NEW DELHI, India – Unitus Seed Fund today announced it has received a program-related investment (“PRI”) from the Michael & Susan Dell Foundation. Unitus Seed Fund is among India’s most active venture seed investors, with a specialized focus on activating markets for the masses – the 100 crore Indians living at the Base of the Economic Pyramid. The Dell family foundation’s investment in Unitus Seed Fund is focused on accelerating the market and entrepreneurial ecosystem in two specific areas catering to India’s low-income population: high quality education and livelihood solutions.
“We’re excited to be investing in and working closely with Unitus Seed Fund to achieve important milestones in scaling innovative, quality oriented start-up ventures offering education and livelihoods solutions for India’s low income families, “said Geeta Goel, Director, Mission Investing, at the Michael & Susan Dell Foundation. “Unitus Seed Fund has already made four promising early-stage investments in education and five in livelihoods, all of which show the potential of unleashing market-based forces to address some of the most fundamental needs of our low-income populations at scale”.
“We’re excited to be partnered with the Michael & Susan Dell Foundation to help achieve their ambitious goals focused on children and youth from urban low income families,” said Srikrishna Ramamoorthy, Partner at Unitus Seed Fund. “We are hopeful that many companies we nurture at the seed investment level will develop successfully and soon be ready for follow-on growth-stage investments from the Foundation and other like-minded impact investors.”