Monday, December 3, 2012

What Is eBay’s Omidyar Doing on Delhi’s MedTech Row?

Source: New York Times

Pierre Omidyar is best known as the founder of the online auction company e-Bay, which he grew from an “odd little Web site” to one of Web commerce’s biggest and longest-lasting success stories.

But his philanthropic investment firm, called the Omidyar Network — which invests money in for-profit start-ups that have a social impact as well as makes grants to non-profits — has also been very active in India.

Entrepreneurs and new ideas, made in India.

It has quietly invested almost $100 million in early stage entrepreneurial activity in India since 2009, and is quickly becoming one of the key financial players in a burgeoning affordable heath care industry, aimed at the majority of India’s population who can’t afford or don’t have access to health care. (Read more about the industry.)

For the complete article, click here...
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    Citi Foundation
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