Upaya Social Ventures Selects Next Two Companies for Investment: UpSkill and SMV Green
Tuesday, October 3, 2017
Upaya Social Ventures has selected two more companies for its investment portfolio of social enterprises creating jobs for the poorest of the poor. The companies are UpSkill Management Services Pvt Ltd and SMV Green Solutions. Details of the investments are to be negotiated; Upaya typically provides seed stage equity investments up to $50,000 per investment. The announcement was made on September 23rd at the Investor Showcase marking the conclusion of Upaya’s first Accelerator Program, “Formalizing the Informal Sector.”
UpSkill is a Mumbai-based technology company that aims to connect the fragmented education to employment market in India. Founded in 2013 by Mansi Agrawal, it is both a direct training program and a technology provider to training centers and corporates aiming to address the massive skills-gap in India where 90% of the workforce has no specialized training and industry projects a resulting jobs shortfall in the hundreds of millions by 2022. UpSkill’s technology product, Node, uses a SaaS model to capture data on all steps in the education to employment journey, from recruiting trainees to placement to career advancement. The platform will also include content for digital training.
Photo courtesy of Peter Haden.