Bellwether Microfinance Fund (2005-2013)

Bellwether was the first domestic pool of capital in India dedicated to providing equity and debt to start up and early stage microfinance institutions in India. Our mission  with Bellwether was to be a market builder and to catalyse Microfinance in India .

 

Our investment objectives consciously blended financial and non-financial goals  and our investors included development finance institutions as well as private impact investors.

 

The Fund incubated several start ups in geographically diverse and un/underserved locations – we made 6 start-up investments, 5 Series A investments and 1 Series B investment. We were an early investor in some of today’s market leaders in microfinance, including a few that have transitioned into small finance banks. 

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The Fund is now fully exited.​ Our investors in Bellwether included Gray Ghost, Triodos, FMO, and a couple of high net worth individuals.