Responsible Investing

Responsible Investing

At Earlsfield, we are committed to promoting practices that
positively impact the ecosystem

Job Creation

Technology has the potential to create millions of jobs. Our capital aids in creating jobs thereby improving lives and livelihood

Financial Inclusion

Earlsfield backed companies provide financial services and access to credit to the excluded low-income households

Combating Illiteracy

We are keen on models that enhance accessibility or quality of education

Improving Lives

We invest in businesses that are enabling the essential value chain and are improving the living and earning conditions of the lower income population

Our Responsible Investing Framework

We measure the success of our investments not only by financial outcomes, but by tangible, on-ground impact and opportunities created.

Our investments are focused on sectors that have a pressing need for deep impact

India and Southeast Asia have a wide array of industries that are undergoing mass digital transformation. At Earlsfield, we believe that each of our focus sectors provide an opportunity to create change at the grassroot level.

Financial Services

Exclusion from the formal financial system keeps hundreds of millions of people trapped in a cycle of poverty. While government programs have enabled easier access to financial services for more than 70% of Indian and Southeast Asian adults, many people still rely heavily on informal methods such as moneylenders and cash storage. However, this is not only unsecured, expensive, and inconvenient, but can also exacerbate household financial crises. Access to affordable financial services provides a gateway of opportunities to the masses.

Share of Unbanked, Underbanked & Banked Consumers in Southeast Asia (SEA)

Source: Bain&Company, Google, Temasek, 2019


The agricultural sector is a central pillar of the Indian & Southeast Asian economies, employing 40-50% of the workforce and providing a significant contribution towards the GDP. However, productivity and yield remain a challenge, and hence poverty and malnutrition in rural areas remains high. In addition, water shortages, a changing climate, and fragmented land holdings make it difficult for millions of smallholder farmers to feed their families, much less earn a profit from their labour. 

Below are some aspects of indian agriculture that need to be addressed :-

Employer Rationalization

Agriculture sector employs 43% of India’s Workforce, contributing only 16% to GDP

Financial Service

Lack of adequate data prevents the adoption of financial services such as credit and insurance

Supply Chain

Post harvest losses in India amounts to US $13 billion

Market Linkage

Farmers are unable to get fair price due to limited sales channel

Digital Infrastructure

Data and digital records of transitions limited across the agriculture value chain

Land Degradation

Farmers are not educated enough to use fertilisers efficiently, leading to worsening soil quality


Both India and Southeast Asia have some of the youngest demographics in the world and with a median age below 30 years, a significant part of the population is of the education age-group. However, the gross enrollment ratio (GER) for primary education in these geographies remains below 30%, which is much lower than the ~70% GER seen in developed parts of the world. With over 500 million people in the primary and secondary education bracket, providing access to quality education remains one of the largest challenges facing nations in the region. The need for quality online education has become more apparent since COVID19 closed traditional schools and Universities for over 18 months.

In Indian higher education stands at 26% in 2020, lagging substantially Behind other nations

GER (Gross Enrolment Ratio)

Source: RedSeer, UNESCO Institute, 2020

Logistics & Warehousing

The global average contribution to GDP of the Logistics sector is ~6-8%, however, in India and Southeast Asia, this figure is anywhere between 10-15%. Additionally, logistics as a sector is responsible for a significant portion of employment in these geographies and is the leading employer of blue and grey collared workers. Digitization and removal of inefficiencies from the sector clubbed with modernization of regulations and private intervention could potentially catalyze job creation, formalization of the blue-collar workforce as well as provision of necessary social benefits.

Growing Gigs

Construction, manufacturing, retail, transportation and logistics sectors may create around 70 million ‘gigable’ jobs within 8-10 years.

Source: Unlocking the Potential of Gig Economy in India Report, BCG, 2021


E-commerce in developing economies of India and Southeast Asia has witnessed impressive growth, however, still accounts for less than 4% of the total commerce. Commerce has conventionally been restricted to offline trade and these geographies thereby have many small and micro entrepreneurs, who are unable to scale and grow their businesses due to lack of resources. Small businesses are responsible for over 40% of the employment and cater to over 40% of the regions GDP.

46% SMEs had increase in sales with online marketplace listing in 2020. Adoption of e-commerce is also able to boost profit margins by up to 49% as a result of overhead costs and upfront capital investment

Source: The Internet Economy in the G20, BCG


Sub-optimal availability and accessibility to health facilities in rural areas and underutilization of established capacities in the public sector have resulted in unsatisfactory health outcomes across developing economies. The healthcare services and systems face challenges of workforce shortages, absenteeism, poor infrastructure, and quality of care. Besides the lack of overall healthcare infrastructure, another major concern for the healthcare sector is the low level of medically insured population and high out-of-pocket expenditure. Earlsfield Capital focuses its Healthcare investments on new-age technology companies solving for the three pillars of healthcare- Accessibility, Affordability & Quality.

World Health Organisation, 2020

Beyond direct impact

The problems facing nations like India and in Southeast Asia stretch beyond direct tangible impact and the sometimes-rigid social fabric of these countries causes deep-rooted issues. We at Earlsfield Capital believe that although direct impact is measurable, we will consistently strive to create formal frameworks for problems that go beyond economical gains and address social and societal constraints. Gender equality and minority representation warrants continuous focus, not just through our investments, but through added initiatives that catalyze the journey to equality and uniformity versus marginalization.

We invest in companies and sectors that have the potential to create mass impact across the value chain and make a fundamental difference to people’s lives. Our decisions on investment sectors are in line with ‘Social Development Goals’ designed by the United Nations, that recognize the world’s most important global challenges.

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