Non-profits start with energy but lack systems, so struggle for funding: Roopa Kudva of Omidyar Network
Thursday, July 6, 2017
Over the past seven years, the India arm of Omidyar Network, an investment fund started by eBay founder Pierre Omidyar in 2004, has put more than $200 million into 70 organisations in the country. The Silicon Valley-headquartered early-stage investment fund works on philanthropic principles and invests in both non-profit and for-profit companies, focusing on companies that do social good. Since 2004, the venture has invested over $1 billion in for-profit and non-profit companies worldwide, and entered India in 2010. It recently opened its second India office in Bengaluru. Omidyar‘s most recent investment in India is in Goodera, a for-profit company that helps corporates channel money for CSR activities. India managing director Roopa Kudva , who joined the venture in 2015, explains why financial inclusion is top of its list of priorities.