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 $100+ million to support healthcare enterprises. The program uses a three-fold tactic to mobilise a capital pool from diverse partners.
Two key funding modalities are undertaken to raise financial assets for the program:
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.
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.
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:
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.