Satin Growth Alternatives (SGAL), a subsidiary of Satin Creditcare Network (SCNL) based in India, has officially launched its first fund, SGAL-Scheme 1, following approval from the Securities and Exchange Board of India (SEBI) on April 13, 2026. The fund is set to raise ₹200 crore (approximately $24 million USD) and focuses on investing in businesses that prioritize inclusion, sustainability, and impact. With an average ticket size ranging from ₹4 to ₹5 crore (around $480,000 to $600,000 USD), the fund can extend investments up to ₹10 crore (about $1.2 million USD). Leveraging SCNL's extensive network across 550+ districts in India, SGAL-Scheme 1 aims to source high-potential businesses through grassroots-level vetting. The fund will be managed by Shivika Sethi, who brings 14 years of experience in venture capital and consulting, having previously managed two funds of $100 million USD each. Sethi is enthusiastic about deploying her expertise to create a fund that not only offers attractive returns for limited partners but also provides transformative capital solutions for the businesses it supports.