India Financial Inclusion Fund (IFIF), launched in August 2008 by Caspian Impact Investment Advisor Private Limited, is an equity fund that invests in Indian microfinance and housing finance.
While the fund’s commitment period ended in October 2012, it made 12 equity investments in total. 3 of the 10 micro finance investments were awarded small finance bank licences and the 2 investments in affordable housing finance are companies that are market leaders today. A majority of the portfolio companies have obtained a Platinum Impact Business Model rating from GIIRS.
About Graymatterscap
Gray Matters Capital (GMC) is an Atlanta based impact investor with a gender lens that is on a mission to “Find a more purposeful life for 100 million women by 2036." Aligning with its mission is its strategy of making sector agnostic investments globally in for-profit enterprises whose products and services benefit women and girls at scale.
GMC sees education, primarily catering to under-resourced and low and middle income sections of the society, as a powerful tool to bring about gender equality and social equity. Over the past 12 years, it has focused on supporting the education ecosystem India by funding for-profit enterprises in the ‘learning to earning’ space, besides being pioneers in establishing the school finance industry catering to low cost private schools in India with Indian School Finance Company (ISFC); Pakistan with the set-up of Taleem Finance Company Ltd (TFCL), in addition to Nigeria (with EdFin Microfinance Bank).
GMC has till date funded over 80 enterprises across the world to the tune of US$ 125 million.
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