Caspian Debt disbursed loans ranging from INR 50 Lakhs to 5 Crore to fund their operational requirements
National, November 18, 2021: Caspian Debt, a leading provider of debt funds to start-ups and social enterprises, has disbursed loans ranging from INR 50 lakh to INR 5 crore and expanded its portfolio, adding 9 new SMEs from sectors such as Food and Agriculture, Education and Skill Development, Clean Energy, Healthcare and General Impact sectors during April- October 2021.
Chakr Innovation, Payagri Innovations, Retas Enviro, Eggoz, Varcas Automobiles, Samosa Singh, Sevamob Ventures, Hesa Enterprises, Process Nine Technologies were among the 9 new companies added to the company’s SME portfolio. These funds will help the recipients manage their working capital cycle, procure raw materials and strengthen supply chains.
Caspian Debt is a multi-sector debt funding firm that provides tailored debt to professionally managed small and mid-market transformational firms. The company funds first-generation entrepreneurs with the ambition to grow the company in a Responsible, Transparent, and Sustainable Manner. Some of the SMEs who have received funds from Caspian Debt include:
Chakr Innovation is building Metro Cities a better place to leave and breathe cleaner air by manufacturing emissions controlling devices that are retrofitted to Diesel gensets of 100 Kva’s or above, reducing the PM 2.5 and PM 10 particles by 85 to 90%. Caspian Debt invested in Chakr because of the environmental impact which they are creating and have backed them with growth capital to fulfil their in-hand orders.
Varcas is providing an easy and affordable mobility solution through their electric 2W, which is available in tier 2 and tier 3 cities of north India. Caspian Debt has provided working capital loan to varcas to fulfil the working capital gap.
Process9 – is a provider of real-time multi-language access for websites to their clients. This helps easier and better information access over the internet in multiple regional languages across the country. As their contracts are with large-scale entities providing services to all segments of the society, Caspian is supporting them by providing working capital support to enable the content delivery to the end-user.
Samosa Singh operates cloud kitchens with the aim to recreate and lead the Indian snacks category by making household nostalgic Indian snacks accessible to all in a different and innovative way. Caspian Debt has provided a term loan to Samosa Singh to increase their footprint in existing and new cities.
HESA is another company that recently received funds from Caspian Debt. HESA connects Bharat Phygitally by enabling end-to-end access to the untapped rural markets as the one-stop solution provider. The core offering is a physical network of Village Level Entrepreneurs, called “Hesaathis”, spread across villages connected digitally through Hesa’s Tech platform. Caspian Debt has supported HESA to help them revolutionize the ecosystem of rural commerce with their unique solutions.
Sevamob – is working closely to provide primary medical care to rural and semi-urban fraternities supported by an asset-light delivery model and backed by CSR of various large-scale MNCs.Caspian Debt has funded them to improve their working capital cycles as their receivables are from larger-scale MNCs and CSR foundations.
Other companies that received loans from Caspian Debt include RETAS that is engaged in providing freshwater management solutions through their innovative and customized offerings, Eggoz is solving the problem of inefficiencies that exists in the poultry supply chain, Krishiyog that bridges the demand and supply for all grades of fruits for B2B clients and Balwaan Agri educates farmers and provides affordable and high-quality farm machinery/ equipment which is typically used during harvesting season.
Commenting on the announcement, Avishek Gupta, Head, Caspian Debt said, “While most businesses are still recovering from the pandemic, we believe that there is enormous scope for growth in the SME sector. We continue to hold a long-term view and believe that MSMEs are the growth and development engines of the Indian economy. We have witnessed the stability and resilience of SMEs during the pandemic and other economic crises in the past and we are sure that timely and effective capital infusion will further enhance the sector’s growth. Our investments into the SME sector reflect our strong belief in the contribution of these companies towards SDGs. Caspian Debt’s portfolio companies contribute to 13 SDGs.”
The pandemic enforced lockdown in 2020 had a direct impact on the SME sector, which faced several challenges with logistics, supply chain disruptions, stalled projects in the execution stage, and delays in the collection of receivables. By the end of the fiscal 16 out of 54 SMEs in the Caspian Debt’s portfolio reported a positive median sales growth of 6%, demonstrating their recovery and resilience. Caspian Debt is enrolled as a member lending institution with the National Credit Guarantee Trust Company (NCGTC) to provide loans under the Emergency Credit Line Guarantee Scheme (ECLGS) of the Government of India to help their SME clients.
About Caspian Debt:
Caspian Debt is a digital corporate lending financial services company that offers custom debt solutions to professionally managed small or mid-market companies and start-ups founded by first-generation entrepreneurs with the ambition to grow the company in a Responsible, Transparent, and Sustainable Manner. Over the last 7 years, Caspian has disbursed debt over INR 2000 Cr to 160 companies, supporting the creation of 51k+ jobs.
Caspian Debt has funded more than 160+ companies pan-India that include both technology-driven and brick & mortar businesses across a range of high impact sectors such as agri-business, Cleantech, education & employability, healthcare, small business lending, and delivery of essential services. Caspian Debt can offer a wide range of debt products which includes term loans, revolving facilities, invoice/order financing, quasi-equity, and venture debt.
Caspian Debt is a company promoted by Caspian Advisors, a pioneering impact investing firm with a track record of supporting breakthrough companies and entrepreneurs across a range of high-impact sectors. Caspian has led to the creation and growth of a completely new category of financial institutions in India that include Microfinance Institutions, Affordable Housing Finance Companies, and Affordable School Finance Companies.
