Omidyar Network to invest $250 million in Indian ventures
By Anirban Sen
Omidyar Network India Advisors, the Indian arm of the Silicon Valley-based impact investor, plans to invest roughly $250 million in Indian ventures and organizations over the next four-to-five years, as it looks to bet big on the country’s booming Internet ecosystem, a top company executive said.
In an interview, Omidyar India partner and managing director Roopa Kudva said the firm will look to enter new areas and sectors such as citizen-focused legal services, property rights and public platforms.
Omidyar, which has been in India for about 10 years, has already invested roughly $250 million in the country, backing about 73 organizations and start-ups, with 70% of those being equity investments and the rest being grants.
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