British International Investment

Stellaris Venture Partners India I

IndiaSouth AsiaCommunications & IT servicesConsumer - EducationConsumer - HealthConsumer - other servicesFinancial servicesInfrastructureManufacturing

Stellaris Venture Partners India I is a venture capital fund. It invests in early-stage companies solving India-specific problems at scale through
disruptive business models – thereby increasing market access for SMEs and/or offering affordable services to consumers.

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

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 reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at enquiries@bii.co.uk

  • 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.

    :
    D3177
    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
    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.

    :
    Communications & IT services, Consumer - Education, Consumer - Health, Consumer - other services, Financial services, Infrastructure, Manufacturing

    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 :
    Fund
    Start date :
    October 2018
    Amount :
    $10m
    Currency of investment :
    USD
    Fund Manager:
    Stellaris Advisors LLP
    Domicile

    The company or investment fund’s place of incorporation.

    :
    India

Investments made by this fund into companies:

For further information about these companies, visit https://www.stellarisvp.com/

Investment name Country Region Sector Start date Status
930 Technologies Pvt Ltd (Noticeboard) India South Asia Communications & IT services June 2017 Exited
Allround Development Ptd Ltd India South Asia Communications & IT services December 2020 Exited
Bizcon Fintech Labs Private Limited (Credflow) India South Asia Financial services April 2021 Active
Bluebear Technology Private Limited India South Asia Communications & IT services April 2019 Active
Buyerassist Io Inc India South Asia Communications & IT services March 2021 Active
Founder Network Investments India South Asia Communications & IT services December 2020 Active
Glance InMobi Pte. Ltd. India South Asia Communications & IT services March 2023 Active
GTM Buddy India, South Asia Asia, South Asia Communications & IT services March 2021 Active
Honasa Consumers (Mama Earth) India South Asia Manufacturing August 2018 Active
Incasable Technologies Private Limited (Swiflearn)) India South Asia Consumer - Education December 2019 Exited
Lithius Energy Private Limited India South Asia Infrastructure September 2019 Exited
Loadshare Networks India South Asia Communications & IT services March 2018 Active
Novocura Tech Health Services Pvt Ltd (mFine) India South Asia Communications & IT services August 2017 Exited
O(1) India Pvt Ltd (Shop 101) India South Asia Communications & IT services June 2018 Exited
Plus Health Tech Ventures Limited (Ayu) India South Asia Consumer - Health December 2019 Active
Priharitam Technologies Pvt Ltd (Manch) India South Asia Communications & IT services October 2018 Exited
Quicko Technosoft Labs Pvt Ltd (Whatfix) India South Asia Communications & IT services March 2017 Active
Signzy Technologies Private Limited India South Asia Financial services November 2018 Active
Slintel Inc India South Asia Consumer - other services November 2019 Active
Techwider Technologies Pvt Ltd (Wydr) India South Asia Communications & IT services February 2017 Exited
Vogo Automotives India South Asia Infrastructure July 2018 Active

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