British International Investment

Roserve Enviro Private Limited

South AsiaInfrastructure

Roserve is a wastewater management solution provider dedicated to serving manufacturing companies with wastewater treatment management, with its unique Pay As You Treat model.

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

Our investment

Description of the investment.

CDC invested in Roserve to help finance the growth of their wastewater management business in India and to expand their operations to Africa.

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.

What?

Impact

Improve water quality, increase water-use efficiency, and reduce greenhouse gas emissions (SDG 6.3, 6.4, 13A)

How?

Primary Secondary

Direct: Finance capex to provide high-efficiency wastewater treatment and recycling solutions for industrial businesses in India and Africa to reduce their water and energy consumption and increase water recycling rates.

Catalysing markets: Promote the market development of commercial wastewater recycling in India and Africa by providing capital to enable Roserve to demonstrate the viability of its business model at scale.

Who?

Stakeholder Geography Characteristics
Planet

Global (India and Pan Africa for water)

How much?

Scale Depth/Duration

n/a

Contribution/additionality

Contribution/additionality

Roserve’s integrated wastewater recycling service model remains to be proven at scale in South Asia and Africa.

Grid score

Grid Score

To help us direct our investments, we previously used a tool called the Development Impact Grid. It scored investments out of four, based on two factors: the difficulty of investing in a country and the propensity of the sector to generate employment. This tool was used for investments until the end of 2021. Since 2022 it has been replaced by the Impact Score.

n/a for Catalyst transactions.

Risk

Execution Risk
  • Relates to the risk that the investment will fail to catalyse the water services market in India. Considered high given i) the inherently unpredictable nature of nascent markets, and ii) Roserve currently has insufficient pipeline to deploy the facility;

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.

    :
    D3640
    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.

    :
    Infrastructure

    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 :
    Debt
    Start date :
    December 2019
    Amount :
    $9.75m
    Currency of investment :
    INR
    Domicile

    The company or investment fund’s place of incorporation.

    :
    India

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