Intellecap launches I3 N( I-cube N); a platform for HNWIs and Corporates to invest in Social Enterprises
Intellecap launches I3 N( I-cube N); a platform for HNWIs and Corporates to invest in Social Enterprises.
- (1888PressRelease) May 07, 2011 - Mumbai - Sankalp, Indias largest forum for social enterprise, organized by Intellecap, has seen over 800 attendees over two days at its two day event in Mumbai.
On the second day, Intellecap's Vineet Rai announced I-cube N, a platform for HNWIs and corporate to invest in social enterprises at the hands of Rohini Nilekani. Interestingly, this was launched immediately after a session on the missing social impact investors in india.
To be a part of I3 N( I-cube N), the HNWI or corporate has to commit to invest $1-2 million , sufficient time for assessing deals , investment horizon of 5 to 7 years , the ability to take risks and collaborate with like minded investors
Says Anurag Agrawal, co-founder and Sr.VP-investment banking Intellecap, " we believe there is both interst and appetite amongst HNI and corporates in india for investing in soclially relevant businesses. This platform will enable them to evaluate high quality pre-screened early stage companies for investments."
In addition to that, Intellecap will engage with these companies not only till the time of closure of the transaction, but will also work closely with these social enterprises post investments to help scale them up.
Intellecap typically takes a success fee post a successful closure of an investment transaction. In such a case, for individuals and companies coming Intellecap will swap their fee for equity.
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