Building a SustainablE
Future

Aspada is now Lightrock India.

The Promise of a Generation
Why we stand at a pivotal moment in history of world-leading economic transformation in India

Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
Aspada is now Lightrock India.
who we are

Over a decade ago, we started with the humble goal of changing the world for the better. By marrying capital with purpose, we strive to build a better society that nurtures and grows. We, as a crew, have grown and evolved through multiple investing vehicles across different stages of investing.

Lightrock India was formed in September 2019 as the India-focused entity of Lightrock. Aspada, with the goal to move towards growth investing partnered with the LGT group to build Lightrock. Lightrock was formed in 2018 as a vehicle by the LGT group in an effort to launch a global impact investing platform.

Lightrock India manages investments of SONG, LGT Impact, Aspada and Lightrock.

2011

Groundbreaking first
impact fund
identify and invest in opportunities that expand the scope of impact beyond microfinance and renewable energy. stakeholder centric impact measured as scale and depth metric

2013

Marque early-stage
impact investor
invest in businesses that solve problems faced by middle income India along themes of access- livelihood, essential services and financing

2018

Largest growth stage
impact investor
invest in businesses that solve systemic  problems in key sectors of the economy affecting a large section of the population towards achieving SDG Goals
who we are

2011

Pioneering first
impact fund
Formed as one of the first impact funds in India, SONG was a pioneering effort to expand the scope of impact investing beyond microfinance and renewables to businesses in key sectors of the economy. LGT Impact began investing in India at the same time.

2013

Leading early-stage
impact investor
Created as a permanent capital vehicle to invest in businesses that solve problems faced by middle income India along themes of access, Aspada made early investments in several pioneers and industry leaders in supply chains and financial services.

2018

Largest growth stage
impact investor
Transitioning to growth stage investing, Aspada partnered with LGT group to form Lightrock India - driven largely by the team's strong preference to work alongside entrepreneurs to build large businesses addressing systemic problems in key sectors of the economy.
Key Sectors

We are problem-first. We focus on problems that are central to building society and affect one and all. We build solutions that are technology-led and transformative.

We map our thesis based on existing industry expertise, business models and first principles thinking anchored around a clear theory of change. We work with the best mission-focused teams towards realising transformative solutions. We believe in steering capital towards the best solutions and not finding solutions where capital exists. We co-create with businesses to continuously evolve business models towards the best version of the solution.

Key investment themes

Key Investment Themes

We focus on key themes solving core problems to fundamentally transform ecosystems and sectors.

People

Unlocking human potential, equitably

Planet

Improving resource efficiency, sustainably

Productivity

Reimagining business productivity, responsibly
How We Invest

We invest in transformative industry leaders of tomorrow in themes and sectors with high potential for positive social impact.

We provide patient growth capital ($10 Million - $70 Million) to purpose-driven entrepreneurs tackling the world’s most pressing challenges. We have the ability to invest significantly larger amounts in situations that offer a compelling fit to our investment thesis and mission.

People

Unlocking human potential, equitably

HEALTHCARE AND WELL BEING

Enabling access to quality healthcare/wellness and innovations in life sciences towards better health outcomes to all.

EDUCATION AND FUTURE OF WORK

Improving access to quality education and enabling better learning outcomes and aspirational and equitable evolution of labour markets and future of work.

ACCESS TO credit, INFORMATION and opportunity

Access to personal credit, information and opportunity towards building an aspirational growth trajectory and a better quality of life.

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Planet

Improving resource efficiency, sustainably

RENEWABLES AND CIRCULAR ECONOMY TRANSITION

Development and deployment of technologies that enable transition to renewables and building a strong circular economy

MOBILITY, TRANSPORTATION AND SMART CITIES

Building sustainable cities, transportation and mobility through technology and network design

SUSTAINABLE FOOD AND AGRICULTURE

Reengineering food supply chains and agri-value chains to improve productivity and market and distribution efficiency.

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Productivity

Reimagining business productivity, responsibly

NEW DIGITAL INFRASTRUCTURE

Transactional (Financial/commerce) and informational (comms) infrastructure that de-bottlenecks access through disruptive cost structure

ANALYTICS

AI, automation and predictive analytics that improve business productivity/efficiency

RESOURCE AND CAPITAL ALLOCATION

Enabling access to finance and business inputs that Improve business efficiency/productivity

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JOIN US TO ENGINEER SYSTEMIC TRANSFORMATION

Careers
OUR APPROACH

We invest in businesses that will transform canonical ecosystems for generations to come.

We work with entrepreneurs who share our mission and passion to shape and build purpose-led businesses.

$10M-$50M

We invest across stages with a strong thematic focus and a systemic lens towards building ecosystems. We believe that every firm operates not in isolation but through a set of symbiotic relationships with actors across the value chain. The ability to think through these interconnections and find ways to design for better system-level outcomes can create a virtuous cycle of value creation that significantly outpaces mere individual firm growth.