IntelleGrow Achievements

IntelleGrow is an emerging lender of early-stage SMEs in India. It is demonstrating that an unsecured, viability-based approach to lending to Small and Growing Businesses (SGBs) can be made to work.

IntelleGrow’s approach has yielded early positive results, and we hope our aligned objectives will allow more entrepreneurs to emerge and prosper.

Dimple Saghni, Director, Investments, Omidyar Network India Advisors

     
 
  • Focuses on underbanked and unbanked clients
  • For 37% of clients, IntelleGrow is a first lender
  • 85% of clients are underbanked
  • $60 million disbursed to over 115 companies
 

Since its start-up, IntelleGrow has received support from Shell Foundation both financially and strategically, and has emerged as a lending platform providing, cashflow based high-risk debt product to early stage, high growth underbanked enterprises.
 
IntelleGrow has raised $50 million in debt and equity and loaned over $60 million to 115 SGBs. IntelleGrow’s lending is catalytic: for 37% of clients, IntelleGrow is the first lender and over 68% of the portfolio companies had received external/institutional equity funding before receiving debt from IntelleGrow. Despite this, 85% of IntelleGrow’s clients are underbanked since existing sources are not able to meet their growth capital needs.
 
 Orb-Sunstream-(1).jpgAs well as support from Shell Foundation, IntelleGrow has received equity investments from Michael and Susan Dell Foundation, Omidyar Network, Developing World Markets (DWM) and Triodos Investment Management BV.
 
IntelleGrow's goal is to improve over one million livelihoods by 2020 with a loan book of $150 million across 400 enterprises.



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