Investing funds in local SMEs - Proposed transaction - Ankur Capital Fund II
ACF II will provide capital to early stage businesses in India, many of which are underserved in terms of their finance options or are off the radar of more traditional impact investment Funds. The Funds strategy has a bias towards companies that will benefit rural populations by providing tech-oriented products and services in agriculture, healthcare and education.
DGGF is investing into the Fund in its First Close, ensuring a minimum viable fund size achieved and creating a platform for further fundraising, with the objective of catalysing more investors to the sector. It is estimated that ACF II will generate around 950 jobs over the life the of the fund, and ultimately create long lasting impact via the businesses that continue into the future.