Caspian looks to invest up to Rs 500 cr in startups this year

Impact investment agency Caspian is wanting to practically double its debt investments in startups to round ₹500 crore this fiscal year, with a key shift in focus in the direction of ventures led or owned by girls.

The Hyderabad-based investor, which at present has round ₹550 crore of funds out there at its disposal, can even give attention to ventures which give services and products which are non-discretionary, like agri-business, clear power, training, well being and microlending, that are among the many least impacted by the Covid-19 pandemic.

Caspian’s new investments fell in the just-ended fiscal year to ₹344 crore, from ₹424 crore in 2019-20 and ₹392 crore the year earlier than, with hardly 5 months of energetic operations amid the pandemic. Cumulatively, it has invested round ₹2,000 crore as debt in 154 companies.

“We have raised tier-II capital of ₹57 crore at the end of last year from US-based International Development Finance Corporation and we now have enough liquidity of around ₹550 crore, both impact debt and venture debt put together,” managing director S Viswanatha Prasad advised ET.

Apart from wanting to considerably enhance debt investments in the course of the present fiscal year, Caspian can also be eying fairness investments of round ₹75-100 crore in 3-4 ventures at a mean of ₹25-30 crore every, principally in monetary companies and clear power segments. “This year, Caspian will put a significant push as a category towards lending to women-owned and women-managed businesses or businesses into products and services focusing on women,” Prasad stated.
Its goal is to make round 40% of latest funding in such companies, up from round 10-12% cumulative to date.

Learning from experiences in the course of the Covid-19 pandemic, the impression investor has additionally determined to invest principally in ventures whose fortunes usually are not depending on discretionary spending.

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