Crossing the Divide – The business of social good
Friday, May 15, 2009
Three years ago when we first started looking for money, we had only social venture funds interested in us; now, in the last month, I have got calls from mainstream venture capital funds who are interested in investing,” says Ashwin Naik, founder of Vaatsalya Healthcare Solutions Pvt. Ltd, a start-up that is building a chain of low-cost hospitals in rural and semi-urban India.
That perhaps indicates how far for-profit social enterprises have travelled in the last few years to be recognized as viable business models.