Posted on 24 November, 2019
Zephyr Peacock India Growth Fund invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund identified commercial vehicle finance as a high growth sector in India and invested in Loanzen, a provider of digital financing for commercial vehicle operators
Below are excerpts from the post that first appeared on ETAuto from the Economic Times on 25 November 2019:
Loanzen, a start-up that provides financial solutions to the logistics industry, on Sunday said it had raised funding from Zephyr Peacock India Growth Fund. However, it didn’t disclose the funding amount.
Existing investor Kae Capital also participated in the round, a statement said.
“Loanzen will invest the funds raised in the development of technology, build data analytics teams, scale operations in existing locations across Karnataka and expand to new markets,” it added.
While Loanzen declined to comment on the amount of funding or valuation, sources suggest the company has raised about USD 4-5 million (nearly ₹28-35 crore) in this round.
Loanzen provides loans to purchasers of used commercial vehicles, including operators of small CV fleets and first-time buyers. These purchasers have limited financing options due to inadequate credit history and lack of documented income.
It uses proprietary underwriting processes based on alternate data sources to meet the needs of its customer segment.
Zephyr Management is a global emerging markets investment manager, specializing in the creation and management of highly focused private equity funds
Since its inception in 1994, Zephyr has sponsored 22 investment funds in both public and private securities markets representing approximately $1.2 billion in combined commitments and assets under management
Emerging Markets Focus
The firm has initiated several private equity funds investing in several African countries, South Korea, Mexico, India, and Sri Lanka since its founding. Zephyr's funds serve medium size enterprises that are often ignored by larger private equity players. Zephyr funds provide growth capital to established companies with proven business models and sustainable competitive advantages.
Investment activities are currently focused on India, Sri Lanka and Africa.
Zephyr Peacock India
Zephyr Peacock India provides equity financing for fast growing, small to medium sized companies led by strong entrepreneurs and management teams.Read More
Emerald Sri Lanka Fund
Emerald Fund provides equity financing for fast growing, small to medium sized (SME) Sri Lankan companies led by strong entrepreneurs & management teams.Read More
Zephyr Acorn provides equity
Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa.Read More
Active Portfolio Support
The firm's special expertise lies in bringing global best practices to medium-sized growing companies by assisting them in conceptualizing sustainable business strategy, management development, compensation, ESG, expansion outside of their home country, capital structure and positioning for stock exchange listing or trade sale.