
Lok Capital
Description
Lok Capital, established in 2004 and headquartered in New Delhi, India, stands as a pioneering impact investor dedicated to fostering inclusive growth across critical sectors. The firm's core mission revolves around leveraging capital to create sustainable social and economic development for underserved populations in India. Their investment thesis spans financial inclusion, healthcare, agriculture, and climate solutions, reflecting a holistic approach to addressing societal challenges through market-based solutions. Lok Capital has consistently demonstrated a commitment to supporting enterprises that not only generate financial returns but also deliver measurable positive impact.
The firm's investment strategy primarily targets early to growth-stage companies that exhibit strong business models and a clear pathway to scale. Lok Capital typically deploys initial cheques ranging from $3 million to $10 million, with a capacity for larger follow-on investments as portfolio companies mature. This flexible approach allows them to support promising ventures from their nascent stages through significant expansion. With over 30 investments to date across its various funds, Lok Capital has built a robust portfolio of companies that are driving innovation and access in their respective domains, from microfinance institutions to affordable healthcare providers and agri-tech platforms.
Lok Capital manages significant capital, with its latest vehicle, Lok Capital IV, having achieved a first close of $100 million towards a target of $150 million. This fund aims to deepen the firm's impact by investing in more mature enterprises that are poised for substantial scale and broader societal reach. The firm's long-standing presence in the Indian impact investing landscape, coupled with its strategic focus on sectors vital for inclusive development, positions Lok Capital as a key player in channeling capital towards sustainable and equitable growth opportunities within the country. Their commitment extends beyond just capital, often providing strategic guidance and leveraging their extensive network to support portfolio companies' growth trajectories.
Investor Profile
Lok Capital has backed more than 23 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 39% of its total and boasts 13 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series Unknown, Series B rounds (top funding stages).
- Majority of deals are located in India.
- Strong thematic focus on Financial Services, Finance, Small and Medium Businesses.
- Led 2 rounds in the past year.
- Typical check size: $3M – $15M.
Stage Focus
- Series A (30%)
- Series Unknown (22%)
- Series B (17%)
- Series C (17%)
- Private Equity (9%)
- Series E (4%)
Country Focus
- India (100%)
Industry Focus
- Financial Services
- Finance
- Small And Medium Businesses
- Fintech
- Banking
- Credit
- Lending
- Agtech
- Artificial Intelligence (Ai)
- Education
Frequently Asked Questions
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