Dear All,
Here is another update on this: Tuesday, December 30, 2014 - 10:40 IST
Sankhya Women Impact Fund to invest under $500K each in 15 startups by April
The fund is mainly looking at sectors like education, healthcare and skill development.
- Sankhya Women Impact Fund (SWIF), an early-stage fund for women entrepreneurs, is planning to invest up to Rs 3 crore (around $470,000) each in charity-focused crowd-funding venture Milaap and e-learning venture MarkSharks, a top executive of SWIF told VCCircle.
- SWIF, which is currently awaiting SEBI registration under the AIF norms, is in the process of raising $8-10 million which will look to invest in a total of 15 startups by April next year.
- "The fund will back up to 15 startups, half of which will be tech ventures," said Shloka Nath, executive director of SWIF. "We are mainly looking at sectors like education, healthcare and skill development that can generate considerable social impact," she added.
- SWIF was launched by Shloka and Reena Mithal. While Sholka holds a Masters degree in Public Policy from Harvard University's Kennedy School of Government, Reena is a PhD in Economics and Finance from Columbia University. Prior to setting up SWIF, Shloka worked as a journalist with BBC in London.
- Run by India- and US-based consulting and strategic advisory firm Sankhya Partners Pvt Ltd, SWIF is an early-stage fund for economically-disadvantaged women. SWIF will focus both on financial and social returns, said Shloka.
- SWIF recently secured $1 million in funding from its anchor investors including former Thermax chairperson Anu Aga, her daughter Meher Pudumjee, besides AZB & Partners fame Zia Mody, Max Group's Tara Singh and Deepika Jindal, MD of JSL Architecture Ltd.
- "Our investors understand the limits on returns and the time horizons over which we can expect social enterprises to begin realising these returns," Shloka added.
- Other startups identified by the fund for investment include LabourNet, Araku, NEST Education and Bodhi Healthcare, among others.
Happy New Year to all,
G.S.Autee
Sent: Tuesday, December 30, 2014 10:21 AM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] [Weekend Discussion] Unlocking Entrepreneurial Potential by Removing Barriers to Finance
Dear All,
"The best way to get started is to stop talking and start doing" - Walt Disney
- Business incubators with their dedication to startup and early-stage companies - here is one case study I found quite interesting: http://www.startupvillage.in/about.html
- Startup Village; Kinfra High Tech Park; Kalamassery, Kochi, Kerala, INDIA; Phone: +91 484 2110799 E-mail: info@startupvillage.in
Thanks and regards,
G.S.Autee
Sent: Tuesday, December 30, 2014 7:28 AM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] [Weekend Discussion] Unlocking Entrepreneurial Potential by Removing Barriers to Finance
~Richard Bach
Yes, in USA we have a saying "only fools put their money in banks." Those with a bit of knowledge will put in places where it can yield better return. For start ups there are plenty of opportunities to get funding. TIE, an NGO in USA is doing an excellent job of providing guidance and assistance to start ups.
Kuldeep
Sent from my iPad--We cannot compare ourselves with US model because of one simple reason that interest available on savings in the bank is negligible, hence there is an opportunity for those who do not mind taking financial risk to become Venture capitalist.
Regards
Virendra Goel
From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of Prof. Bholanath Dutta
Sent: Sunday, December 28, 2014 8:54 PM
To: join_mtc@googlegroups.com
Subject: [MTC Global] [Weekend Discussion] Unlocking Entrepreneurial Potential by Removing Barriers to Finance
Easy access to fund can have positive effect on the entrepreneur spirit of the country. One of the reasons why the US has been a base for many highly successful start-ups is because the country offer enumerable amount of avenues to raise low-cost finance.
The government, from developing economies, should have fiscal policy that incentivises big corporate to invest in start-ups or entrepreneurial ventures outside their companies. This has the possibility of unleashing the entrepreneurial potential of young people and help start-ups to grow and generate employment for the country.
How Colleges in India can play a signifcant role in this space?
Educate, Empower, Elevate
Prof. Bholanath Dutta
Founder, Convener & President
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