PROJECT

Projects

Summary of Investment Information

Project Number

44026

Company Name

GAJA CAPITAL INDIA FUND 2020 LLP

Date SPI Disclosed

Mar 21, 2021

Country

India

Region

South Asia

Projected Board Date

May 26, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

CDFPE - Disruptive Technologies and Funds/Private Equity Funds

Industry

Funds

Previous Events

Approved : May 26, 2021
Signed : Jun 30, 2021
Invested : Jul 26, 2021

Sector

Growth Equity Fund

Project Description

IFC proposes an equity investment of up to INR equivalent of US$25 million, subject to not being more than 10% of the aggregate commitment to the Fund at final close, with an equivalent amount of co-investment envelope, in Gaja Capital India Fund 2020 (“Fund” or “Gaja 2020”), a scheme of Gaja Trustee Company Private Limited. The Fund is targeting US$400 million in commitments to invest in 12-15 mid- sized companies (EV upto ~US$150 million) in the education, healthcare, financial services, consumer and SaaS sectors. The Fund will continue to replicate the strategy of its predecessor Funds along with a high-touch engagement model to drive scale and transformation in investees.

                                                   

Associated Advisory Engagement

N/A                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation