Omidyar Network to invest $200 m in Indian startups

Tags: News

The firm has already invested $120m in various sectors

Omidyar Network, which invests in both for-profit and non-profit ventures, is hopeful to put in atleast $200 million in the next three to five years in India. The early stage investor has already used $120 million for Indian start ups in various sectors.

“Most of our investments have gone in for profit ventures, that could be around 70 per cent. But we do see whether an organisation may have a social impact.

The sweet spot for us is $1 to 3 million but there are instances where we have done more or less than this too,” said C V Madhukar, director, investments, Omidyar Network India Advisors.

Globally Omidyar has invested $600 million so far. The company was set up with a view to make philanthropic investment by ebay’s founder Pierre Omidyar and his wife Pam Omidyar. They adopt what they call “flexible capital approach” where in investments could be made in for-profit organisations as well as grants to non-profit ones.

In India, they broadly focus upon sectors like financial inclusion, governance, internet and mobile technology property rights and entrepreneurial ecosystem. Of the total 30 investments, ten are in the nonprofit segment.

The investments in India, where the stake pick up could range between 15-40 per cent include Quikr — an online classified organisation, Aspiring Minds — which looks to strengthen the labour system in the country, Treehouse — education services provider for self operated pre-schools, iMerit — which looks at training rural staff for entry-level information technology work.

trushnaudgirkar

@mydigitalfc.com

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The sudden crisis in oil exporting economies offers India big opportunity

    The unprecedented 6.5 per cent single-day hike in Russian interest rates on Tuesday and the subsequent devaluation of the ruble from 60 to the dollar

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Why do we shoot, load and then aim?

There is a joke about what Indians would do in ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Dharmendra Khandal

Protecting jungle cats is vital

In what can only be called a cat night, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture