Founded in 2014, Ankur Capital operating out of Mumbai is a social venture fund that invests in start-up businesses that impact low income communities in India. They provide financial and technical support to create sustainable and scalable ventures. They back entrepreneurs in the areas of productivity enhancement, income generation, health and education who have inclusive models that can lead to transformations in these communities. Investments include PBK Waste Solutions, Crop-in Technologies, and ERC EyeCare.
Founded in 2014, Asha Impact based out of Delhi is a platform to facilitate successful business leaders and entrepreneurs to leverage their combined capital, networks and expertise to address the critical development challenges facing India and other emerging economies through impact investing, venture philanthropy and policy advocacy. It comprises a Delhi-based trust and multiple affiliates and partners and is focused on providing equity and grant capital to social enterprises as well as engaging with government, business and civil society on key policy issues. It provides funding and strategic support to enterprises that deliver innovative solutions to critical social issues while demonstrating scale and sustainability.
Omidyar Network, based out of Mumbai in India invests in entrepreneurs who share their commitment to advancing social good. Their focus areas are Consumer Internet and Mobile, Education, Financial Inclusion, Governance & Citizen Engagement, and Property Rights. Omidyar Network employs a flexible capital model that includes impact investments alongside traditional grants. Notable investments and grants include HealthKart, Quikr, TeachforIndia and Intellegrow.
Founded in 2001, Acumen operating out of Mumbai in India is a non-profit that raises charitable donations to invest in companies, leaders, and ideas that are changing the way the world tackles poverty. The donations are used to make patient long-term debt or equity investments in early-stage companies providing reliable and affordable access to agricultural inputs, quality education, clean energy, healthcare services, formal housing, and safe drinking water to low-income customers. Notable investments include Ziqitza, Lifespring, Visionspring and BASIX Krishi. Acumen has 5 offices in 5 different countries and their focus is on India, Pakistan, West Africa and East Africa.
Caspian Impact Investment Adviser (“Caspian”), based out of Hyderabad is an investment advisory firm that invests capital in socially responsible, multiple bottom line businesses delivering financial and social value. For 10 years, they have invested debt and equity capital into high quality companies in India, with the intention to generate social and environmental impact alongside a competitive financial return. Focus sectors include food & agriculture, small business finance, microfinance and affordable housing.
The Michael & Susan Dell Foundation was established in 1999 in Texas. The India office opened in 2006. Their efforts focus on urban programs that foster high-quality education and childhood health, and improve family economic stability among India’s urban poor, including an estimated 7.6 million children living in slums nationwide. Their efforts are centered in 15 major cities. They partner with a range of stakeholders, including governments, businesses, NGOs, implementation experts, community organizations and other philanthropies.
Grameen Capital was established in 2007 as a joint venture between Grameen Foundation, Citicorp Finance and IFMR Trust. In November 2012, Amit Patni and Arihant Patni acquired IFMR Trust’s stake in Grameen Capital, in a landmark investment, marking a first-of-its-kind exit in the social business space.
Lok Capital based out of Delhi and Chennai, was launched at the end of 2000 with the support of a grant from the Rockefeller Foundation. Lok Capital defines itself as a hands-on financial investor with social performance goals and standards, dedicated to promoting financial and social inclusion through all its activities. Lok Capital manages two BoP funds with over $85mn under management dedicated to long term equity investing in enterprises serving BoP and not-for-profit
Unitus Seed Fund, part of the Unitus Group that has been operating since 2000 invests in startups innovating for the masses in India. It is based in Seattle, Washington with an additional office in Bengaluru, India. Unitus focuses exclusively on seed-stage equity, investing in high-growth sectors in India offering profit with built-in impact. Unitus has raised over $20 million in investment commitments from a group of leadership investors both inside and outside of India. Notable investments in the impact space include Kinara, Micro Benefits and Mobivi.