The venture capital fund is expanding into healthcare, agriculture, and housing
Gurgaon-based Lok invests in financial institutions serving low-income Indians, and is expanding into healthcare, agriculture, and housing.
Lok has exited four companies in the past 12 months, enabling the firm to return $65 million in principal from its second fund, with three years to go.
Last year, it fully exited 10 investments from its $22 million first fund, and returned 10% in profits to investors. Its track record has boosted Lok’s fundraising for its third fund, which has secured $80 million toward a $100 million target.
With backing from domestic Indian investors for the first time, Lok expects about one-third of its investors to be private; for its first fund, all but 5% of its capital came from development finance institutions.
Lok Capital returns $65 million to investors and raises $80 million more was originally published in ImpactAlpha on Medium, where people are continuing the conversation by highlighting and responding to this story.
This post was originally published on ImpactAlpha.com
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