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February 11, 2013

Deal Alert: MSD Foundation invests Rs.10-Cr in Intellegrow

Mumbai-based IntelleGrow, a venture debt-financing company for small and medium enterprises (SMEs), has raised Rs.10 crore from the Michael and Susan Dell Foundation (MSDF).

IntelleGrow, promoted by investment banking services and advisory firm Intellectual Capital Advisory Services Pvt. Ltd (Intellecap) has disbursed 20 loans totalling Rs.15 crore to SMEs across India in areas such as wastewater recycling, clean-energy solutions, low-cost irrigation, rural healthcare, rural electrification and non-credit financial inclusion. The company provides viability-based debt financing to early-stage enterprises with a turnover of less than Rs.50 crore and a track record of at least 12 months.

Source: Mint

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