The Michael & Susan Dell Foundation invested in Kinara Capital as we strongly believe in the vision of its owner, Hardika Shah. Hardika believes in creating a financially inclusive community so that micro and small entrepreneurs, the core engine of job creation in India, have a chance at success.
Program: Family Economic Stability
Research comes as founders commit an additional $1 billion to endowment. May 11, 2017—The Michael & Susan Dell Foundation today announced the release of new research on the future of philanthropy, as well as a significant financial contribution to support the social entrepreneurs and nonprofit organizations who will be fundamental in shaping that future. A … Continued
There is so much untapped potential in India. From skill development to urban microfinance, we’re working to improve the lives of those living in urban poverty by opening doors for them in new and innovative ways. This requires thinking outside the box, and it’s not always easy.
The startup driving this revolution is Blowhorn—the Michael & Susan Dell Foundation’s latest investee. The foundation announced that it would invest $1.25 million in the organization earlier this month, together with IDG Ventures India and existing investors, Draper Associates and Unitus Seed Fund. Blowhorn plans to use this investment to expand to eight Indian cities and employ more than 25,000 truck drivers over the next 24 months.
Social enterprises benefit from technology in many ways, especially considering the cost imperatives and inadequacy of resources they face. The right technology can help organizations enhance quality, fuel innovation, and aid efficiency, while also reducing the cost of operations through better delivery. However, though technology is a significant facilitator, it cannot be an independent solution for the problems that these enterprises are trying to address.
Raised USD $3.65 mn from IDG Ventures, Michael & Susan Dell Foundation, Draper Associates and Unitus Seed Fund to expand to 8 cities by 2019. NEW DELHI—March 07, 2017—Intra-city logistics startup Blowhorn has raised USD $3.65 mn (INR 25 crores) in series A funding from IDG Ventures India, together with the Michael & Susan Dell … Continued
Most social ventures begin with minimal financial resources and do not always attract the best talent. To be successful, organizations need to invest in hiring the right team from the start. In our work in the education sector, test preparation startup Avanti used this approach to deliver coaching for competitive exams to low-income students.
Michael Dell once said, “Ideas are a commodity. Execution of them is not.” This is especially relevant for social enterprises that sell affordable products and services at small margins to low-income users. Scale, sustainability and replicability become crucial for the long-term success of such companies.
New Delhi, January 23, 2017 – The India Educational Investment Fund (IEIF), an early stage impact investment fund focused on the education sector, announced two new investments in ‘ChipperSage’ and ‘Select Jobs.’ ChipperSage offers high impact English proficiency solutions aimed at significantly transforming English comprehension and communication for school students. Select Jobs is a job … Continued
The government’s “Make in India” initiative aims to transform India into a global manufacturing hub rivaling centers of excellence like China and Germany. Achieving this would mean that manufacturing would contribute to at least 25 percent of India’s GDP. However, experts predict a shortfall of 2.2 million trained welders by 2020. This mismatch between demand and supply could bring the entire program to a halt.