Intellecap Raises Equity Investment of US$8.4 Million from Legatum

Hyderabad, Andhra Pradesh and Mumbai, Maharashtra, India

Intellecap, a pioneer in providing advisory services for social investors & companies with social business models announced a strategic equity investment of US$ 8.4 Million from Legatum Global Development. Legatum is a private firm that invests in capital markets and in initiatives that support human and social development. Intellecap provides a range of consulting and advisory services to facilitate and enable innovation, capacity building and investment into the development sector.

Commenting on the investment, Intellecap Co-Founder and Director Mr. Vineet Rai said "Our business has been built upon a passion for sustainable development and an objective approach to the mainstream solutions that support it. We are delighted that, in Legatum, we have a partner that is committed to the same principles and whose investment will help us to increase our reach to the investors, enterprises and entrepreneurs focused on sustainable development in India."

Mr. Philip Vassiliou, Senior Vice President of Legatum, said "Intellecap is an exciting and entrepreneurial company that has quickly created a unique niche, intermediating capital to businesses operating in India's poorest communities. Legatum's investment will ensure that Intellecap's combination of world-class services and people, delivering independent, impartial and insightful enterprise solutions, remains unmatched."

Mr. Vassiliou added, "Intellecap's expertise in the microfinance sector gives them an unparalleled perspective on the opportunities that exist in rural India, particularly where grassroots programs are one of the most effective strategies for lifting communities out of poverty. This transaction represents another step forward in Legatum's strategy to support the transformation of the multiple bottom-line sectors in India and drive sustainable change through an enterprise approach to development."

Speaking on the investment, Mr. Upendra Bhatt and Mr. Pawan Mehra, Co-Founders of Intellecap said, "Legatum's investment in Intellecap validates the company's vision and our success in building an industry-leading team of consultants and investment advisors. This investment will enable Intellecap to leverage on its experience and expand into new sectors and extend its geographic reach nationally and internationally".

Mr. Rai added that while continuing to build on newer initiatives in the field of finance and strategy in the microfinance sector, Intellecap is poised to launch exciting initiatives in other areas that benefit social and economic development. Areas of focus for Intellecap will include health, education, and technology.

About Intellecap

Established in 2002, Intellecap is one of the fastest growing strategic services firm in the international development sector. Intellecap aims to build intellectual capital dedicated to facilitating investments into socially motivated businesses and to assist these businesses in becoming more profitable and achieving greater scale through consulting and advisory inputs. Working in both indirect strategic advisory roles and direct design and execution modes, Intellecap leverages its understanding of mainstream, profit-oriented business models to create unique solutions that generate both financial and sustainable social returns.

Intellecap has undertaken pioneering initiatives in the field of finance and strategy in the microfinance sector, and seeks to leverage this experience to other areas that benefit social and economic development. Intellecap is committed to value creation by accumulating and disseminating knowledge, providing strategic support to development initiatives and incubating new ideas that will shape the development industry.

For more information about Intellecap, please visit www.intellecap.net

About Legatum

Based in Dubai and London, Legatum's mission is to promote excellence in both global investment and sustainable development. Legatum is comprised of a number of divisions:

Legatum Capital is a portfolio investor with over twenty years of experience investing proprietary capital in various industry sectors across the globe. The website is located at www.legatum.com

Legatum Global Development ("LGD") promotes global prosperity by applying market-based solutions to long-term development problems. The website is located at www.legatum.org

The Legatum Institute for Global Development ("LIGD") is an independent policy institute, whose mission is to promote the principles that drive the creation of global prosperity and the expansion of human liberty. LIGD undertakes and publishes original research, including the Legatum Prosperity Index. The website of the Legatum Institute is located at www.ligd.com.
The Prosperity Index can be found at www.prosperity.org

The Legatum Center at MIT is a collaboration between LGD and the Massachusetts Institute of Technology, which promotes business development and entrepreneurship in the developing world through education and innovative business. The website is located at www.lcde.org

For more information, please visit Legatum's website at www.legatum.com

Source: Intellectual Capital Advisory Services Pvt. Ltd. (Intellecap) (Business Wire India)

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