Venture Intelligence (TSJ Media Pvt. Ltd.)
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Incofin's India Progress Fund announces first close at Rs.450-Cr
Incofin IM announced the first close of the India Progress Fund (IPF) at INR 450 crore. The fund will make private equity investments in the agri food value chain and financial services in rural India. The committed capital comes from a diverse set of private and institutional investors including CDC, Proparco, Korys, BIO, and several Belgian family offices and foundations. IPF will focus on two sectors - financial inclusion and the agri-food value chain - and will support entrepreneurs through patient capital, mentoring and access to a global network. The fund shall focus on minority investments with an investment size of INR 25-70 crore.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.