Skip to content

    Impact Finance & Strategy

    There is a whole kind of funding most founders never approach, because nobody told them it was for companies like theirs.

    In this lane, the story is not the pitch. The evidence is the pitch. (read where we wrote it)

    Some firms measure a company’s impact. Others raise impact capital: money that wants a social or environmental result as well as a financial return. Few do the strategy, the fundraising and the impact reporting for the same company. We do, for startups and MSMEs alike.

    Mainly for

    Which impact service fits your raise?

    Each one has its own page. Point at a name for a two-line explanation.

    Does your business qualify for impact capital?

    Founders get this wrong both ways. Some think doing good means they qualify. Others think a business run for profit never could. There is a real test, four gates, and most companies fail the same one.

    1. Gate one

      Theme

      Does the business sit on a problem the world has agreed matters?

      Health access. Financial inclusion. Climate and energy. Food and farming. Education and skilling. Water and sanitation.

      A lender to people the banks ignore passes. A diagnostics chain in small towns passes. Their founders rarely realise it.

      If you fail it

      Fail theme and you are a commercial business. Raise commercial money, and stop wasting time.

    2. Gate two

      Intentionality

      Is the impact built into how the business makes money, or is it a side effect?

      If you doubled revenue tomorrow, would the impact double?

      If the answer is yes, the impact is running through the revenue, and that is the version funders want.

      If you fail it

      Fail intentionality and donors may fund a programme you run, but not the company itself.

    3. Gate three

      Additionality

      Would commercial money have served these customers anyway?

      This is the gate founders fail most, and the one that matters most.

      It asks what the market would have done without this money. No founder can judge that fairly about their own company: nobody can see it, and everyone wants the answer that lets them in.

      If you fail it

      Fail additionality and take it as a compliment. Commercial money is open to you, and it is faster anyway.

    4. Gate four

      Measurability

      Can you track the outcome, over time, with data?

      An impact claim with no data behind it is not a weak claim. It rules you out.

      The good news, and it is genuinely good news, is that most companies clear this gate more easily than they fear.

      If you fail it

      Fail measurability and it is not a no, it is a not-yet. It is usually six months of work, not a problem with how the business is built.

    An investor does not fund "good intentions." They fund a business that passes four gates. (read where we wrote it)

    Which impact work does the raise need?

    The work has two halves. The first is the money: impact funds, foundations, development banks, and the grants and schemes beside them. It also covers blended deals, where cheaper public or donor money brings commercial investors in. The second half is impact measurement: the reporting these funders require, and the part founders most often underestimate.

    1. Impact & Blended FinanceImpact funds, blended structures, foundations and development finance as a capital route: which investor fits, and how to make the case.

      • Who funds impact
        • Matching your mission to the funders who back it
        • Grants and schemes you can use alongside the raise
        • The impact fund that found you first may not suit your growth round
      • Blended structures
        • Grants, loans and equity used together, not one instead of the others
        • Where it helps, one funder agrees to take the first loss, so bigger investors come in
        • Terms that the next round can live with
      • The case
        • How your work leads to the good it does, said in funders' words
        • Results measured, so your case is proof, not good intentions
        • Financial numbers that an impact fund and a regular fund can both invest on
    2. Impact MeasurementMeasuring your impact inside the finance function: clear outcomes, data collected as you work, and reports in the form impact investors ask for.

      • Define the outcomes
        • What to track, and how to count it, chosen with your funder's method in mind
        • Starting numbers recorded before the work begins, not guessed afterwards
        • How much of the change you really caused, said honestly, limits included
      • Instrument the data
        • Impact numbers collected from daily work, not added on later
        • Data collected as often as you report it
        • One source, so the impact report and the board report agree
      • Report to funders
        • Each funder's own report, made from one set of data
        • Writing that links your results to your financial numbers
        • Proof an auditor can check behind every number you claim

    Check which of the four gates your business clears

    Every question asks what you do or what is true, and has an answer that can be checked. There is no room to flatter yourself.

    For now our team runs it with you, so you get the result in a conversation, not as a file.

    The impact assessment toolkit: a way to measure your impact that funders will accept, before you have a team to do the measuring. Ask for the toolkit

    Take the routes that sit beside impact capital

    Government grants and schemes fund the same kind of company as impact capital. You can search our register of them by stage and sector.

    Debt & Blended Finance is for a company that needs a loan or a credit line, not money from a fund.

    Grant money gets filed mentally under charity, so a real business assumes it isn’t for them. (read where we wrote it)

    Read these before you approach impact capital

    • Blogs

      18 Sept 2026, 5 min read

      Are You an Impact Company and Don't Know It?

      Founders get this wrong in both directions. Some assume doing good means they qualify; others assume a commercial business never could. There is an actual test, four gates, and most companies fail the same one.

    • Blogs

      16 Sept 2026, 9 min read

      The Capital Most Founders Never See

      A diagnostics chain across tier-2 towns was told its margins were thin and its geography hard. In the language of a whole class of investors, it was an impact business, and there were funders whose entire job was to back exactly what it was building. Not a shortage of capital: a blind spot about which capital.

    • Blogs

      18 Sept 2026, 5 min read

      The Same Business, Five Different Conversations

      The same deck gets five different reactions from five kinds of impact capital. That isn't incoherence: each funder is asking the one question their mandate forces. Here's the grammar they share, and the five dialects they speak.

    • Blogs

      18 Sept 2026, 5 min read

      Impact Reporting Never Ends: Make It an Asset

      About four months after the round closes, an email arrives with a reporting template and forty fields nobody tracks. Impact measurement runs for as long as the money does, and built properly, it's one of the more useful assets a company can own.

    • Blogs

      18 Sept 2026, 5 min read

      Who Actually Funds This: A Founder's Map

      Five families fund impact businesses in India, each with its own calendar and behaviour. Knowing which one fits saves months of chasing the wrong door.

    • Blogs

      18 Sept 2026, 5 min read

      The Capital Stack, Cheapest to Most Commercial

      Founders raise a round. Capital actually comes in layers, ordered by how much return it wants back. Each layer should buy the de-risking that makes the next one cheaper, and taking them out of order is expensive.

    Which practice works beside impact consulting?

    From Sanskriti Jhaveri, Lead - Growth & Partnerships, Impact Finance & Strategy

    Ask a founder to name venture funds and you’ll get a dozen without pausing. Ask who funds affordable healthcare in tier-2 India, or lending to borrowers with no credit history, or a model that needs seven years to prove itself. The room goes quiet. Not because the answer is obscure. Because nobody ever told them there was one.

    Everyone had been treating impact measurement as something you get past to close the round: a hurdle at the door, cleared once. It isn’t. It’s a discipline that runs for as long as the money is invested, and for most of these funders that means years.

    Sanskriti Jhaveri, Lead - Growth & Partnerships, Impact Finance & Strategy