This investment was made when British International Investment was named CDC Group.
We invested in the business in 2020 to support this growth and to create more jobs. Levels of unemployment are high in the markets where Loadshare operates, and we know that both the staff employed by the ‘last mile’ delivery partners and the truck drivers are typically low-income workers with limited prior access to formal employment. Our expectation is that these jobs will have a significant positive impact on earnings.
Provide income generating opportunities (SDG 8.5), primarily through indirect employment creation.
Direct: By aggregating logistics services providers (LSPs or ‘delivery partners’) on its online platform, Loadshare enables better market access for these small businesses and additional demand fuelling growth in their revenue and employment creation.
|Suppliers, their employees||
Financial year 2020 baseline: 800 active branches across 18 Indian states, primarily in the north east of the country. Approximately 60 per cent of indirect employment generated in category ‘A’ states. Expected pan-Indian expansion focusing on category ‘A’ and ‘B’ states in and excluding north east India. Potential expansion into Nepal and Bangladesh.
Market context: There is a lack of capital for early stage ventures in India. 2015-2018 CAGR growth for Series B financing was only 3 per cent by value and 2 per cent by volume vs 15 per cent by value and 13 per cent by volume for mega venture capital (over $100 million).
To help us direct our investments, we use a tool called the Development Impact Grid. The Grid scores every investment we plan out of a score of four, based on two factors: the difficulty of investing in the country and whether investment in that sector will lead to jobs.
Environmental and social aspects
As a co-investment under our venture capital scale-up programme, we worked collaboratively with Stellaris Venture Partners (our co-investment partner) to agree an environmental and social (E&S) action plan with Loadshare. Key items focused on developing an E&S management system, labour standards in the direct and indirect workforce, occupational health and safety, and road safety.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Communications and IT Services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Co-Investments Equity, Co-Investments Equity
- Start date
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- March 2020
For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that British International Investment has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.