British International Investment

Ventureast Proactive Fund LLC

IndiaSouth AsiaCommunications & IT servicesConsumer - EducationConsumer - other servicesFinancial servicesInfrastructureManufacturing

This is an early stage venture capital fund investing in India.

This investment was made when British International Investment was named CDC Group. It was also was made under a previous strategy, pre-2012. We currently invest only in Africa, South and South East Asia and the Caribbean. Investments in other regions – such as China and South America – were made under a pre-2012 mandate, and we are gradually exiting these investments. We disclose information on all our investments, though narrative information on our older, pre- 2012 investments, is limited.

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.

    :
    June 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D304
    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
    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.

    :
    Communications & IT services, Consumer - Education, Consumer - other services, Financial services, Infrastructure, 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 :
    Fund
    Start date :
    February 2008
    Amount :
    $20m
    Currency of investment :
    USD
    Fund Manager:
    VenturEast
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Mauritius

Investments made by this fund into companies:

For further information about these companies, visit http://www.ventureast.net/

Investment name Country Region Sector Start date Status
Building Control Solutions Pvt Ltd India South Asia Manufacturing December 2010 Active
E2E Railway Infrastructures Pvt Ltd India South Asia Infrastructure March 2012 Active
Goli Vadpav Pvt Ltd India South Asia Consumer - other services August 2011 Active
Orca Systems Inc India South Asia Communications & IT services December 2010 Active
Orion Edutech India South Asia Consumer - Education September 2010 Active
Royal Images Catalogue Company (Onemi Technology) India South Asia Consumer - other services October 2011 Active
Sabse Technologies Inc (VYSR Inc) India, USA South Asia, US & Canada Communications & IT services March 2008 Active
Sai Sudhir Infrastructure Pvt Ltd Hyderabad India South Asia Infrastructure December 2008 Active
Si2 Microsystems Ltd India South Asia Manufacturing June 2009 Active
Ventureast Tenet II Fund India South Asia Financial services May 2010 Active
Zaggle Prepaid Ocean Services Pvt Ltd India South Asia Communications & IT services November 2017 Active

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