The market for double bottom-line investments in India is becoming hotter and hotter. Interestingly, its not just the microfinance institutions who are attracting the capital. We reported earlier in TC-I about MokshaYug Access, securing $2 million in funding from Unitus and the ISB based SME fund set-up by Google.org in partnership with Omidyar Network and Soros Economic Development Fund.
This time it is Comat Techonologies, a Bangalore based social enterprise dedicated to providing easy access to essential information and transformational services to Rural India. Comat just secured Rs. 60 crore in funding from Omidyar Network and Unitus Equity Fund (UEF):
Filed under: BoP, Social Venture Capital, Technology | Tagged: Comat, Google.org, Microfinance, Omidyar Network, Social Venture Capital, Soros Economic Development Fund (SEDF), Unitus Equity Fund | 1 Comment »