Microfinance Private Equity

Leapfrog Investments expected to invest Rs 137 Crore in Microfinance and Microinsurance Companies

LeapFrog Investments will be investing up to Rs 137 Crore ($30.5 million) in innovative Indian insurance and financial services companies that have the potential to grow and serve the country’s fast growing micro insurance market.This amount will come from its corpus of over Rs. 506 Crore ($110 million) that it raised recently to invest in businesses that deliver affordable insurance in Asia and Africa.

LeapFrog Investments is an investment vehicle that has big ticket investors like the International Finance Corporation and the Soros Economic Development Fund started by George Soros.

In a statement issued on the company website, LeapFrog Investments plans to make a number of small ticket investments of INR 22 Crore to 66 Crore ($5 million-$15 million) over the next four years.Investments are expected to be targeted in local insurance companies, microinsurers, or businesses with distribution platforms that reach the mass market.

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