Hotline: 1800 102 2007
X
Search Business Opportunities
2013-01-05

Unitus Seed Fund raises $8m for “BoP start-ups”

Unitus Seed Fund (USF), a seed-stage investment fund based in Bangalore (India) and Seattle (US), has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating "BoP startups" –start-ups serving low

Unitus Seed Fund (USF), a seed-stage investment fund based in Bangalore (India) and Seattle (US), has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating "BoP startups" - start-ups serving low-income consumers in India.

USF will invest in for-profit scalable companies that will provide economic self-reliance, education, and basic necessities to millions of low-income people living at the base of the economic pyramid (meaning "BoP").

USF has also recruited a strong group of venture advisors to provide expert support to its portfolio companies.

By investing in entrepreneurs who are building BoP startups that serve the 800 million low-income citizens of India, USF expects to deliver both strong financial returns and substantial social impact. Building on its portfolio of four investments completed in 2012, USF anticipates making 10 new investments in 2013, and 10-12 per year going forward.

"We are delighted that leading investors share USF’s conviction that serving low-income customers with free-market principles and business discipline can sustainably improve the lives of those living on under $4/day and make good money at the same time," said Dave Richards, Managing Partner, USF.  "Our investees will do this by bringing products, services and income-generating enterprises directly to their communities."

The founding investors of the fund are Mike Murray (Co-founder, Unitus Labs), Jeff Clark, Vinod Khosla (Founder, Khosla Ventures and Khosla Impact), 500 Startups, and Bob Gay (Bain Capital). Co-investors in India include T.V. Mohandas Pai (Chairman, Aarin Capital Partners), and Dr Ranjan Pai (CEO, Manipal Education and Medical Group).

Related opportunities
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us: Mandalas Impresa - A vision of understanding the culinary..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Laundry & Dry Cleaning
    Fully Integrated One-Stop Laundry Solutions Expert! About Us: Waashub is a full-scale..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Real Estate Sub
    Mini Homes ! Based out of Mumbai , Mini Homes is..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts