BanyanTree India Growth Capital Fund (FMO-56186)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
BanyanTree India Growth Capital Fund
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Sep 5, 2019

Disclosed by Bank Aug 15, 2019


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Project Description

According to the bank website, "...the capital will be invested in 10-15 small to medium size companies in Tier 2 and Tier 3 cities in India. The Fund will provide long term growth capital (equity and quasi-equity) to companies which have restricted access of capital due to their location either in (i) remote areas or (ii) more poor Indian states. The Fund has a sector-agnostic strategy and will be investing in sectors like food-processing, financial services, pharma, healthcare, education, manufacturing, among others."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • BanyanTree India Growth Capital Fund -- Implementing Company

According to FMO, BanyanTree India Growth Capital Fund is an Indian growth capital private equity fund managed by an Indian Investment Manager, BanyanTree Finance Private Limited (the "IM"). The Fund is a 3rd successor-fund of the IM with a differentiated investment strategy to invest in Indian companies in Tier II and Tier III cities to meet demand of the growing (lower)-middle class in India.

Contact Information

No project-specific contact information available at time of writing.

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism