British International Investment

Ascent India Fund IV

IndiaSouth AsiaCommunications & IT servicesConsumer - HealthConsumer - other servicesFinancial servicesFood & AgricultureManufacturing

Ascent Capital is a leading India-focused growth capital provider investing in fast growing businesses across diverse sectors.

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

In 2018, we committed $40 million to Ascent India IV, which will focus on the healthcare, financial services, technology and consumer sectors.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

Through this fund, Ascent Capital will continue to build on its previous successes of investing in and growing businesses that provide employment to a significant number of semi-skilled workers. In its previous three funds, the manager has helped scale companies such as BigBasket, where Ascent was the first institutional investor, KIMS Hospital, RBL Bank, Sequent Scientific, Citrus Pay and iNurture.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    January 2024
    Project number

    An identifier number shared by investments in the same project.


    The current status of the investment (green flag for active and red flag for exited).


    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    South Asia

    The countries from which we derive the value of our investment. Where value is derived from multiple countries, this is indicated.


    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    Communications & IT services, Consumer - Health, Consumer - other services, Financial services, Food & Agriculture, Manufacturing

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Start date :
    December 2018
    Amount :
    Currency of investment :
    Fund Manager:
    Ascent Capital Advisors India Private Limited

    The company or investment fund’s place of incorporation.


Investments made by this fund into companies:

For further information about these companies, visit

Investment name Country Region Sector Start date Status
Acko General Insurance Ltd India South Asia Financial services November 2019 Active
CRM Next (Acidaes Solutions Pvt Ltd) India South Asia Communications & IT services April 2021 Active
Curefit Healthcare Private Limited India South Asia Consumer - other services April 2020 Active
Elixa Technologies Private Limited India South Asia Manufacturing August 2021 Active
Fresh to Home Foods Private Limited India South Asia Food & Agriculture July 2020 Active
MyGlamm (Sanghvi Beauty & Technologies) India South Asia Consumer - other services March 2021 Active
Naari Pharma Pvt Ltd India South Asia Consumer - Health December 2019 Active
National Stock Exchange of India India South Asia Financial services October 2019 Active
Nehat Tech Solutions Private Limited (EnKash) India South Asia Communications & IT services March 2022 Active
Symbio Generrics India Private Limited (Symbio) India South Asia Consumer - Health March 2022 Active

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