Events & News
Assam-based ERC Eye Care raises money from investors to fund expansion plan
Ennovent Impact Investment Holding and Ankur Capital have invested an undisclosed amount in Assam-based eyecare company ERC Eye Care. Beyond Capital Fund, angel investor Sadeesh Raghavan and Ennovent Circle, which accelerates innovations for low-income markets, also participated.
Our focus is to create scalable businesses: Rema Subramanian
A number of angel investors, and venture funds, invest in technology start-ups and commercial businesses, hoping to get good returns in a short span of time. However, Ankur Capital, an impact angel fund co-founded by Rema Subramanian, has decided to focus on an uncharted territory, where there are not many successful examples to boost the spirit. She explains to Bibhu Ranjan Mishra why the fund is investing in social ventures. Edited excerpts:
ERC Eye Care raises angel funding from Ennovent, Ankur Capital and other investors
Assam-based ERC Eye Care Pvt Ltd, which provides low-cost eye care services for the bottom of the pyramid market, has raised an angel round of funding from Ennovent and Ankur Capital among other investors.
CropIn: an innovation to address problems of Indian farmers
In 2009, software engineer Krishna Kumar, working at US conglomerate General Electric Co. (GE) India’s state-of-the-art Bangalore office, decided that he wanted to build and work on technology solutions that would address the problems faced by the bottom half of India’s 1.2 billion strong population.
After reading former GE chief executive Jack Welch’s book Straight From The Gut, where Welch describes the innovation cycles of various technology solutions that the company builds, Kumar realized that he would possibly be better off developing such innovations on his own, rather than at a large corporation.