Report: Unitus Seed Fund’s Investments Impact 1.2 Million Lives Across India
Unitus Seed Fund, India’s leading impact venture fund investing in early- stage startups innovating for the masses, today released its semi-annual impact report, which is now mapped to UN Sustainable Development Goals (SDGs). As of 30 June 2017, Unitus Seed Fund’s active portfolio of 14 companies have directly impacted over 1.2 million BoP (Base of the Economic Pyramid) lives across 29 states in India and created over 6, 200 sustainable, quality jobs. The fund’s portfolio companies have registered a 106 per cent year-on-year (YoY) growth in revenues and have raised 3.6x additional capital since Unitus’ initial investment.
Will Poole, Co-founder and Managing Partner at Unitus Seed Fund said, “We are incredibly excited that we’ve crossed this important milestone of directly impacting over 1 million lives as a result of the work of our fast-growing portfolio companies. Unitus Seed Fund’s one million landmark is significant for the entire investing ecosystem: we’ve now shown the scale of impact a seed-level fund can achieve in a short span of four-and-a-half years.”
Photo courtesy of Sudipto Sarkar.