Lok Capital News

Though banks are employing digital strategies to enhance deposits, there is still an acute lack of awareness when it comes to savings and insurance planning

This is the first time Lok Capital, which invests in businesses that generate both financial returns and social or environmental good, is considering tech companies

Veritas plans to use the funds to expand into newer states like Andhra Pradesh and Telangana, deepen its presence in existing locations and aid in the development of new technology

But despite all the challenges, most impact venture capital fund managers think India is now at a tipping point in terms of capital inflows into the asset class

Impact investor Lok Capital returns principal capital of $65 million, which it raised from investors for its second fund Lok Capital II, with three years to go

Affordable housing finance company Ummeed Housing will use the funds to expand to new locations in north and central India and for investments in technology

Dr Mohan's Diabetes will use the funds to develop a pan-India presence and grow from a base of 25 clinics to 100 clinics in the next four years

The dairy products firm plans to use the funds to raise production capacity and expand distribution to neighbouring Bihar

Lok Capital, an impact investor, plans to raise $80-100 million in third fund, fully liquidates first fund

In the past six years, the Indian impact investment space has seen $4.1 billion worth of investments