Investment Summary

Deal Flow




Financial Inclusion


Technology for Development

Other Sectors

Interesting Reads for the Month

Five things to learn from Ikea Foundation & Acumen's partnership to end energy poverty


Aavishkaar Capital has closed in excess for INR 1,000 crores (c.US$ 130 Million) for its eighth overall impact fund.


Geeta Goel and Hardika Shah conversation on how to stir up nano entrepreneurs


Omidyar Network India’s Healthcare Strategy


NBFC firm Kogta Financial raises $111M in Series D round


The State of Fundraising in Agtech



Our research effort at the India Impact Investor Council (IIC), in collaboration with Northern Arc Capital and TransUnion CIBIL, is an attempt to build a strong data backed analytical framework to understand the performance and challenges of small and medium sized Impact NBFCs in greater detail. The report focuses on the emerging class of non-MFI NBFCs, especially those that focus on segments such as micro, small and medium enterprise (MSME) loans, auto and vehicle finance, and other BoP credit sectors. NBFCs with a portfolio size of 75% of the portfolio have been included in the research as Impact NBFCs. Through this data driven approach, we intend to showcase the performance of such NBFCs, their contributions to the socio-economic development of India and the challenges they face.


About Impact Investors Council:
Impact Investors Council, India (IIC) is a member-based national industry body formed with an objective to build and strengthen the impact investing eco-system in India. To know more about our work visit or reach out to

Disclaimer: Data and Information in this newsletter is made available in good faith with the exclusive intention of helping market and ecosystem players, policymakers and the public build a greater understanding of the Indian impact investing market. The data is collated from sources believed to be reliable and accurate at the time of publication. Readers are urged to exercise independent judgment and diligence in the usage of this information for any investment decisions

Some of the information provided in this newsletter is supplied by third parties. It is important that all users understand that third party information is not an endorsement of any nature and has been put together with the sole purpose of benefiting stakeholders.