“Lok” means “People”. Simply put, our mission is to make capital markets work for all people.
Lok Capital is a pioneering India-focused investment firm established in 2004. We have generated above market returns via investments into innovative tech-enabled enterprises addressing social and environmental challenges at scale.
Agri/Food & Beverages
Lok Capital has a proven track record across funds of three vintages (2006, 2011, 2016) and is currently investing from its fourth fund into financial inclusion, fin-tech, health-tech, food & agri- tech and climate-tech & sustainability solutions
Where do we invest?
Early to growth stage investments into fast growing, high impact and tech-enabled business models in financial services, healthcare, food & agriculture, and climate & sustainability solutions in India. Lok strives to build companies that go beyond the binary of financial gains and societal impact.
How much do we invest?
Ticket sizes range from USD 3-18 million. Smaller tickets for fin-tech, agri-tech, health-tech, and climate/sustainability. Larger tickets for financial services.
When do we come in?
Typically, Series A to C. Lok plays the role of the first PE-style growth investor on the cap table. Investments are made once product market fit is established, with proven revenue traction and a clear path to profitability.
What do we look for?
High-quality entrepreneurs with experience in execution, aiming to build enduring businesses sustainably, rooted in transparency and collaboration.
Business models with an embedded impact generating outcome.
Good governance systems (compliance, reporting, transparency) with a focus on risk management.
Systems with a strong technological backbone in operations and delivery.
Our evaluation/portfolio management approach (value add)
Significant field visits and conversations with stakeholders on the ground, a relationship-driven approach to understand contextual nuances and value creation opportunities.
Impact, ESG, and climate risk management frameworks deeply embedded into the investment management process.
NPS: Lok has an NPS of 82 amongst past investees, with 80% founders reporting that Lok has improved the value and 90% reporting that Lok has improved impact.
To achieve inclusion in a holistic manner, we understand that environmental, social and governance aspects need to be integrated in businesses. We are committed to conduct business in a sustainable, fair, transparent and responsible manner to overcome adverse risks and add value to our investments. Our ESG policy may be accessed here.
Evolution of Lok Capital
Lok enjoys long standing relationships with a range of institutional investors including development financial institutions, private asset managers, insurance companies and reputed family offices. In addition to partnering with us in successive funds, our LPs have co-invested extensively in our portfolio companies helping provide visibility on capital to portfolio capital well into their late/ pre- IPO stages. Lok invites any institution that wishes to increase exposure to India, seeks best in class returns and is motivated by impact objectives.