Microsoft co-founder and former CEO Bill Gates has invested an undisclosed amount in social enterprises-focused impact investment fund Unitus Seed Fund's affiliated offshore fund. Sun Microsystems co-founder Vinod Khosla and a group of US-based entrepreneurs also participated. Unitus Seed Fund's Indian fund has also raised over $4 million from 16 high net income Indian investors, including former CEO of Pearson India Srikanth Iyer, Phenix Consulting’s Sharvil Parikh, Astarc Group’s Kishore Musale, Kottackal Business Solutions’ Jacob Ninan, and Raman FibreScience’s Aroon Raman among others. Unitus invests in India through SEBI-registered venture capital fund Unitus Seed Fund India and Unitus Seed Fund LP, its offshore venture capital fund which has 50 investors and $17 million of assets under management. Investments by Unitus - Bangalore-based online marketplace for last mile logistics Blowhorn. Blowhorn offers users looking for goods moving service a platform to connect with owners of mini trucks. - Mobile commerce platform Jiffstore. Jiffstore offers m-commerce solutions to kirana stores, allowing customers to place grocery orders from these stores on Jiffstore’s iOS and Android mobile apps or their website. - Bangalore-based auto hailing service mGaadi. Consumers can use mGaadi’s service to book an auto ride over an app or a telephone call for a near-immediate pick-up or to schedule a pickup. mGaadi auto drivers are then connected to riders based on their location and availability. The service is currently available only in Bangalore. - Online healthcare marketplace Medypal. Medypal allows consumers to quickly get quotes for medical procedures from different health service providers. - Social…
- Here are some specs of the time servers the Indian government wants companies to sync their clocks to: RTI December 6, 2022
- RBI Disallows Securitising Loans With Less Than 365-Days Residual Maturity December 6, 2022
- Indian govt may hold social media firms accountable for algorithms under ‘Digital India Act’ December 6, 2022
- Event Announcement: Reworking The Data Protection Bill, Bangalore, 14th Dec #Ad December 6, 2022
- DPDP Bill 2022: A Balance of opportunities and data protection objectives December 6, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...