Incofin, ResponsAbility invest USD 20 mn in SLCM

Incofin Investment Management and ResponsAbility Investments AG have invested USD 20 million in post harvest agri-logistics and financing group Sohan Lal Commodity Management (SLCM).
"The investment has been made possible by secondary minor stake sale by existing investors Everstone Capital, Mayfield Advisors, Nexus Venture Partners and Emerging India Fund of ICICI. Positron was the sole transaction advisor for this investment," a company statement said.
Positron Consulting Services announced facilitating the investment in Sohan Lal Commodity Management.
Aditya Bhandari, Co-Head Asia, Incofin Investment Management said, "We are excited about the disruption that SLCM is creating in the agri space, especially with its own NBFC. We hope to assist the team in unlocking value from the financing verticals, both in India and Myanmar."

Sarah Djari, Investment Director, ResponsAbility said, "We are delighted to accompany SLCM's development in India and abroad."
Incofin Investment Management is an international impact investor with more than 15 years of track record in promoting financial inclusion, particularly in rural areas and in the agricultural sector.
ResponsAbility Investments AG manages over USD 3 billion in development investments and offers professionally-managed investment solutions to private, institutional and public investors.