Impact Investment Exchange Asia invests in Indian Social Enterprise Spring Health
Wednesday, September 4, 2013
Singapore based Impact Investment Exchange Asia (IIX) has announced today that its Impact Partners platform has successfully facilitated an investment from two private investors, alongside lead investors from the Artha initiative and the Stone Family Foundation, into Spring Health Water (India) Pte. Ltd., a for-profit Social Enterprise that provides safe and affordable drinking water to rural customers in India.
The investment will enable Spring Health to expand its operations throughout the Eastern states of India and impact the lives of over 400,000 people.
Spring Health was founded by Dr. Paul Polak, founder of International Development Enterprises (iDE), a non-profit organization which creates livelihood opportunities for poor rural households and Jacob Mathew, a serial entrepreneur who has set up design firms, a manufacturing unit, and retail enterprises.
Source: Social Story (link opens in a new window)
- Health Care