Category: India

India CSR bill creates ripples in the social sector

I recently attended the World Corporate Social Responsibility (CSR) Summit in Mumbai which brought together nearly thirty heads of CSR departments and as many NGOs. The primary areas of discussion were the implications of the new 2% CSR policy included in the new Companies Bill in India.
The Indian parliament is currently in the process of[…..]

Hippocampus Learning Centres

Nelson Mandela once said that education is the most powerful weapon you can use to change the world. If that’s the case, then a new (adorable) arsenal of change agents is being created in rural India, thanks to our investee company Hippocampus Learning Centres (HLC).
In India, like many countries in the world, there is a[…..]

Husk Power Systems featured on PBS NewsHour

When the world’s largest democracy goes dark, it makes headlines. During the 2012 India blackouts, roughly 600 million people were left without power, making it the largest power outage in world history.  Not included among those without electricity were the more than 200,000 customers of Husk Power Systems (HPS) in the state of Bihar.  The[…..]

Ziqitza Health Care wins Social Impact Award

A huge congratulations to one of our early investments, Ziqitza Health Care Limited (ZHL)! The Indian ambulance company was recently awarded the Times of India Social Impact Award.

The Times of India Social Impact Awards recognize nonprofits and companies that are working to improve education, healthcare and economic empowerment throughout India. The finalists were selected by[…..]

d.light celebrates 10 million customers served

Asif Ahmed beckoned us onto a makeshift porch with two worn chairs, a shelf with dusty books, and a steel table. A bulb glowed faintly in the corner. A minute after he ducked into his narrow passageway, he emerged with a bright orange lantern clutched in his hand. He proudly handed it to Atul, who[…..]

Avani Bio Energy Receives $250k Investment to Electrify Low Income Households in Rural India

Inventive solution converts hazardous pine needles into clean and affordable energy

Mumbai, India, September 26th, 2012 – Acumen Fund, a pioneering nonprofit global venture fund addressing poverty across Africa and South Asia, today announced a commitment of $250K debt-equity investment in Avani Bio Energy Pvt. Limited, a growing company that creates pine needle gasification power[…..]