Its debut Rs 200 crore (AIF) is structured as a Category II fund, which typically invests in private equity, debt, or a combination and is not permitted to undertake leverage except for day-to-day operational requirements. The fund aims to back businesses focused on inclusion, sustainability, and impact, with an average ticket size of Rs 4 to 5 crore, up to Rs 10 crore, said the company in its stock exchange filing.
“As a first-generation entrepreneur and a strong advocate of innovation and women empowerment, I am particularly excited about the kind of disruptive and high-potential businesses that SGAL-Scheme 1 aims to support,” said Dr HP Singh, chairman of Network. “I look forward to seeing how they evolve, take ownership, and contribute to building a differentiated investment platform that delivers both strong financial returns and meaningful impact,” he adds.
Shivika Sethi, a veteran venture capital and consulting professional with about 14 years of experience, will lead the fund. Sethi joined SGAL as a partner in late 2025 and has previously managed two $100 million funds.
“This fund offers a differentiated approach,” said Aditi Singh, director of SGAL and chief strategy officer of SCNL. “Its strategy is to empower women-led and women-focused businesses, driving inclusion and last-mile opportunity.”
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New Delhi-headquartered SCNL is a microfinance institution (MFI) with a presence in 26 states, 5 union territories and over 100,000 villages.
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