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Lok Capital aims to raise $45 million fund by June
MUMBAI: Lok Capital, the Rockefeller Foundation-backed impact investor, aims to raise $45 million (about Rs 270 crore) by June as part of the initial close of its third India-focused fund. Lok Fund III, announced a couple of months ago, has a final target corpus of $100 million and expects to raise capital commitments from development financial institutions such as International Finance Corporation (IFC), Proparco and CDC Group.
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- Uncategorized
- Region
- South Asia
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Kerala to Build Largest Social Entrepreneur Network of Women
After the success of its women empowerment initiatives such as Kudumbashree — a women oriented, community-based, poverty reduction project — and She-Taxi, South Indian state Kerala is gearing up to set another landmark seeking to create the country’s largest social entrepreneurship network of women.
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- Uncategorized
- Region
- South Asia
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OPINION: Let India Make Cheap Medicines
Last November, the United States and India announced an important breakthrough concerning India’s “right-to-food” programme.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public policy
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Aavishkar Venture Capital to Raise $400 Million in 2015
Aavishkar, the country's biggest social entrepreneurship-focused venture capital fund, is set to raise $400 million (Rs 2,500 crore) in 2015. This would be the biggest amount raised by any fund focusing on the social sector or impact investing in the country.
- Categories
- Investing
- Region
- South Asia
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How ‘Desh’ Deshpande Is Helping Indian NGOs Scale Up
Tech billionaire Gururaj 'Desh' Deshpande is helping NGOs scale up and sustain philanthropy initiatives on their own steam. His formula for self-reliance is relevance followed by innovation.
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- Uncategorized
- Region
- South Asia
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Unilever, P&G Try Tweaked Formulas, Higher Prices for Developing World
Marketers are counting on many more reactions like hers throughout the developing world. For decades, consumer-goods companies expanded in emerging economies through rock-bottom prices and small, affordable pack sizes. At Unilever, the world’s second-largest consumer-goods maker by revenue after Procter & Gamble Co. , that meant one-use sachets of Sunsilk shampoo and 3½-ounce bars of Lifebuoy soap.But now, with the global economy sluggish and emerging-market sales growth waning for the first time in years, companies are employing a developed-world strategy with their poorest customers: Pack more features into basic products and raise their prices.
- Region
- South Asia
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Mahindra Comviva Powers India’s ‘First’ Health Care App by Telangana Government
The Telangana Government today announced the launch of India’s first dedicated health care app for the Ministry of Health & Family Welfare to provide citizens with convenient access to healthcare as part of its effort to fulfill the Digital India Initiative. The app which is powered by Mahindra Comviva, the global leader in providing mobility solutions was conceptualized by the Healthcare Innovation Cell (HIC) of the Ministry of Health.
- Categories
- Health Care, Technology
- Region
- South Asia
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Triotech Raises $3 Million From Singapore VC Firm Bluehill
Mobile payment services company Triotech Solutions has raised $3 million (nearly Rs 19 crore) from Singaporebased venture-capital firm Bluehill in its first round of funding.
- Categories
- Uncategorized
- Region
- South Asia
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