Our Work

Case Studies

IntelleCash Acquisition of Arohan Financial Services

In September 2012, Intellecap successfully advised Arohan Financial Services on the sale of its business to IntelleCash Microfinance Network. Arohan Financial Services is a Microfinance Institution (MFI) which provides financial services to the urban and semi-urban poor in West Bengal, Bihar, and Assam, three Low Income States in India. Arohan had operations in 93 branches across 19 districts in these States, with a loan portfolio size of approximately USD 8.4 million.

Norwest Investment in NationWide Primary Healthcare

NationWide Primary Healthcare provides personalised General Practitioner (GP) services and paediatric care to individuals, families, and corporate groups in India. The Company's primary focus is on proactive management of every day ailments and effectively managing chronic conditions. The Company plans to open 1,500 clinics across India over the next 5 years, revolutionising primary healthcare in the country.

IFC Investment in Bandhan Microfinance

In 2011, Intellecap raised USD 30 million for Bandhan, a Microfinance Institution (MFI) in India. The International Finance Corporation (IFC) was the sole investor in this transaction, and it was IFC's largest in India's microfinance sector.

Bandhan is currently the largest Indian MFI with an outstanding loan portfolio of USD 660 million. The Company provides loans, micro- pensions and remittance services to 3.8 million poor and low- income people across 18 States, including Low Income States such as Bihar, Uttar Pradesh and Jharkhand where poverty levels are the highest.

Financing Growth for Waterlife

Waterlife provides safe water to underserved populations in rural India in an affordable and sustainable manner. In 2011 Intellecap raised USD 4 million for Waterlife from Matrix Partners and Aavishkaar Micro Venture Capital Fund, two experienced venture capital investors.

Since the investment was completed Waterlife increased the number of its installations from 5 to 137, grew its Clients from 1 million to over 2.6 million and expanded into 7 Indian states. In 2012 Waterlife was selected as one of the winners of the G20 Challenge on Inclusive Business Innovation.

On the Path to Sustainability and Scale: A Study of India's Social Enterprise Landscape

In India, social enterprises have become a national phenomenon in less than a decade, with a growing ecosystem of supporting players. Yet, despite this impressive growth, little is known about these social enterprises collectively: their geographic and sector distribution, business structure, stage of development, financial viability and funding sources. Intellecap proposed to conduct a survey of this "social enterprise landscape", which was supported by the International Finance Corporation (IFC) and The Rockefeller Foundation.

Human Resource Challenges in the Indian Social Enterprise Sector

Access to capital and human resources are the top two challenges Indian social enterprises face. Already juggling to bring together capital, a viable business model and market knowledge, social entrepreneurs face human resource (HR) challenges that impact their ability to scale, become sustainable and achieve social impact. Intellecap partnered with Potencia Ventures and the International Finance Corporation (IFC) to study these issues in detail.

Exploring an enabling policy framework for supporting First Generation Enterprises

The Foreign & Commonwealth Office (FCO) of the UK supports programs to promote action on global issues in areas of strategic importance to the UK and India. FCO, through its Prosperity Fund Program, is focused on promoting sustainable global growth with the objective of long-term policy changes in key emerging economies. FCO is working with Intellecap to identify and advocate for conducive a policy framework for funding and supporting First Generation Enterprises.