Events & News
This man uses tech to bring doctors to India’s remotest villages
Three quarters of its people live in rural settlements. Only the more affluent farmers and artisans in larger villages have huts with more than one room. Infant and maternal mortality rates are among the highest in the country. According a recent survey, 49 babies die in every 1,000 births. Many of the villagers never go to a doctor or hospital because they do not have any money to spare. Even when they can afford it, there are hardly any doctors in the remote villages. They end up going to quacks, who are quick to dispense painkillers, placebos, and even harmful medicines without any training in medicine.
A sight for sore eyes
When Laxmi Das, a 38-year-old weaver from Borholla village in upper Assam's Jorhat district, complained of poor vision, she didn't have to travel far for a check-up. Das was diagnosed at her village, at half the cost incurred at major eye centres, thanks to an ERC Eye Care-run vision centre.
Such vision centres, the brainchild of ophthalmologist Parveez Ubed, address the lack of quality eye care in the rural areas of upper Assam. These vision centres, along with mobile units, test patients for common eye ailments and refractive errors. If these centres aren't able to address an ailment, the case is referred to neighbouring government hospitals.More details..
CropIn Technology raises funding to bring big data to farms
Agriculture technology provider CropIn Technology Solutions has raised funding from US-based investment firm Invested Development.
The firm, which provides agriculture technology to farmers as well as large companies including PepsiCo and Mahindra & Mahindra, will use the money to scale up its technology, hire talent and also explore opportunities in markets such as Kenya, Philippines, Mexico and Indonesia.
How Ankur Capital is following a different path to impact investment
In 2010, J.P. Morgan estimated the potential capital need for impact investments (targeting the part of the global population earning less than $3,000 a year), which drive not just social impact but also financial returns, to be $400 billion to $1,000 billion over the next 10 years. Fortunately, over the last 20 years, the number of specialised commercial funds in the impact investing space has risen 10 times. Capital committed to impact investing via private equity style active managers alone has risen from $4 billion to $12 billion over the same period.
Have you met Ankur Capital? The story of the new seed fund in town
Though Rema Subramanium and Ritu Verma come from different backgrounds, they are passionate about the same thing —genuinely creating an impact, and supporting entrepreneurs who want to do the same. Besides this, both women wear multiple hats; Rema is also an entrepreneur, and Ritu a physicist.
This passion led the two highly driven and motivated ladies to start a fund called Ankur Capital. Ankur Capital is an INR 40 crore social venture fund that invests in startup businesses (one to three years of on-ground operations) that impact low-income communities in India.
Ankur Capital bets on real India, invests in three early-stage rural ventures
Impact investment fund, Ankur Capital, has invested in three early-stage ventures that focus on rural markets.
The Mumbai-based venture capital fund, which received approval from market regulator Sebi earlier this month, is backing CropIn, a cloud-based farm management systems company, home compost solutions provider Daily Dump and primary eye-care service provider ERC.
Ankur Capital invests in agri-tech company CropIn
Mumbai-based impact investor Ankur Capital has invested Rs 50 lakh ($81,0000) in convertible debt in Bangalore-based CropIn Technology Solutions Pvt Ltd, which provides a cloud-based platform to help farmers track their produce and consignment status, for 30 per cent stake, according to a report by The Economic Times.