According to reports, Intellecap, an Indian social sector advisory firm, has launched I-cube N (Intellecap, Impact Investor Network), a platform for HNWIs and corporate houses keen to invest in social enterprises.
Said Anurag Agrawal, co-founder and senior vice-president (investment banking) of Intellecap, “In the first phase of the initiative, we will try to bring on board 15-20 committed investors who have the capacity to invest $1-2 million. The kind of transaction we are expecting during series A and series B funding will be in the range of $2-3 million. Also, we are expecting 5-6 transactions a year. It will be typically an investment banking transaction, especially in sectors like agriculture, clean energy, education, healthcare, financial inclusion (without microfinance),” said Agrawal.
For this initiative, Intellecap has already partnered with a few investment firms like Singapore-based Impact Investment Exchange and UK-based Shell Foundation. “We are going to make several pitches to investors and organisations like the Indian Angel Network and the Tonic Group (it operates in the USA and Europe) have already expressed their interest,” said Agrawal.
Shell Foundation in India aims to create solutions to Global poverty and environmental challenges linked to energy and globalisation.
The foundation in the past has backed companies like d.light design that we have talked about often here at Panchabuta, which has followed a traditional “rural cleantech 1.0 ” approach. They have also funded companies like Husk Power Systems which are focused on “rural cleantech 2.0” distribution and scale approach.
With the ticket size that is being talked about by Intellecap, it is probable that they would be looking at rural offgrid solutions including solar and early stage distributed or microgrid opportunities such as biomass and hybrids.