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Venture Capital
ankurcapital.com

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Investments

44

Portfolio Exits

1

Funds

3

About Ankur Capital

Ankur Capital is a social venture fund that invests in start-up businesses that impact low income communities in India. They back entrepreneurs who have inclusive models that can lead to transformations in these communities. Ankur provides financial and technical support to create sustainable and scalable ventures.

Ankur Capital Headquarters Location

300, Sai Sampanna Station Road, Vikroli East

Mumbai, 400 083,

India

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Latest Ankur Capital News

IBISA raises seed funding from Ankur Capital

Aug 17, 2022

Reinsurance News The Luxembourg based start-up IBISA, has raised seed capital of an undisclosed amount from Ankur Capital, an India-based early-stage venture capital fund focused on transformative technologies in deeptech and climate tech. With this fresh funds, the start-up is now planning to scale its operations across the country with operations in Odisha, Karnataka, Telangana for coverage against excess rainfall, excess wind speed and drought. The agri-insurtech startup claims to be on a mission to empower the agri value chain players with innovative weather protection insurance solutions. IBISA was founded in 2019 and started operating in India with the DHAN Foundation to provide parametric insurance against drought coverage in Tamil Nadu. Speaking on the investment, Ritu Verma, Partner at Ankur Capital commented: “The unavailability of data has hampered the growth of the agricultural insurance industry in developing countries for decades. “Legacy crop insurance involved long manual processes making them impractical for developing markets where smallholder farming is the norm, and parametric insurance has historically been unviable due to the lack of detailed climate-related datasets. We are excited to partner with IBISA to transform the scale of available parametric insurance options in countries like India with a vast addressable market.” According to reports, 70% of the global food supply comes from smallholder farmers and more than 50% of the Indian workforce is into agriculture and allied sectors that contribute to just 20% of India’s GDP. With climate change happening at a rapid scale, most of these smallholder farmers are vulnerable to unforeseen climatic conditions that lead to damage of crops. IBISA highlighted that it is not that there are not any insurance solutions to cater those issues, but there is a huge gap between the cost of insurance and the willingness to pay premiums and the relevance of the existing insurance products and the need of the farmers. Verma added: “Farming is an integral part of both our societal and economic infrastructure. The impact that the war in Ukraine is having on food prices and food security seriously underscores the importance of global agriculture. And yet the support isn’t there. “With IBISA, we sought to create technology that would help reduce costs for the active players in the insurance space. Finding a way to responsibly protect farmers in the event of extreme weather, by slashing distribution and operating costs, making it affordable to many groups in the value chain. And it’s no small challenge. But we’re already seeing results.”

Ankur Capital Investments

44 Investments

Ankur Capital has made 44 investments. Their latest investment was in Ibisa as part of their Seed VC on August 8, 2022.

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Ankur Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/16/2022

Seed VC

Ibisa

Yes

2

7/27/2022

Seed VC

SportVot

Yes

1

7/21/2022

Seed VC

Piatrika Biosystems

$1.2M

Yes

2

7/11/2022

Series B

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$99M

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10

7/11/2022

Series B

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$99M

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10

Date

8/16/2022

7/27/2022

7/21/2022

7/11/2022

7/11/2022

Round

Seed VC

Seed VC

Seed VC

Series B

Series B

Company

Ibisa

SportVot

Piatrika Biosystems

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Amount

$1.2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

2

10

10

Ankur Capital Portfolio Exits

1 Portfolio Exit

Ankur Capital has 1 portfolio exit. Their latest portfolio exit was Leap.is on April 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/18/2022

Acquired

$99M

4

Date

4/18/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

4

Ankur Capital Fund History

3 Fund Histories

Ankur Capital has 3 funds, including Ankur Capital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/15/2021

Ankur Capital Fund II

$45.49M

5

4/30/2018

Ankur Capital Fund I

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10

Ankur Capital Fintech Fund

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10

Closing Date

3/15/2021

4/30/2018

Fund

Ankur Capital Fund II

Ankur Capital Fund I

Ankur Capital Fintech Fund

Fund Type

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Status

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Amount

$45.49M

Sources

5

10

10

Ankur Capital Team

2 Team Members

Ankur Capital has 2 team members, including current Founder, Managing Partner, Rema Subramanian.

Name

Work History

Title

Status

Rema Subramanian

SkillSoft, and Datamatics

Founder, Managing Partner

Current

Ritu Verma

Founder, Managing Partner

Current

Name

Rema Subramanian

Ritu Verma

Work History

SkillSoft, and Datamatics

Title

Founder, Managing Partner

Founder, Managing Partner

Status

Current

Current

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