Satin Growth launches ₹200cr fund for financial inclusion and sustainability
Satin Growth Alternatives Ltd. (SGAL), part of Satin Creditcare, just launched a ₹200 crore fund called SGAL-Scheme 1.
The goal? To invest in companies working on financial inclusion and sustainability, basically, businesses that want to make life better for everyone, not just profits.
Fund targets women-led, underserved startups
SGAL-Scheme 1 plans to invest between an average ticket size of ₹4-5 crore, going up to ₹10 crore in each company using a mix of debt and equity for balanced growth.
Shivika Sethi, who brings around 14 years' experience as a VC and consulting professional, is heading up the fund.
SGAL is especially keen on supporting women-led businesses and wants to bridge the gap for startups that don't fit the usual funding mold.
As Director Aditi Singh puts it, "we aim to provide flexible, growth-oriented capital to bridge the gap between traditional debt and equity... enterprises that are often underserved."