Sankalp Forum To Go Global

MAINSTREAM INVESTORS THRONG SANKALP. End Quote

(1888PressRelease) May 09, 2011 - The third edition of Sankalp saw a crowd of over 800 investors, companies and facilitators. According to conservative estimates, investors who were present at Sankalp saw a minimum investment of 5 million dollars into the social enterprises present at the forum over time, subject to due diligence and scrutiny.

Vineet Rai, Chairman Intellecap, said, "the numbers under consideration among major funds will of course be much higher; but at this stage, I would rather be conservative."

Vineet Rai's personal equity as Aavishkar, which has over the last couple of years seen a lot of expatriate population at Sankalp had healthy Indian presence this year. Also the profile of the investors was largely different…with over 40 mainstream funds participating.

Carlyle India, Kae Capital, Seed Fund at Sankalp were present in addition to impact investors such as Grassroots Business Fund, Gray ghost ventures and Omidyar Network. The two day session started with a web-cast with Sam Pitroda who spoke of Public Information Infrastructure, roads to connect universities and a digital knowledge network that enables institutions to share information for inclusive growth and development. There were speakers of the calibre of Bart Edes, Asian development Bank, Rohini Nilekani, Rashesh Shah, Chairman Edelweiss, Harold Rosen of Grassroots Business Fund, T Vijay Kumar - Jt Secretary Ministry of Rural development, Anil swarup- Jt Secretary , Ministry of Labour and Employment, GoI and Usha Thorat, Former Dy Gov, RBI.

Said Vineet Rai, "I am planning to take Sankalp to states such as Bihar, Madhya Pradesh and Rajasthan, as well as to countries like Africa, Europe and the US. There are no boundaries to social impact."

Intellecap also launched I3 N, a platform for high net-worth individuals and corporate to participate in social enterprise. 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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