Villgro Launches Rs 20-Crore Incubation Fund
Tuesday, January 20, 2015
Impact investment firm Villgro has announced a Rs 20-crore fund targeted at incubating education startups.
In the initial phase, Villgro will incubate and fund about 12 startups working primarily in areas pertaining to improving learning outcomes for school-going children and skills training for urban youth. It has partnered with the US-based Michael and Susan Dell Foundation (MSDF) for this initiative. “In the education field, lots of exciting changes are happening, but innovative ideas targeted at the bottom of the pyramid segment has not taken place on a big scale,” said PR Ganapathy, COO of Villgro.