Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others Seattle, USA and Bangalore, India. Unitus Seed Fund (USF) has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating “BoP startups” – startups serving low-income consumers – in India. USF invests in for-profit scalable companies that will… Read more >
Category: Press Release
Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors
January 3, 2013 – Press Release, Unitus Seed Fund
Unitus Capital raises $5m for Forus Health
April 27, 2012 – Press Release, Unitus Capital
Unitus Capital advises Forus Health on raising $5 million from Accel Partners & IDG Ventures in India Bangalore, April 26, 2012: Bangalore-based affordable medical technology and solutions company Forus Health Pvt. Ltd. (Forus) has successfully raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India. Unitus… Read more >
Unitus Seed Fund invests in Villgro Innovation Marketing
April 11, 2012 – Press Release, Unitus Seed Fund
Unitus Seed Fund is excited to announce that we’ve made our 4th seed investment in 2012 in Villgro Innovation Marketing based in Chennai! Villgro Innovation Marketing (VIM) is building an innovative last mile rural distribution business starting in the South India state of Tamil Nadu. They are focused on distributing affordable, high value-add agriculture and… Read more >
ENCASH raises $2.56 million for rural ATMs in Philippines
March 7, 2012 – Press Release, Unitus Capital
Electronic Network Cash Tellers, Inc. has raised USD 2.56mn equity capital from funds managed by Incofin Investment Management and responsAbility Manila, March 6, 2012: Electronic Network Cash Tellers, Inc. (“ENCASH”), the first independent ATM distributor in the Philippines, headquartered in Manila, is pleased to announce that they have raised USD 2.56 million from Rural Impulse… Read more >
Unitus Seed Fund launches in India with three seed investments
February 5, 2012 – Press Release, Unitus Seed Fund
New Unitus Labs Initiative Seeks to Accelerate Development of Innovative Startups Which Have the Potential to Significantly Benefit Families Living on Less Than $2 Per Day Seattle, WA and Bangalore, India, February 6, 2012 — Unitus Labs, an international non-profit focused on reducing global poverty through economic self-empowerment, is launching today the Unitus Seed Fund,… Read more >
Unitus Capital raises $3m equity for Arman Financial
November 25, 2011 – Press Release, Unitus Capital
Eric Savage, Co-Founder & President of Unitus Capital, commented “Unitus Capital is honored to be part of this transaction, which is a rare instance of private placement of equity in an MFI which is listed and actively traded. Arman is a high-quality institution with many years of lending experience in Western India, a highly under… Read more >
Unitus Capital is lead advisor on Leapfrog’s $15M investment in Shriram
September 8, 2011 – Press Release, Unitus Capital
Leapfrog invests USD $15 million in Shriram in a strategic partnership to serve 10 million people in India LeapFrog Investments today announced a $15 million investment into Shriram CCL in a ground-breaking deal that will extend high quality insurance, savings, and investment products to the underserved Indian market. With LeapFrog’s injection of significant new capital… Read more >
Vindhya e-Infomedia raises PE capital from ACCION & MSDF
March 17, 2011 – Press Release, Unitus Capital
Bangalore-based BPO Vindhya e-Infomedia (Vindhya) has successfully raised venture funding from two leading socially-committed investors, ACCION International and the Michael & Susan Dell Foundation. Unitus Capital was the sole advisor to Vindhya for the transaction. Vindhya’s customer base primarily comprises of info-tech and microfinance companies to whom the company offers data management and processing solutions… Read more >
Grameen Koota Raises Rs.35 Crores
February 24, 2011 – Press Release, Unitus Capital
Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures Bengaluru, 24th February 2011: Bangalore-headquartered, Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 mn) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM)… Read more >
Ujjivan Raises Rs.40 Crores
January 5, 2011 – Press Release, Unitus Capital
Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures Bengaluru, 5th January 2011: Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies.… Read more >
Unitus, Inc. Redirects Efforts
July 2, 2010 – Press Release, Unitus Labs
Unitus, Inc. Redirects Efforts from Non-Profit Microfinance Acceleration toward a Broader Array of Social Ventures Innovative non-profit helped shape and validate microfinance as a viable commercial activity, increase access to investment capital for working poor; with tens of billions of dollars in commercial capital now available in the microfinance industry, Unitus will refocus efforts to… Read more >