#1 MOBILIZE AND CONVERGE FINANCIAL RESOURCES
Development financing, by itself, is insufficient to address the diversity and scale of healthcare challenges in India. However, through strategic partnerships, it can be leveraged to mitigate investor barriers in healthcare and unlock public and private capital flows for high impact solutions in the sector. Optimising this approach, SAMRIDH combines philanthropic and public funds with commercial capital, to mobilize $300+ million to support healthcare enterprises. The program uses a three-fold tactic to mobilise a capital pool from diverse partners.
SAMRIDH mobilises resources from multiple segments, like philanthropies, international aid organisations, and adopts new approaches to attract capital from public & private sector.
Two key funding modalities are undertaken to raise financial assets for the program:
- Grant funding: Partnerships with Bilateral & Multilateral Donors, Corporate CSR, Family Offices & Foundations, High Net-worth Individuals to generate a pooled fund of $50 million
- Syndicated loan: Strategic engagements with Public & Private Banks, Non-Banking Financial Corporations, Development Finance Institutions to facilitate access to syndicated loan facility and get a leverage of over 5-10x for every dollar invested through grant pool.
Adopting a goal-oriented approach, we align with partners to combine resources for a common goal and advance our shared vision to strengthen healthcare delivery in India.
#2 IDENTIFY HIGH IMPACT HEALTHCARE SOLUTIONS
India has a thriving innovation and entrepreneurial landscape, yet the ecosystem lacks a ready pipeline of “investable” businesses to improve healthcare delivery for the vulnerable population. The solutions on offer, while addressing some of the critical healthcare challenges in the country, often fall short of minimum commercial viability, and are unable to deliver impact at scale. Reacting to this need, SAMRIDH follows a systematic approach to identify inclusive business models from a teeming pool of solutions in the market.
#3 ENABLE ACCESS TO AFFORDABLE GROWTH CAPITAL
The healthcare sector’s perceived association with financial risks limits opportunities of private financing for enterprises and innovators in the space. Moreover, capital needs of social entrepreneurs differ by type and stage of their solution, the diversity of which the investor community is unable to meet. Recognising these challenges, SAMRIDH aims to enhance access to affordable capital for healthcare enterprises through three key functions of its blended finance facility:
#4 MONITOR AND EVALUATE IMPACT FOR SCALE
Given SAMRIDH’s intricate operating model, with multi-stakeholder partnerships and customised financial instruments, the program runs a tight ship on tracking the progress and effectiveness of its investments. Moreover, with limited precedence on leveraging blended finance tools to support healthcare solutions, we maintain constant focus towards developing measurement systems and assimilating learnings for dissemination to wider audience.
Key Stakeholders
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