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Acumen Fund Invests INR 1.5 Crore ($300K) in Edubridge Learning
Mumbai, India, July 25, 2012 – Acumen Fund, a pioneering nonprofit global venture fund addressing poverty across Africa and South Asia, today announced a INR 1.5 Crore ($300K) equity investment in Edubridge Learning Private Limited, a growing company that provides vocational skills training for low income youth across Maharashtra, Tamil Nadu, Karnataka, and Chhattisgarh
- Categories
- Uncategorized
- Region
- South Asia
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Rural market, an incredible opportunity: Manwani
Rural India is a powerhouse waiting to emerge and presents an incredible opportunity of potentially adding $1.8 trillion to the Indian economy which is equal to the current GDP, according to Harish Manwani, Chairman, Hindustan Unilever Limited (HUL).
- Region
- South Asia
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VOZ: From Chile, Bringing ‘Triple E’ Fashion and Connecting BoP Artisans With Luxury Markets
I am grateful that this young product designer, who graduated from Stanford, trained in innovation, cultural anthropology and art, has chosen the Araucanía Region of Chile to launch VOZ (Voice), a start-up that seeks to promote fair trade in luxury ethnic fashion, based on collaborative, environmentally-friendly design and production methods.
- Categories
- Social Enterprise
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Avina’s Evolution: After 16 Years, the Foundation Focuses on Building Multiple Bridges
Fundación Avina describes itself as a “broker, co-investor and facilitator” across many countries in Latin America. Indeed, the organization is often working behind the scenes, building both consensus and bridges between multinational companies, governments and microenterprises, often with the goal of bringing marginalized workers into the formal economy. It’s a strategy aimed not merely at reducing poverty in the short term, but breaking the cycle for future generations.
- Categories
- Agriculture, Environment
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Nachiket Mor: The Business Of Morality
In India, businesses and businessmen, particularly from the private sector, have always been viewed with some suspicion. Given our underlying socialist ethos, this is perhaps not surprising, but in recent times, this has worsened with reportage about the various means that some businesses have used to gain an advantage, be it bribing government officials and elected representatives, indulging in coercive practices with their customers, misusing monopoly power, concealing information, or ill-treating employees.
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- Health Care
- Region
- South Asia
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Genpact to buy VentureEast-backed Atyati Technologies
Business processing outsourcing major Genpact Ltd has signed a definitive agreement to acquire Atyati Technologies, a technology platform provider for the rural banking sector in India. The terms of the transaction, including the stake acquired and the deal value, remain undisclosed. The deal is expected to close in 3-4 weeks.
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- Technology
- Region
- South Asia
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The Rockefeller Foundation at 100 Years: The Road Ahead
As part of its centennial celebrations The Rockefeller Foundation has launched various initiatives including the Innovation Challenges. Michael Myers, senior policy officer and director of Centennial Programming at The Rockefeller Foundation answered a few questions about the Innovations Challenge and the centennial.
- Categories
- Agriculture
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Mini Case Study: Partnership Creates New Source of Income for Farmers in Brazil
In the south of the Brazilian state of Bahia, three organizations are uniting to implement an economic development project that is generating benefits for 60 farmers who live on settlements created after agrarian reform. The two-year pilot project is creating shared value by reorienting how a Brazilian company integrates farmers from poor communities into its value chain.
- Categories
- Agriculture
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