Seed stage venture fund, Unitus Seed Fund with a total number of 23 investments across sectors including education, healthcare, financial technology, agriculture, retail and ecommerce, mobile and consumer claims that it is impacting more than 6.5 lakh (650,000) low-income lives across 22 states in India.
Unitus Seed Fund claims that it has shown a growth of 231% over 2014.
The venture fund says that a shift of mindset has taken place from non-profit to establishing sustainable and scalable market-based models. From its portfolio firms, Unitus expects looks at three types of impact:
Scale –The venture fund tracks the startups and expects it to impact 100,000 low-income families in 5 years, and/or directly employing up to 1,000 low-income individuals in the same timeframe.
Financial –The fund supports investee companies getting on the path to financial sustainability through increased revenues and further capital raised.
Ecosystem – Every portfolio company benefits from, influences, and improves the functioning of the overall startup ecosystem.
Unitus Seed Fund Co-Founder and Managing Partner, Will Poole said, “We believe strongly in accountability and transparency, and are pleased to publish our fourth report on our progress towards delivering scaled and sustainable impact across India via our rapidly growing portfolio.”