Incofin Investment Management, a leading global emerging markets impact investment fund manager, announces the sale of its remaining stake in Annapurna Microfinance to a consortium of Annapurna shareholders led by Oikocredit and Bamboo Financial Inclusion Fund.
India, 4 February 2019 – Incofin Investment Management, a leading global emerging markets impact investment firm, is pleased to announce the arrival of Rahul Rai as a new Partner of Incofin in India.
Incofin Investment Management, a leading emerging markets impact investment firm, announces the sale of its remaining equity stake in Fusion Microfinance to Warburg Pincus, bringing an end to a successful eight year partnership. Established in 2010 and headquartered in New Delhi, Fusion focuses on servicing unbanked women living in the rural and semi-urban areas of northern and central India.
Incofin Investment Management is pleased to announce a full exit from Annapurna Finance, India with its Rural Impulse Fund II (RIF II). Together with SIDBI Venture Capital Incofin decided to fully sell a total 12,5 % holding for approximately Rs 90 crore, putting the valuation of India’s eight largest microfinance company at Rs 850 crore.
P2P platform Faircent recently raised Rs 25 crore (3.9m USD) in a funding round, led by Incofin Investment Management, which saw participation from all of Faircent’s existing investors – JM Financial, 3one4 Capital, M&S Partners Pte Ltd, and Aarin Capital – as well as six new investors.
During her State Visit to India, Queen Mathilde of Belgium visited Incofin CVSO investee, Fusion Microfinance. Queen Mathilde not only met with Fusion staff, but also engaged with some of its clients (100% female entrepreneurs ), who shared their experiences of how the micro credit loans offered by Fusion has helped transform their lives.