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Khosla Labs & Unitus to incubate and fund Aadhaar-based startups

Vinod Khosla's startup incubator Khosla Labs is partnering with the impact investment fund Unitus Seed Fund to incubate and fund Aadhaar-based startups. It's worth noting that Khosla had invested in Unitus Seed Fund last month and in January last year. The details on this initiative is sketchy at the moment, however Khosla Labs CEO Srikanth Nadhamuni said that they will be incubating 4-6 startups through this initiative. Khosla Labs is also organizing an Aadhaar Hackathon next month, wherein the incubator will conduct tutorials on building Aadhaar verification apps for Android and provide developers with requisite biometric devices & SDKs to build apps for the Aadhaar platform. Note that Nadhamuni was earlier the technology head of Unique Identification Authority of India (UIDAI) before joining Khosla Labs in October 2012. There is no specific information on what sectors the incubator is looking at, although there are some indicators. At a recent press interaction, Khosla said their impact efforts are more focused on "services and goods that people at the bottom of the pyramid can use", since most of the investments "go after the people who have money, which leaves out the bottom three billion people on this planet". Novopay Solutions Khosla Labs had also incubated a mobile payments solution provider called Novopay Solutions earlier this year. The company offers Android-based mobile payment solutions to Kirana stores, but what's interesting is that it uses Aadhaar-based biometric scanners to allow consumers conduct banking transactions, money transfer and mobile payments among others. Novopay is currently operational in select locations in New Delhi, Mumbai, Kolkata and Bangalore and is headed by Sridhar Rao, who was the CEO…

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