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IVCA GreenReturns Summit lays out India’s climate investment roadmap

EntrackrEntrackr · 4d ago
IVCA GreenReturns Summit lays out India’s climate investment roadmap
Medial

The Indian Venture and Alternate Capital Association’s (IVCA) GreenReturns Summit 2025 concluded its two-day event, bringing together investors, policymakers, climate innovators and industry leaders to discuss India’s climate priorities and the investment pathways required for a resilient, low-carbon future. The summit showcased India’s climate-tech ecosystem through startup presentations, sector deep-dives and discussions on financing instruments for clean energy, climate resilience and industrial decarbonisation. Investors and founders emphasised the need for stable policies, demand-side efficiency solutions and innovations that reduce the energy intensity of growth. The gathering also highlighted India’s approach to sequencing climate action by prioritising resilience, strengthening domestic capabilities and leveraging innovation to drive a transition that supports economic growth, job creation and sustainable development. The IVCA GreenReturns Summit 2025 served as a call for collaborative efforts between the government, industry and investors to build a climate-resilient, future-ready India. During the summit, SBI Ventures announced plans to launch its third climate-focused fund early next year. The fund will invest in early-stage and growth-stage climate startups, particularly those working on frontier climate technologies and AI-enabled climate innovations. The objective is to unlock new avenues of green growth and position India as a climate-solutions hub for the Global South. On the second day, Sundaram Alternates unveiled its ESG and Impact Report 2024–25, which presents a comprehensive view of the firm’s real estate private credit portfolio, its ESG integration practices, measurable environmental and social outcomes and the expanding role of private capital in accelerating India’s sustainability transition. In one of the sessions, Shri Pramod Rao, former Executive Director of SEBI and former member of IFSCA, spoke about how India’s financial markets are entering a transformative phase, where green bonds, social bonds and other impact instruments are becoming critical for mobilising private capital towards sustainability goals. The Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. The association is committed to supporting the ecosystem by facilitating advocacy with the Government of India, policymakers and regulators. It represents more than 500 funds with a combined AUM of over 350 billion dollars. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, credit and venture debt, among others.

Decoding Auxilo’s latest funding round, captable and valuation

EntrackrEntrackr · 1y ago
Decoding Auxilo’s latest funding round, captable and valuation
Medial

Education-focused non banking financial corporation (NBFC) Auxilo recently announced its Rs 279 crore or $33.6 million equity funding in LeapFrog through its investment vehicle Jade Inclusion Ltd. Apart from the names of the investors, the company did not disclose any details. Entrackr has gone through its regulatory filings to decode details such as round break up, shareholding, and current valuation. The board at Auxilo has passed a special resolution to allot 4,80,78,529 compulsory convertible preference shares (CCPs) at an issue price of Rs 58.04 each to raise Rs 279 crore or $33.6 million, its regulatory filing sourced from the Registrar of Companies shows. LeapFrog led the round with Rs 250 crore while Trifecta and Xponentia Opportunities Fund II pumped in Rs 14.25 crore and Rs 14.79 crore. respectively. According to the filings, the company will use the proceeds to meet its future capital requirements arising out of the growth of business and assets. As per TheKredible estimates, the company has been valued at around Rs 3124 crore or $376 million post-allotment. Following the proceeds, Balrampur Chini Mills (owned by Vivek Saraogi) and Elme Advisors will be the largest external stakeholders with 30.7% each followed by Tata Capital and ICICI Bank which hold 09.61% and 8.49% respectively. Check TheKredible for the complete shareholding. Auxilo has raised around $145 million across equity and debt since its inception including its $57 million funding round led by Tata Capital Growth in July last year. Soon after the equity funding, the company also raised $12 million debt led by Dezerv Securities early this week. Entrackr exclusively reported the development. Established in 2017, Auxilo offers student loans for pursuing education within India or abroad. It also extends loans to educational institutions for infrastructure and working capital requirements. The New Delhi-based company demonstrated strong financial performance, achieving over 2X year-on-year growth to reach Rs 174 crore in FY23. Moreover, its profits doubled to Rs 26 crore in FY23. The company is yet to file its annual results for FY24. LeapFrog mainly focuses on financial, health, and climate tech startups. Apart from Auxilo, the fund led Battery Smart’s $65 million Series B round and $48 million round of Electronica Finance.

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