Microfinance Focus, September 8, 2011: LeapFrog Investments has made an investment of $15 million in Shriram CCL for extending quality insurance, savings, and investment products to the underserved Indian market.

The Sriram Group is a pan-Indian distributor of financial services to low-income segment. The company intends to utilize its strategic partnership with LeapFrog to further its financial inclusion goals.

“LeapFrog's expertise in providing innovative insurance products to the underserved segments along with Shriram's consistent track record in making a positive difference in the lives of its customers, present a potent combination. We, in Shriram, believe that this partnership will redefine financial inclusion in India", said, Mr. G.S. Sundararajan, Managing Director of Shriram Capital.

Launched with US President Bill Clinton in 2008, LeapFrog is an investment fund focused on inclusive insurance and other essential financial services. Through its portfolio companies, the fund aims to generate robust investment returns while covering 25 million vulnerable people in Asia and Africa.

Unitus Capital was the sole investment advisor assisting LeapFrog in this transaction, while Amarchand Mangaldas provided legal representation.