Tag: india

Unitus Ventures (formerly Unitus Seed Fund) Invests in Blowhorn, a Marketplace for Last Mile Logistics

Unitus’ Second Mobile-on-Demand Investment Follows Exceptional Growth of mGaadi’s Auto Rickshaw Service November 12, 2014. Bangalore: Unitus Ventures (formerly Unitus Seed Fund), India’s leading venture seed fund supporting startups innovating for the masses, announced that it has led the seed round investment in Blowhorn, a Bangalore-based online marketplace for last mile logistics. Blowhorn offers a tech platform connecting… Read more >

Unitus Ventures (formerly Unitus Seed Fund) lands $8 Million for BoP Startups from Leading Early-stage Investors

January 3, 2013 Press Release, Unitus Ventures

Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others Seattle, USA and Bangalore, India. Unitus Ventures (formerly 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 >

Hippocampus Learning Centres partners with Grameen Koota

A Profit-Driven Approach to Affordable Education: A Review of Hippocampus Learning Centers Government schools across India are haunted with serious issues. Teachers are absent 25 percent of days and teaching less than 55 percent of the time. This contributes to the low enrollment rates across the country, standing at a mere 37 percent of 361… Read more >

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 Ventures (formerly Unitus Seed Fund) invests in Villgro Innovation Marketing

April 11, 2012 Press Release, Unitus Ventures

Unitus Ventures (formerly 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 >

Surprising results with homeless pilot in Chennai

March 26, 2012 Unitus Labs, Update

Unitus Labs has published the fifth and final case study from the Sorenson-Unitus Ultra Poor Initiative, a report that explores how the Equitas Bird’s Nest pilot was able to successfully stabilize housing for extremely poor homeless families in Chennai, India. Equitas Development Initiatives Trust (EDIT) launched the program in 2009 with a simple premise –… Read more >

Unitus Ventures (formerly Unitus Seed Fund) launches in India with three seed investments

February 5, 2012 Press Release, Unitus Ventures

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 Ventures (formerly 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 >

New Unitus Labs case study challenges current approach to helping ultra poor

October 15, 2011 Unitus Labs, Update

Early Introduction of Livelihoods Found to be Critical Factor In Moving Large Numbers Out of Extreme Poverty For years, ultra poor interventions built around subsidies and skill-building activities have helped to move households living below the extreme poverty line toward some productive activity or eligibility for microfinance schemes. For all their individual successes, these interventions… Read more >

New Kriti ultra poor case study offers insights on livelihood development

September 9, 2011 Unitus Labs, Update

With higher cost of living and little access to arable land, ultra poor households in urban areas face very different obstacles than their rural counterparts. To respond to these needs, in 2009 Hyderabad-based Kriti Social Initiatives joined the Sorenson-Unitus Ultra Poor Initiative to pilot a program that paired livelihood development with cost-effective provision of basic… 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 >

Unitus Labs releases first Ultra Poor pilot case study

August 12, 2011 Unitus Labs, Update

UPna sapna case study finds new strategies for selecting and enrolling ultra poor households in programs to promote self-reliance Unitus Labs today released its first Sorenson-Unitus Ultra Poor Initiative case study which explores the Jharkhand, India-based UPna sapna project experience researching more scalable ways to provide opportunities for families to lift themselves out of extreme poverty. The case… Read more >