Omidyar Network will invest $200 million in India over next 4 years
By Varun Aggarwal
Philanthropic investment firm Omidyar Network will be investing over $200 million in India in the next four years to fund start-ups in areas such as civic tech, education and digital identity.
“We have so far deployed $250 million in India across all our initiatives. We’ll be investing about $55-60 million a year. Compared to a traditional fund, that translates to an equivalent of a $200-million fund over a four-year period. But we are not really constructed as a fund,” Roopa Kudva, Managing Director and Partner at Omidyar Network, told BusinessLine.
Omidyar has already invested in about 90 start-ups in India including not-for-profit organisations. Recently, the company invested in geospatial analytics start-up Transerve Technologies.
Photo courtesy of Peter Haden.