Join Hands To Ease Digital Agri Lending

The National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India's subsidiary RBIH have partnered to speed up agricultural loan processing. NABARD will integrate its e-KCC loan origination system portal with RBIH's Public Tech Platform for Frictionless Credit (PTPFC). This collaboration aims to reduce loan approval time from three to four weeks to just five minutes for India's farmers. The integration will provide cooperative banks and rural banks access to various services like digital land records, satellite data, KYC, credit history, and transliteration for more effective credit underwriting. The goal is to scale the digital lending platform to cover around 5 crore KCC loans nationwide.

Temasek-HSBC's joint $1 bn infra debt fund with India mandate taps key LP

VCCircle

VCCircle · 4m ago

Temasek-HSBC's joint $1 bn infra debt fund with India mandate taps key LP

Temasek and HSBC have launched a $1 billion sustainable infrastructure debt fund focused on India, operated by Pentagreen Capital in Singapore. This Green Investment Partnership aims to invest in infrastructure projects with environmental benefits. The fund is nearing a financial commitment from a significant limited partner, which would support its mandate to promote green projects in India's infrastructure sector, fostering sustainable development and environmentally friendly investments.

NABARD launches agriculture-focused fund with a corpus of Rs 750 Cr

YourStory

YourStory · 1y ago

NABARD launches agriculture-focused fund with a corpus of Rs 750 Cr

NABARD has launched an agri fund called 'Agri-SURE' with an initial corpus of Rs 750 crore to support agricultural startups. The fund aims to invest up to Rs 25 crore in around 85 startups by the end of its tenure. It will provide support through investments in sector-specific funds, debt Alternative Investment Funds (AIFs), and direct equity support. The fund also plans to promote IT-based solutions and machinery rental services for farmers. In addition, NABARD has launched the Agri-SURE Greenathon 2024, a hackathon to address key problems in agritech.

BPEA Credit set to raise largest fund at $750 mn, rebrands to Ascertis Credit | Mint

Livemint

Livemint · 10m ago

BPEA Credit set to raise largest fund at $750 mn, rebrands to Ascertis Credit | Mint

Asia-focused firm BPEA Credit, rebranded as Ascertis Credit, is set to launch its largest fund with a corpus size of around $750 million. The fund will target high growth sectors such as services, infrastructure, and manufacturing. India and Southeast Asia are the major markets for the firm, with its previous funds achieving high returns and over 40 exits. Ascertis Credit recently launched an income fund series focusing on stable, short-term investments in India. The firm operates in niche areas within private credit, capitalizing on gaps in high growth sectors.

PE firm Admaius Capital expands leadership team with focus on Egypt

VCCircle

VCCircle · 1y ago

PE firm Admaius Capital expands leadership team with focus on Egypt

Rwanda-based private equity firm, Admaius Capital Partners, has added a fourth managing director to its leadership team as it seeks opportunities to invest in Egypt. The firm aims to deploy capital from its $250 million fund into the Egyptian market, which it identifies as the largest market in Africa. Ahmed Rady, who joined Admaius in June 2021, has been promoted to managing director. The firm focuses on sectors such as digital infrastructure, financial services, FMCG, healthcare, and education. Admaius recently made its third investment from its fund in an Egyptian pharmaceutical company called Parkville.

Former HSBC execs launch maiden venture debt fund

VCCircle

VCCircle · 1y ago

Former HSBC execs launch maiden venture debt fund

Former executives from HSBC have launched venture debt firm VentureSoul Capital and announced the launch of their maiden fund. The firm aims to invest in companies in the new economy space across sectors. The fund, which has a target corpus of $71 million, will focus on investing in companies at the Series A or beyond stage with a proven revenue model. It has secured commitments from anchor investor Micro Labs and various individuals. The venture debt space in India has seen significant growth, with $1.2 billion raised from such deals in 2023.

Startup news and updates: Daily roundup (April 7, 2025)

YourStory

YourStory · 4m ago

Startup news and updates: Daily roundup (April 7, 2025)

The rapidly evolving gig economy in India, highlighted by platforms like Swiggy and Zomato, faces challenges such as worker moonlighting and regulatory headaches. Zepto shifts its strategy with a new Rs 1 'Daily' program, while Rapido explores fintech. Startups Vimano and Calligo secure funding to advance sustainable energy and AI technologies. EKI Energy, OPL, and Young Entrepreneurs Fund make strategic investments, emphasizing sustainability and digital inclusion. Lastly, Chanakya backs Sadbhav Future Tech's solar-powered agricultural solutions ahead of its IPO.

NIIF opens a $200 million wallet for this digital infra firm

Livemint

Livemint · 1y ago

NIIF opens a $200 million wallet for this digital infra firm

The Indian government-backed National Investment and Infrastructure Fund (NIIF) plans to invest $200 million in iBus Network and Infrastructure, a digital infrastructure company. The investment will give NIIF a controlling stake in iBus, which will use the funds to finance its expansion. The company builds digital infrastructure such as Wi-Fi connectivity within buildings and is exploring projects related to 5G, the internet of things, and Wi-Fi. NIIF's Master Fund, which focuses on infrastructure projects, closed at $2.34 billion in 2020. iBus Network is backed by Morgan Stanley Infrastructure Partners.

Digital Consulting Firm Billio Eyes INR 2,000 Cr Investment In India

Inc42 · 1y ago

Digital Consulting Firm Billio Eyes INR 2,000 Cr Investment In India

Bain Capital-backed digital consulting firm Brillio plans to invest INR 2,000 Cr (approximately $240 Mn) in India over the next five years. The company aims to double its employee count from the current 4,000-4,500 to 8,000-9,000. To expand its presence, Brillio plans to set up new centers in Indian cities like Delhi NCR and Jaipur. The investment is part of the company's strategy to achieve a revenue target of $1 Bn. Brillio focuses on digital transformation solutions, including data analytics, AI, and cloud infrastructure.

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