Intellecap

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At Intellecap, we take pride in nurturing talent and fostering meaningful career growth. Witnessing our employees share ...
29/05/2026

At Intellecap, we take pride in nurturing talent and fostering meaningful career growth. Witnessing our employees share their journeys and lead with intent is what ‘𝑹𝒆𝒂𝒍𝑻𝒂𝒍𝒌, 𝑹𝒆𝒂𝒍𝑰𝒎𝒑𝒂𝒄𝒕’ is all about. Get up close and personal with our trailblazers.

Today, we feature Sarah Njoroge, Principal, Intellecap.

Early Life
I grew up in the hilly parts of central Kenya as a firstborn in a family of eight, and that has shaped me in ways I am still discovering. Responsibility came early — not because it was imposed, but because it felt right. There was something deeply satisfying about helping around with household chores and even more so when I took on tasks that nobody had assigned me. That instinct, to see what needs to be done and simply do it — has, over time, become the quiet engine of my entire career.

I studied BCom Finance at the University of Nairobi and later completed an MBA in Strategy at Edinburgh Business School, Heriot-Watt University.

Transformational experience
My career began at KPMG in 2011 in finance and accounting advisory. It was an excellent grounding in rigour, navigating complexity, and translating technical work into strategic insight. But over time, something shifted.

Curiosity - about the story behind the numbers, the downstream impact balance sheets rarely capture. I started asking different questions — not just whether the numbers were right, but what they were leaving out. That question pulled me from finance into sustainability and impact-focused work, gradually and then very definitively.

Journey at Intellecap
Just over two and a half years ago, I joined Intellecap - and it has been the most intellectually alive I have felt in my career. I work across adaptation finance, financial inclusion, and ESG advisory across Sub-Saharan Africa.

What energises me is the cumulative effect of the work I do, from designing blended finance structures for agri-adaptation, to developing action plans that advance entrepreneurship or move an economy toward circularity. Each piece is a drop. Together, they are a tide.

Joining Intellecap has added a chapter to my story I did not know how to write before I arrived — one that has sharpened my skills, stretched my thinking, and raised the bar for what I believe is possible.

Outside of Work
Outside the office, you will find me on a long drive or a walk somewhere green. Nature resets my mind - it is where I find clarity and calm.

My most grounding teachers hold no professional credentials — a teenage son and a pre-teen daughter who challenge and inspire me in equal measure, reminding me daily that the future we are building is not abstract. It belongs to them.

To anyone just starting their journey: back yourself earlier than feels comfortable. The room will not always invite you in — walk in anyway.

At Intellecap, we are vocal for local to go global - because every innovation born in our communities has the power to t...
29/05/2026

At Intellecap, we are vocal for local to go global - because every innovation born in our communities has the power to transform the world.

is our visual series that brings to life how the right solutions turn real challenges into meaningful impact.

Challenge:

Climate change is hitting Africa hard, with rising temperatures, erratic rainfall, droughts, floods, and food insecurity intensifying water scarcity, disease spread, and conflicts. Farmers often lack affordable tools for precision farming, data‑driven decision‑making, and efficient resource management. Without innovations in areas like soil health monitoring, irrigation optimization, and market linkages, productivity remains low and vulnerability to climate shocks high. Despite its potential, Machine Learning or AI remains largely untapped, leaving farmers without predictive insights or smart tools to boost resilience.

Change:

With the African continent facing significant climate risks, including extreme weather, crop failures, and resource scarcity, there was a pressing need for innovative climate action solutions. Intellecap in Africa is focused on supporting AI-driven solutions through our work with Global Partners and African startups that can mitigate these impacts. Our vision is to increase awareness about the potential of emerging technologies like AI in tackling climate-related challenges, building solutions that can address climate change and benefit smallholder farmers in Africa, strengthening the overall AI startup ecosystem and by fostering innovation by working with startups at the intersection of AI and climate action.

Becoming the Voice of An Industry: MFIN’s Institutional JourneyEvery industry needs a steward. And microfinance found on...
28/05/2026

Becoming the Voice of An Industry: MFIN’s Institutional Journey

Every industry needs a steward. And microfinance found one in MFIN.

This thought piece from Arohan CEO and Managing Director, Manoj Nambiar, brings alive how Aavishkaar and Intellecap helped shape a self-regulating, responsible, transparent microfinance ecosystem that continues to serve millions while protecting borrower dignity.

MFIN, born out of a simple but stubborn idea, continues to prove that when an industry aligns around purpose, finance can become a force for profound social transformation. After all, growth is not our true measure. Impact is.

As we share the Group Impact Report 2025, we continue to celebrate the enduring institutions that make this progress irreversible. Because when institutions endure, transformation lasts.

Read the full report here: https://ow.ly/baYx50YSi5c

India’s energy transition is often framed as a choice between today’s energy security and tomorrow’s clean future.From w...
27/05/2026

India’s energy transition is often framed as a choice between today’s energy security and tomorrow’s clean future.

From where I see it, that framing misses the point.

India is undertaking something far more complex, and compelling. We are building a dual-track energy system where both objectives are being sequenced simultaneously.
Consider the scale: India will need to expand its installed power capacity to ~900 GW by 2032 — nearly doubling today’s base. At the same time, we’ve already crossed 263 GW in renewable capacity and achieved 50% non-fossil fuel capacity five years ahead of target. But this isn't simply a matter of energy source replacement. Thermal still accounts for ~70% of generation, and continues to play a critical role in grid stability as renewables scale. The more useful way to think about this transition, especially from a capital markets lens - is as a portfolio strategy.

What makes this even more interesting is that the friction points, i.e cost of capital, DISCOM risk, transmission gaps, are not just constraints. They are where disciplined capital can create disproportionate value.

In my recent op-ed piece for Renewable Mirror, I share that India’s energy transition is no longer just an infrastructure story. It is the creation of a sovereign strategic asset. One that will define our energy security, climate commitments, and industrial competitiveness for decades to come.

Intellecap's Investment Banking Group is delighted to announce its role as the exclusive advisor to Greenwave Circularit...
27/05/2026

Intellecap's Investment Banking Group is delighted to announce its role as the exclusive advisor to Greenwave Circularity in its $31.5 Mn fund raise from OeEB - The Development Bank of Austria.

Greenwave's circular plastic recycling facility in Odisha is reshaping how we imagine . And this capital from OeEB will help them transform it to faster and at greater scale. At Intellecap, we believe that impact businesses deserve world-class advisory support. We are proud to have guided Greenwave through a complex, cross-border fundraising process and helped them forge a partnership with OeEB — a leading European development finance institution committed to sustainable development in emerging markets. This fundraise will accelerate their impact, creating cleaner and more resource-efficient systems at scale.

Speaking about the transaction, Devang Kumar, CEO, Greenwave Circularity, said "Intellecap IBG’s professionalism, expertise and committed team steered Greenwave through this fund raising journey to bring us to this significant milestone. With OeEB’s support, we are well-positioned to establish our footprint, aligned with international benchmarks, and drive meaningful progress in building low emission supply chains across the FMCG packaging segment".

Sabine Gaber, CEO and Member of OeEB’s Executive Board, said “Supporting innovative circular economy solutions such as GreenWave Circularity reflects OeEB’s commitment to scaling climate-relevant investments with strong development impact. By partnering under the EFSD+ framework and leveraging the TGVC guarantee, we can help mobilise private capital for sustainable industrial transformation while strengthening local value chains and resource efficiency in emerging markets such as India.”

Ashim Ranu, MD - Intellecap, said "Greenwave Circularity’s successful raise from OeEB demonstrates the strong momentum behind circular economy solutions in addressing pressing environmental challenges. At Intellecap, we are committed to enabling such catalytic partnerships that drive both commercial value and measurable impact".

GreenWave OEEB

We’re excited to welcome Ruchika Shah to Intellecap! ✨She joins us as Principal and will work closely with the Circular ...
27/05/2026

We’re excited to welcome Ruchika Shah to Intellecap! ✨

She joins us as Principal and will work closely with the Circular Economy and Sankalp teams to build and nurture strategic alliances, foster outcome-oriented communities of practice, and strengthen storytelling around our work and the people driving it.

Welcome aboard, Ruchika! ✨

Today we express our gratitude and congratulations to Anurag Gupta, Partner, Intellecap for his journey of 15+ years wit...
26/05/2026

Today we express our gratitude and congratulations to Anurag Gupta, Partner, Intellecap for his journey of 15+ years with us. It is indeed a proud moment for all of us.

Anurag has built deep expertise to evolve into a strong leader. His ability to cultivate long term relationships stands out as does his patience and approach in navigating complex situations. He has consistently remonstrated strategic thinking with ex*****on excellence.
Over the years, his role in strengthening client partnerships and contributing to a high-trust culture is laudable.

We posed three questions to Anurag that illuminates pivotal moments from his career with us.

Which work or moment best represents the impact you’ve created at Intellecap, and why?

One of the most meaningful contributions has been leading large-scale natural resource management and landscape restoration initiatives with governments and development partners such as World Bank and JICA. The ability to translate complex policy and sustainability objectives into implementable field-level systems, while improving livelihoods and ecological outcomes simultaneously, best reflects the impact I have aimed to create at Intellecap.

How has your experience here influenced the way you think about impact compared to when you first joined?

My experience at Intellecap has significantly broadened my understanding of impact from being project-centric to systems-centric. Earlier, I viewed impact primarily through outputs and delivery. Over time, I have come to appreciate the importance of institution building, community ownership, private sector participation, and long-term sustainability in creating scalable and measurable development outcomes.

What kind of impact are you most excited to contribute to in the next phase of your journey at Intellecap?

In the next phase of my journey at Intellecap, I am particularly excited about contributing to climate-resilient rural economies through technology-enabled and enterprise-driven solutions. I see strong potential in integrating AI, digital systems, climate finance, and community institutions to strengthen natural resource management, enterprise & investment promotion, and rural market ecosystems at scale.

We celebrate with Anurag and continue to be inspired by his passion and zeal. We are sure there will be more incredible milestones, and we wish him all the best.

Register Now for Our New Virtual Workshop Series on Green Financing for Textile MSMEsAfter a successful run of our virtu...
26/05/2026

Register Now for Our New Virtual Workshop Series on Green Financing for Textile MSMEs

After a successful run of our virtual capacity-building series for Textile & Apparel MSMEs, engaging over 180 unique MSMEs across sessions on environmental sustainability, compliance, resource efficiency, and worker welfare, we are excited to launch our next workshop series “Green Financing for Textile MSMEs” in collaboration with Confederation of Indian Textile Industry (CITI).

As the textile industry navigates rising energy costs, evolving buyer expectations, and increasing pressure to decarbonize operations, access to affordable and scalable clean energy solutions has become more important than ever.

While many MSMEs are keen to adopt renewable energy solutions, financing access, upfront investment requirements, and limited visibility on viable business models continue to remain key barriers.

Join Us to know more about -
-Alternative financing options for solar and BESS
-Flexible models such as leasing and pay-as-you-go
-How pooled procurement can reduce upfront cost
-Eligibility, documentation and repayment requirements

To address this gap, our first workshop in the series will focus on: Financing Renewable Energy & BESS Solutions for Textile MSMEs

29th May 2026
03:00 PM – 04:30 PM
Registration Link- https://ow.ly/Vgqo50Z3IzG

This workshop is designed to help textile manufacturers better understand how renewable energy adoption can become commercially viable, operationally feasible, and easier to implement.

This series is a part of our decarbonisation initiative “STEP” - Sustainable Transition & Efficient Production for the Textile & Apparel Value Chain, which is supported by the EU SWITCH-Asia, Doen Foundation and the H&M Group.

200,000+ mothers monitored across 800+ hospitals—and now national visibility through Shark Tank India for Janitri Innova...
26/05/2026

200,000+ mothers monitored across 800+ hospitals—and now national visibility through Shark Tank India for Janitri Innovations 🚀

From the × Artha Impact Awards to national television, it’s been an exciting journey to watch Janitri grow.

Founded by Arun Agarwal, Janitri is building in one of India’s most critical healthcare areas: maternal and neonatal outcomes.

Its real-time maternal and fetal monitoring were built after extensive on-ground research into why preventable childbirth complications continued despite institutional care.

At the Sankalp Bharat × Artha Impact Awards 2024 in Varanasi, Arun was recognised with the Global Impact .

Soon after, Janitri stepped onto Shark Tank India Season 2, where Namita Thapar invested ₹1 crore for 2.5% equity—bringing wider visibility to a company solving a critical healthcare challenge.

Congratulations to the Janitri team—we’re excited to see what comes next 👏

Launching Our New Virtual Workshop Series on Green Financing for Textile MSMEsAfter a successful run of our virtual capa...
25/05/2026

Launching Our New Virtual Workshop Series on Green Financing for Textile MSMEs

After a successful run of our virtual capacity-building series for Textile & Apparel MSMEs, engaging over 180 unique MSMEs across sessions on environmental sustainability, compliance, resource efficiency, and worker welfare, we are excited to launch our next workshop series “Green Financing for Textile MSMEs” in collaboration with Confederation of Indian Textile Industry (CITI).

As the textile industry navigates rising energy costs, evolving buyer expectations, and increasing pressure to decarbonize operations, access to affordable and scalable clean energy solutions has become more important than ever.

While many MSMEs are keen to adopt renewable energy solutions, financing access, upfront investment requirements, and limited visibility on viable business models continue to remain key barriers.

To address this gap, our first workshop in the series will focus on: Financing Renewable Energy & BESS Solutions for Textile MSMEs

29th May 2026
03:00 PM – 05:30 PM
Registration Link- https://ow.ly/PCo650Z3IzE

This workshop is designed to help textile manufacturers better understand how renewable energy adoption can become commercially viable, operationally feasible, and easier to implement.

This series is a part of our decarbonisation initiative “STEP” - Sustainable Transition & Efficient Production for the Textile & Apparel Value Chain, which is supported by the EU SWITCH-Asia, Doen Foundation and the H&M Group.

Presenting our 6th ‘Thought Capsule’ a series of 2–3 minute reads, delivering insights andperspectives across a variety ...
25/05/2026

Presenting our 6th ‘Thought Capsule’ a series of 2–3 minute reads, delivering insights and
perspectives across a variety of impact areas - perfect for busy leaders who want high‑value thinking in a bite‑size format.

Today we present George Murage, Manager, Intellecap and his incisive piece, ‘Connection Over Capital: The Underrated Driver of Economic Growth in Africa’. Read on …

Working in the entrepreneurship and impact investing ecosystem has taught me that one of the most underrated drivers of economic growth in Africa is not just capital; it is connection.

Over the years through my work with Sankalp Africa and broader ecosystem engagement, I have seen brilliant founders struggle not because they lacked ambition or even viable business ideas and businesses, but because they lacked access: access to the right
investors, mentors, markets, strategic partners, and knowledge partners.

One assumption I have had to unlearn is that ecosystems naturally organize themselves around the best ideas. They don’t. In reality, ecosystems grow when intentional platforms exist to convene people, build trust, and reduce the distance between opportunity and
capital.

A founder in Kigali may be solving a major agricultural problem, while an investor in Nairobi or London is actively looking for climate-smart opportunities. Yet, without the right platform to connect the two, those worlds may never meet.

This is why convenings matter. When done well, they are not simply events; they become marketplaces for ideas, partnerships, talent, and most importantly - long-term collaboration. Some of the most valuable outcomes are often not the keynote speeches but the side conversations that unlock investment, partnerships, or new ways of thinking.

African entrepreneurship has also taught me that resilience alone is not enough. Founders need stronger support systems, smarter networks, and more patient capital that understands local realities. The future of Africa’s startup ecosystem will not be built by isolated actors. It will be built by connected communities that intentionally
share knowledge, trust, and opportunity across borders and sectors.

Follow and do stay tuned for more insightful stories from across the Global South and share your thoughts on this piece. DM us here. We would love to hear from you and your take.

Address

Intellecap, 2nd Floor, Naman Center, C-31, G Block, Bandra Kurla Complex, Bandra East
Mumbai
400051

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