Michael Dell, eBay founder invest in Indian debt financing company

The Aurum Perspective – Is overseas debt for socially relevant businesses reflective of the lack of performance of social capital venture funds in India?


Dell Inc. CEO Michael Dell and eBay founder Pierre Omidyar have invested Rs 28 crore in the Mumbai-based debt financing firm IntelleGrow.dell396

Omidyar Network, a philanthropic investment firm founded by Omidyar and his wife Pam, has invested Rs 25 crore in IntelleGrow, while Michael, who took the US-based computer maker Dell private last year, has invested Rs 3 crore through the Michael and Susan Dell Foundation.

IntelleGrow provides customised debt finance to small and emerging businesses in India, focusing on sectors like clean energy, agricultural supply chain, education, financial inclusion, affordable healthcare and water and sanitation.

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