Swiss Investment Fund
for Emerging Markets

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Growth Catalyst Partners

Since its creation, Lok’s mission has been to support India’s underprivileged and underserved populations, including those in rural and remote areas, via investments in small and medium-sized enterprises (SMEs) focused on financial inclusion. Lok III is a continuation of this mission and core investment theme, with an expanded focus to also include the affordable healthcare, and, agribusiness sectors.

Growth Catalyst Partners

Since its creation, Lok’s mission has been to support India’s underprivileged and underserved populations, including those in rural and remote areas, via investments in small and medium-sized enterprises (SMEs) focused on financial inclusion. Lok III is a continuation of this mission and core investment theme, with an expanded focus to also include the affordable healthcare, and, agribusiness sectors.

About the fund

India is home to 21% of the world’s unbanked adults. Increased formal financing for SMEs active in the financial inclusion sector is needed for India’s fundamental long-term growth. SMEs targeted by Lok III range from Non-Bank Financial Companies (financial institutions which do not have a full banking license, and cannot take deposits, but which can facilitate other financial services) to Small Finance Banks (which can also take deposits), as well as other companies in the financial inclusion sector such as speciality financing or digital finance. Support for these innovative companies targeting inclusion naturally allows greater reach to the previously underserved population.

Lok III also targets innovative companies focused on creating access to affordable and high-quality healthcare products and services. Only 20% of the Indian population is covered by a medical insurance, with the affordability of healthcare services being critical for the majority of the remaining 80%. The Fund’s financing supports access in underserved regions to high-quality affordable clinical services and healthcare-related financial services such as savings or insurance-related platforms. With its investment of USD 8m in Lok III, SIFEM supports an investment which targets the high impact sectors of financial inclusion, healthcare and agribusiness in India.

Investments by the fund

             
Date Name Country Industry Status
2021 Company 1 India Other financial services Active
2021 Company 2 India Insurance Active
2021 Company 3 India Banking Active
2021 Company 4 India Other financial services Active
2019 Company 5 India Farming, fishing and plantations Active
2017 Company 6 India Healthcare services Active
2016 Company 7 India Food products and beverages Active
2017 Company 8 India Other financial services Active
2019 Company 9 India Food products and beverages Active
2019 Company 10 India Insurance Active
2017 Company 11 India Banking Active
2018 Company 12 India Other financial services Active
2016 Company 13 India Banking Active
2017 Company 14 India Other financial services Active
2021 Company 15 India Farming, fishing and plantations Active
Reference code
2016-07
Status
Active
Date of commmitment
December 2017
Date of exit
-
Fund size
USD
87,000,000
SIFEM commitment
USD
8,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund

Target focus

Agribusiness, Aquaculture, Forestry
Financial Services
Healthcare
Fund manager
Lok Capital