C4D Partners

Name

C4D Partners

Legal name

C4D Fund Management (India) Pvt. Ltd.

Website

https://c4dpartners.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

C4D Partners (Capital 4 Development Partners) is a Netherlands-based, gender-smart impact investment fund manager that deploys patient capital into early-stage SMEs across India and Southeast Asia, operating two funds (US$30M Asia Fund and US$75M Bharat Shubharambh Fund) with a hybrid VC-PE strategy focused on climate action, livelihood, and gender equity.

Ownership category

akta.pro rank

Product category

Impact Investment Fund Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industries

Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM), Business Services (B2B) Growth Equity (FSANACAD), Development Finance & Blended Finance Facilities (BPADAOAD)

Keywords

• Impact investment fund
• Venture capital services
• Gender lens investing
• Esg focused funds
• Private equity management

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: C4D Partners generates revenue through management fees charged on assets under management. The fund operates as a traditional alternative investment fund manager with a standard 2-and-20 fee structure typical of impact PE/VC funds.
2. Carried Interest (Carry): Performance-based carried interest from successful portfolio company exits. C4D has achieved multiple exits including Freyr Energy (~200% ROI in three years), Ananya Finance, and other portfolio companies, generating carried interest returns for the fund manager.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

C4D Partners is a gender-smart impact investment fund management company that raises and deploys capital through two primary funds—the C4D Asia Fund (USD 30 million) and the C4D Bharat Shubharambh Fund (US$ 75 million, India-dedicated). The firm invests patient equity capital into early-stage growth SMEs across India and Southeast Asia, targeting businesses in climate action, livelihood for underserved communities, and gender equity, while committing at least 30% of corpus to women-owned/led enterprises.

Product overview

C4D Partners (Capital 4 Development Partners) is a gender-smart impact investing fund management company that operates two primary investment funds: the C4D Asia Fund (USD 30 million) and the C4D Bharat Shubharambh Fund (US$ 75 million India-dedicated fund). Their investment strategy focuses on early-stage growth SMEs across sectors including climate action, livelihood for underserved communities, and gender equity. The funds employ a hybrid VC-PE approach, investing at the VC stage but operating with PE discipline. They commit to investing at least 30% of their corpus in women-owned/led SMEs. As part of their investment support, they offer the Portfolio Support Program (PSP) providing technical assistance and business development support to portfolio companies.

Differentiator

Problem solved

Functional benefit

Brands

• C4D Asia Fund: First impact investment fund of USD 30 million investing across India, Indonesia, Philippines, Nepal and Cambodia with 29 investments in ESG-focused businesses.
• C4D Bharat Shubharambh Fund

Products and services

• C4D Asia Fund Impact investment fund of USD 30 million invested across India, Indonesia, the Philippines, Nepal, and Cambodia with 29 investments in purpose-driven SMEs focused on climate action, livelihood for underserved communities, and gender equity. The fund is committed 100% to ESG-focused businesses, of which 42% are women-owned/led companies, and targets early-stage growth SMEs across Asia.
• C4D Bharat Shubharambh Fund India-dedicated impact investment fund of US$ 75 million investing in growing businesses across India that demonstrate potential to create meaningful impact through their business models and deliver value to their stakeholders. The fund targets SMEs in climate action, livelihood for underserved communities, and gender equity themes.

Quantifiable outcome

• 58% of investments in women-owned/led businesses
• +7 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• SME Finance ForumcoreOthers · 1 August 2023C4D Partners joined the SME Finance Forum as a member of its global membership network. The Forum, established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 and managed by IFC, brings together 240+ financial institutions, technology companies, and development finance institutions across 190+ countries sharing the goal of expanding access to finance for SMEs.
• AmazoncoreStrategic or Co-development PartnerStrategic partnership where Amazon asked Mirakle Couriers (C4D portfolio company) to set up Mirakle hubs across India for Amazon deliveries and last-level sorting by pin code. The partnership significantly impacted Mirakle's performance and enabled hiring of more female employees.
• Blue DartminorStrategic or Co-development PartnerMirakle Couriers, C4D's portfolio company, works with Blue Dart and other major courier companies for delivery operations, leveraging the growing logistics sector to create meaningful employment for the deaf.
• Starbucks IndonesiacoreStrategic or Co-development PartnerGreen Rebel, C4D's portfolio company in Indonesia, has partnered with Starbucks Indonesia as a plant-based food supplier, along with Boga Group, Domino's Pizza, and ABUBA Steakhouse.
• Domino's Pizza IndonesiaminorStrategic or Co-development PartnerGreen Rebel supplies plant-based frozen food products to Domino's Pizza Indonesia as part of their food manufacturing and retail operations.
• Friends of Women's World Banking India (FWWB)coreStrategic or Co-development PartnerAnanya Finance was set up by FWWB India, which has played a critical role in nurturing and developing several MFIs over three decades. C4D supports Ananya's mission of capacitating Farmer Producer Companies.

Scale indicators29 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aavishkaar Capital: India-headquartered impact PE/VC firm investing in early-stage SMEs across financial inclusion, agriculture, healthcare and clean energy. Direct comparable to C4D on geography, stage, sector mix, and impact/return dual mandate.
• Lok Capital: India-focused impact fund manager backing financial-inclusion and livelihood SMEs (similar to C4D portfolio thesis around Ananya Finance and LabourNet). Comparable fund size, vintage cadence, and gender-screening orientation.
• LeapFrog Investments: Emerging-markets PE/VC firm investing financial-services and healthcare businesses serving low-income consumers across Asia and Africa. Comparable on emerging-market SME focus, scale of AUM, and commercial-impact thesis.
• responsAbility Investments: Swiss-based impact asset manager deploying private debt and equity into financial inclusion, climate, and SME financing across emerging markets. Similar DFI-backed LP base and thematic PE/VC overlap with C4D's portfolio.
• Triodos Investment Management: European sustainable/impact investment manager with private equity and debt funds in emerging markets including India. Netherlands-domiciled like C4D Partners B.V., with overlapping DFI LP base and ESG-screen methodology.

Broad incumbents

• Omidyar Network: Global impact investment fund established by eBay founder Pierre Omidyar, with India and Southeast Asia as core geographies. Operates at much larger AUM scale but shares the gender-smart, livelihood, and digital-inclusion investment philosophy that defines C4D's niche.
• Acumen: Global impact fund focused on energy, health, and agriculture businesses serving low-income customers. Pioneering peer in patient-capital impact investing; overlaps C4D's climate-livelihood thesis but at broader geographic and scale footprint.

Emerging players

• Capria Ventures: Global impact fund-of-funds and direct investor backing emerging-market fund managers. Operates a Global South Investors network relevant to C4D's DFI-aligned LP positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/c4dpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about C4D Partners