Our investment
Description of the investment.
Description of the investment.
We are supporting the India Inclusion Dynamics and Entrepreneurship Action (IIDEA) Fund I, a BII-separate managed account managed by 3one4 Capital, dedicated to investing in Indian early-stage tech and tech-enabled businesses focused on addressing key development challenges (energy transition, agriculture, health, deep tech, and manufacturing) and female founders.
Impact information
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
Applies to investments made from 2019 onwards. The tabs in this section define what we expect to achieve through the investment, assessing the potential impact of the investment against six dimensions of impact. You can find more details on our methodology of assessing impact here.
What?
| Impact |
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The IIDEA Fund aims to intentionally direct capital to women owned and led (WOL) businesses with the dual objective of (a) addressing the lack of capital flowing to WOL businesses that have been financially underserved due to higher perceived risk, and; (b) demonstrating the viability of GLI as a sound investment strategy, ultimately catalysing the broader market for GLI. |
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How?
| How? |
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Direct: The IIDEA Fund will direct 60% of its portfolio (9 out of 15 companies) with the intent of creating a demonstration effect on the market that a gender-lens focused portfolio construction strategy can deliver market returns, thereby lowering perceived risk associated with genders-lens investing strategy. Indirect: With backing from an established fund manager, we expect IIDEA to catalyse India's VC market through the demonstration pathway. Beyond direct investments, these WOL businesses create significant ripple effects: generating quality employment, expanding leadership opportunities for women, and improving income opportunities and livelihoods for underserved women. |
Who?
| Stakeholder | Geography | Characteristics |
|---|---|---|
| Women owned and led businesses |
India |
100% of IIDEA's portfolio will be 2X-aligned (with 50% meeting two or more 2X Criteria at the end of the fund life) and will primarily invest in technology enabled companies including themes around digitization, automation, artificial intelligence and green jobs thus ensuring women's participation and contribution to future industries. Thematically, 15%+ of the Fund will be invested in CF eligible companies, while the Fund is expected to have 15-30% low -income reach. 60% of the Fund portfolio (9 out of 15 companies) will be WOL businesses |
| Employees of fund investees |
India |
19% of Fund II and IV portfolio companies meet the 2X Employment threshold. We expect this proportion to be maintained. However, the no. of jobs created would be low, given IIDEA’s focus on pre-seed/seed businesses. |
How much?
| Scale | Depth/Duration |
|---|---|
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9 out of 15 companies will be women-owned or led. Considering the early-staged focus, the scale of employment generation is expected to be low. Exact number is difficult to assess at ex-ante. |
It will be difficult to assess the depth of impact of the generalist portfolio strategy. At an ecosystem level, we expect IIDEA to create a demonstration effect, lowering the perceived risk associated with pursuing a GLI Fund strategy, therefore mobilizing future Fund Managers to also raise GLI Funds. |
Contribution/additionality
| Contribution/additionality |
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High. IIDEA Fund I will be a BII managed account administered by 3one4 Capital and will be a dedicated vehicle investing in India-based early-stage companies scaling tech and tech-enabled businesses with a mandate around inclusion (primarily gender lens investing) and climate. BII has co-created an impact sleeve with 3one4 focused on gender-lens investing. No other investors have shown interest in investing in this Fund at this stage. |
Risk
Execution RiskMedium. Considering the relatively smaller investable universe of women-owned and led (WOL) businesses reduced further by eliminating sectors possessing reputation risk for BII, there is risk of adverse selection, i.e. the Manager could be forced to invest in businesses that don’t meet its usual commercial rigour. This risk is being partially mitigated by selecting an experienced Manager with deep coverage across sectors in India. |
Impact score
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Impact score (at point of investment)
The Impact Score is a tool to help us manage our performance against our strategic impact objectives. It is designed to incentivise investments that support our productive, sustainable, and inclusive objectives. The Impact Score shown is based on the 2022-2026 Impact Score methodology. You can find out more here. The Impact Score is published for investments made from 2022 onwards. The Impact Scores are calculated at the point of investment. We publish the Impact Scores of new investments annually, once the information has been externally assured by an independent third party. |
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Environmental and social information
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Environmental and social summary
A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.
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Environmental and social risk
A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.
Environmental and social summary
IIDEA is a medium-high risk transaction from an E&S perspective due to their target sectors and early pipeline. The agreed ESAP focuses on enhancing ESMS, GBVH training and E&S actions for their advanced pipeline company. We have a strong relationship with 3one4 and have engaged with them closely on previous funds.
Environmental and social risk
Medium-High
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]
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Key facts
- First published
:
When the investment was first published on the website database.
- September 2025
- Last updated
:
When the last quarterly update of the website database occurred.
- June 2026
- Project number
:
An identifier number shared by investments in the same project.
- D7549
- Status
:
The current status of the investment (green flag for active and red flag for exited).
- Active
- Region
:
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
- Country
:
The countries where the investment delivers impact. Where impact is delivered in multiple countries, this is indicated.
- India
- Sector
:
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.
- Business and consumer services, Financial services, Health, Infrastructure, Manufacturing
- Investment policy :
- Catalyst
- Investment type :
- Fund
- Start date :
- May 2025
- Amount :
- $15m
- Currency of investment :
- USD
- Fund manager:
- 3one4 Capital Advisors LLP
- Domicile
:
The company or investment fund’s place of incorporation.
- India
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.
Type of investment portfolio that each investment is made under. Since 2014, we have run two investment portfolios: Catalyst and Growth. In addition, our Kinetic Portfolio enables us to manage concessional investment strategies.
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.
- First published
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Gender and climate finance facts
- 2X gender finance
:
Indicates whether the investment is ‘2X qualified’ using the 2X Challenge criteria. You can find out more here. It only applies to investments made from 2018 onwards, when the 2X Challenge was first launched.
- Fully qualified
- 2X qualification criteria:
:
2X Criteria the investment qualifies under. See 2X Criteria for more information.
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- Leadership — Board of Directors/Investment Committee
2X threshold 30%: Investee already meets threshold - Leadership — Senior Management
2X threshold 30%: Investee already meets threshold - Employment
2X threshold 25%: Investee already meets threshold - Indirect/Portfolio
Investee commits to meet threshold - Governance and Accountability
- Product and Services
Investee already meets threshold
- Leadership — Board of Directors/Investment Committee
- 2X sector
:
Indicates the specific 2X sector benchmark the investment qualifies under. See 2X Criteria for more information.
- Financial and Insurance Activities
- 2X country
:
Indicates the specific 2X country benchmark the investment qualifies under. See 2X Criteria for more information.
- India
- 2X gender finance
Investments made by this fund into companies:
For further information about these companies, visit https://www.3one4capital.com/
| Investment name | Country | Region | Sector | Fossil Fuel or Renewable Exposure | Start date | Status |
|---|---|---|---|---|---|---|
| Agrileaf Exports Pvt Ltd | India | South Asia | Manufacturing | June 2025 | Exited | |
| Fermbox Bio Pvt Ltd | India | South Asia | Financial services | June 2025 | Active | |
| Immunito AI Private Limited | India | South Asia | Health | December 2025 | Active | |
| Jobsforher Restart Portal Pvt Ltd | India | South Asia | Business and consumer services | December 2025 | Active | |
| Padcare Labs Pvt Ltd | India | South Asia | Health | December 2025 | Active | |
| Rezolv AI Technology Solutions Pvt Ltd | India | South Asia | Financial services | June 2025 | Active | |
| Zerocircle Alternatives Pvt Ltd | India | South Asia | Infrastructure | March 2026 | Active |
