Private equity (Cat II) · SEBI registry
Incofin India Progress Fund
Growth (Series C+) · Impact & Social · Chennai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Impact & Social
- City
- Chennai
- HQ / office
- Anna Nagar, Chennai (India office); Incofin IM is HQ in Belgium
- Fund registered
- 2019
- Investments on record
- 2
- Corpus (as reported)
- First close USD 60 million (2021); target USD 80-100 million total commitments
- Website
- incofin.com
- Profile ↗
About
Incofin India Progress Fund is a SEBI Category II AIF and the India-focused impact private-equity fund of Belgium-based Incofin Investment Management, providing growth equity to financial-inclusion and agri/food enterprises in rural India. LP investors include CDC/BII, Proparco, BIO, SDG Frontier Fund and King Baudouin Foundation.
Investment focus
Growth equity (impact PE); financial inclusion / inclusive finance and sustainable food & agriculture value chain in rural India; tech-driven entrepreneur-led businesses.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/19-20/0725
- IN/AIF2/24-25/1728
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Incofin India Progress Fund I
Yes — on official SIDBI FFS supported-AIF list (Incofin India Progress Fund I)
Notable portfolio
Sahyadri Farms; SAVE Group (Save Solutions)
Team & organisation
SEBI Category II AIF (trust/fund structure); managed by Incofin India Investment Management Pvt Ltd (Chennai) together with Incofin Investment Management (Belgium); impact PE fund focused on financial inclusion and agri-food value chain
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Frequently asked
- What does Incofin India Progress Fund invest in?
- Growth equity (impact PE); financial inclusion / inclusive finance and sustainable food & agriculture value chain in rural India; tech-driven entrepreneur-led businesses.
- How do I pitch Incofin India Progress Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ foreign-HQ (Incofin IM, Belgium); impact private-equity (growth equity) fund, not classic startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://incofin.com/contact-us/; https://incofin.com/incofin-reached-final-close-on-its-india-progress-fund/