Administration of Equity Investment in Satsure Analytics India Private Limited

The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to the equivalent of $3,500,000, with an initial investment of up to $1,000,000 in Satsure Analytics India Private Limited (Satsure) to expand its operations in India. The investment will be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested in subsequent fundraising rounds that Satsure is expected to undertake as equity or quasi-equity. Consistent with the establishment arrangements for the fund, ADB will not invest its own capital alongside the fund.Satsure is a geospatial analytics company that makes remote monitoring and assessment for the financial services sector easy, quick, and cost effective. It provides clients access to historical and real-time data to supplement the loan assessment, monitoring and collection activities of banks and assist insurance companies in risk monitoring and claims management. Satsure's propriety data science and machine learning platform enable financial institution partners to provide access to financial services to small and marginal farmers vulnerable to climate change due to agriculture sector's heavy reliance on rainfall. Increased access to credit and insurance products will enhance farmer's financial capacity to become more climate resilient. Satsure's mission to bridge the financial services gap for farmers aligns with ADB's operational priorities of tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability in Asia and the Pacific.