Dasra philanthropy foundation grants $800,000 award to six organizations

Tuesday, May 28, 2013

MUMBAI: Strategic philanthropy foundation, Dasra, has announced the $800,000 Impact Economy Innovations Fund (IEIF) grant award to six organizations building the ecosystem for impact investing in India.

Launched in January 2013, the IEIF grant, an initiative by Omidyar Network and The Rockefeller Foundation is administered in India by Dasra. The grant aims to build stronger infrastructure for the fast growing impact investing industry in India that can provide scalable and sustainable solutions to help the 600 million people living in poverty in India.

Chosen from a competitive pool of 120 applicants, the winners provide a spectrum of services to social entrepreneurs, investors and other players finding business solutions to India’s massive development problems, according to Dasra.

Source: The Times of India (link opens in a new window)