14-Apr-16

Mumbai, Apr 14 (PTI) Investment bank Intellecap Advisory Services has entered debt investment banking.

Under the services, Intellecap would assist its clients with transaction structuring and debt fund raising from banks, financial institutions, private placement of debt, commercial paper and external commercial borrowings, among others, it said in a statement.

Intellecap investment banking Head Gagandeep Bakshi said the move “is a logical extension as it completes our fund raising offering and enhances our existing capabilities”.

National Payments Corporation of India (NPCI) and financial inclusion consulting firm, MicroSave, today signed a pact to support Jan Dhan Yojana and to boost digital transactions.

14-Apr-16

Investment bank Intellecap Advisory Services has entered debt investment banking.

Under the services, Intellecap would assist its clients with transaction structuring and debt fund raising from banks, financial institutions, private placement of debt, commercial paper and external commercial borrowings, among others, it said in a statement.

Intellecap investment banking Head Gagandeep Bakshi said the move “is a logical extension as it completes our fund raising offering and enhances our existing capabilities”.

NPCI, MicroSave tie up to boost digital payments * National Payments Corporation of India (NPCI) and financial inclusion consulting firm, MicroSave, today signed a pact to support Jan Dhan Yojana and to boost digital transactions.

Both the institutions will collaborate to accelerate creation of less-cash economy in the country through RuPay, Immediate Payment Service (IMPS), Aadhaar-Enabled Payment System (AEPS) and Unified Payments Interface (UPI), a press released issued said.

14-Apr-16

Mid-market investment bank Intellecap Advisory Services has started a debt investment banking practice that draws on the firm’s venture capital and private equity fundraising operations, it said on Thursday.

Intellecap will be offering customised solutions and strategies to clients to help them meet their expansion and refinancing requirements and reduce borrowing costs. It will also assist them with transaction structuring and debt fundraising from banks, financial institutions, private placement of debt, commercial paper and external commercial borrowings.

“With our existing clients moving from early to growth stage and to meet their increasing fund requirements, starting the debt investment banking practice is a logical extension as it completes our

fundraising offering and enhances our existing capabilities” said Gagandeep Bakshi, head – investment banking, Intellecap.

Mar 31, 2016

Kenya-focused entrepreneur Moka Lantum, Founder and Managing Director of Microclinics, is preparing for pitch to a large pharmaceutical company. The Nairobi-based healthcare management company provides patient and clinic management systems to peri-urban and rural clinics. The software developed by his company, tracks commodities in clinics and enhances, availability, accessibility, quality and affordability of medicines in low income markets. The network of clinics and pharmacies as well as his “Blue Angels”, a network of trained youth that promote the service, can be an interesting distribution channel for healthcare and pharmaceutical companies and can potentially lead to cost savings of 30-60% for 2.5 mn customers.

Unfortunately not many small and growing businesses have the opportunity to pitch to a large corporate and explore the potential of a partnership like Microclinics. While it is widely accepted today that partnerships between corporates and small and growing businesses can bridge scaling challenges and help to co-create innovative service offerings for low income markets or develop impactful delivery and distribution channels, establishing these partnerships is a challenge. There is an information asymmetry on both sides, as a result of which it can take up to a year to form a meaningful partnership. The information gap is even larger for corporates interested to enter into a new market and looking for partners.

“The platform that we have created can provide a lot of value to corporates. However, it is difficult for us to find an entry into corporates. Establishing a winning partnership can therefore sometimes take up to a year.” – Moka Lantum, Managing Partner, MicroClinic Technologies

The potential for partnerships between corporates and small and growing businesses is huge. While low-income families at the so called “Base of the economic pyramid” have many unmet needs and aspirations, they lack access to affordable and high quality products and services. Excluded from mainstream markets, they find it difficult to access and nutritious foods, affordable healthcare, quality education, clean water or reliable energy. Despite progress in recent years to reach out to those living in underserved markets, there are 3 billion people living on less than US$2.50 per day—nearly half of the global population. Similarly, East Africa with its current population of 280 million people with growth predictions of 182% by 2050 and an annual consumption of US$49million with low income consumers comprising 90% of the total expenditure, make it an interesting market for corporates and start-ups alike.

Mar 16 2016

NDTV Prime has launched ‘The Real Deal’, a television show and 360 degree media property on impact investing and social entrepreneurship. The show will premiere on March 24, 2016 and will be aired every Friday at 9 pm, March 25 onwards.

From waste managers, skills development, financial and meal visionaries to farmers and healthcare managers, the contestants will fight it out in a set of innovative challenges that will test skills required to be a social entrepreneur. These include empathy, resilience, resourcefulness, ethics, partnering, leadership, selling, bartering, and networking.

The Real Deal will find, feature and fund the country’s best social entrepreneurs by bringing them face to face with potential impact investors in a 10-episode reality game format, bringing together two of the hottest and biggest issues, social change and entrepreneurship.

Judging these social entrepreneurs are Amar Singh, CEO Founder Clove Dental; Audrey Selian, Director, Artha Initiative; Jayesh Parekh, Managing Partner at Jungle Ventures; Radha Kapoor, Founder and Director of the Indian School of Design and Innovation; and Kartik Desai, Principal, Asha Impact. The jury will be the impact investors on the show.

Feb 18th, 2016

Ahead of the 2016 Sankalp Africa Summit in Nairobi, Kenya next week, Pioneers Post and the Sankalp team spoke to the founders of four ventures based in the continent to find out: ‘What does the world need to know about African enterprise?’

High number of funds, but impractical mandates

Sun-Culture is a business that designs and sells solar powered irrigation systems and agricultural extension services that make it cheaper and easier for farmers in East Africa to grow high-value fresh fruits and vegetables.

Co-founders Samir Ibrahim and Charles Nichols founded the business, which is headquartered in Kenya, in 2013.

Ibrahim offers his take on what the world ought to know about African enterprise. “This isn’t Europe and this isn’t the U.S. Solutions for Africans are not going to be developed in nice buildings in New York or London.

Sep 13 2012

Mumbai-based IntelleCash Microfinance Network, a subsidiary of investment banking services and advisory firm Intellectual Capital Advisory Services (Intellecap), has acquired majority stake in West Bengal-based microlender Arohan Financial Services through a series of transactions for a total Rs 52 crore.

After the acquisition, IntelleCash and for-profit micro venture capital fund Aavishkaar Goodwell together will have a total of 75 per cent stake in Arohan, according to Sushma Kaushik, senior investment manager at Aavishkaar Goodwell.

The acquisition was executed by IntelleCash through a combination of transactions including fresh investment from Aavishkaar Goodwell II of Rs 6.6 crore ($ 1.2 million) and purchase of shares by an existing shareholder Bellwether Microfinance Fund. In this fresh equity infusion existing investors India Financial Inclusion Fund (IFIF) and Michael and Susan Dell invested Rs 3.7 crore.

The board of Arohan will soon be reconstituted with IntelleCash holding 3 board seats. Shubhankar Sengupta, chief executive officer of Arohan, will continue to retain his position while Manoj Nambiar, managing director and CEO of IntelleCash, will join the board and take over as the managing director of Arohan, as per Mint which first the transaction.

This is the first instance of consolidation in the microfinance sector, which faced stress after regulatory flip-flops in some key markets like Andhra Pradesh.

Sep 13 2012

Mumbai: IntelleCash Microfinance Network Co. Pvt. Ltd, a subsidiary of investment banking services and advisory firm Intellectual Capital Advisory Services Pvt. Ltd ( Intellecap ), has taken a controlling stake in Kolkata-based microlender Arohan Financial Services Pvt. Ltd through a series of complex transactions for Rs. 52 crore.

It’s the first sizeable acquisition in India’s microfinance sector since it ran into a crisis after Andhra Pradesh in October 2010 passed a law that restricted the operations of microlenders in the state, which then accounted for one-quarter of the industry’s assets.

Analysts said the deal may signal the start of consolidation among microfinance institutions (MFIs), which have been weighed down by bad loans and seen funding dry up.

Mumbai-based IntelleCash has bought a 56% stake in Arohan, said Anurag Agrawal, co-founder, chief operating officer and director of Intellecap.