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TAKE Solutions and CIIE invest in start-up Bodhi Health Education

Tags: TAKE Solutions, CSR, Centre for Innovation, Incubation & Entrepreneurship, Bodhi Health Education, SaaS

April 23, 2015 | COMMENTS ( 0 )

TAKE Solutions and CIIE invest in start-up Bodhi Health Education

TAKE  Solutions,  a Chennai-based  domain  focused Technology  Company has announced  that  it  has  made  a  CSR  contribution  to  the  Centre  for Innovation, Incubation & Entrepreneurship (CIIE) – the Technology Business Incubator of the Indian Institute of  Management,  Ahmedabad  -  for  seed  investment  in  an  early  stage  healthcare  based impact company.  The joint selection committee of CIIE and TAKE solutions chose ‘Bodhi Health Education’, a Gurgaon based start-up with a mission to empower frontline health workers through quality skill training. 

CIIE partnered with Village Capital for the Last Mile Accelerator program, 2014, in which Bodhi Health Education was a winning team. Founded in 2013, Bodhi Health Education is Software as a Service (SaaS) company that provides quality training and education to frontline health workers. Apart  from  Village  Capital,  other  investors  in  the round  include  Beyond  Capital. The seed investment round closed at around Rs. 75 lakh.

CIIE’s  partnership  with  TAKE  Solutions  takes  the  CSR  route,  mandated  by  Schedule  VII  of  the Companies Act 2013. This will enable Bodhi leverage low cost mobile technology at health facilities to provide scalable, high quality eLearning solutions for the primary health workers.  Bodhi’s seed funding round has been an instance of diverse investor cohorts converging towards promoting early-stage  entrepreneurship.  Apart from funding the start-up, the investors and TAKE Solutions also bring in significant strategic benefits that Bodhi can leverage in the future. These include intensive mentoring and advisory support, fund-raise support, networking and linkages, and media coverage.

Srinivasan H R, Vice-Chairman and MD, TAKE Solutions, said, “We have undertaken this  seed  investment  with  the  primary  aim  of  helping  India's  budding  entrepreneurs  set  up innovative,  disruptive  and  scalable  ventures.  As a niche technology player in the Life Sciences domain we found it apt to fund Bodhi Health Education; we will also further its growth with our unique position in the Life Sciences/Healthcare market.”

Shrutika Girdhar, CTO, Bodhi Health Education, said, “We are excited with this support from TAKE Solutions given their deep expertise in the Life Sciences industry. Inputs from TAKE Solutions would be highly valuable in developing relevant training products and engaging with clients where Bodhi Health Education can maximize the impact to the communities.” 

J Salim Vali, Vice President (Impact Investments), CIIE said, ‘We are delighted to have closed this investment round in Bodhi with TAKE Solutions Corporate Social Responsibility (CSR) funds, Village Capital, Beyond Capital and Mr Samir Shah (a Mumbai based Angel Investor).  This validates CIIE and Bodhi Health Education’s belief in its outstanding, highly effective Social Impact and the clearly defined entrepreneurial opportunity. CSR funds in seed investments have a great potential as this will encourage communication between industry and technology business incubators and can bring about      many      successful      start-ups.      Entrepreneurship      will      play      a key role in achieving accessibility affordability and transparency in healthcare.”

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