29th April 2019, Bangalore: Unitus Ventures, one of India’s leading early-stage venture capital funds investing in startups innovating for the masses announced that its portfolio companies have impacted more than 4.7 Million low-income lives in India.
The 2018 Impact Report focussed on Unitus Ventures’ fifth year of investments in great entrepreneurs innovating for the masses in India. The report further focussed on their work with these entrepreneurs to generate superior financial returns and social impact at scale.
Other important highlights included generating cumulative revenue of USD $69 million (~INR 479 crores) at a 112% growth from previous year and created 12,797 quality active jobs across 29 Indian states.
Impact measurement and management at Unitus focusses on collaborating with portfolio companies towards setting five-year impact goals impact goals and corresponding impact metrics in alignment with their business strategies and operations.
As of December 2018, Unitus had 23 active portfolio companies and 12 of them received follow-on financing from Unitus Ventures and other investors to help them scale their businesses and increase their impact further.
Adds Srikrishna Ramamoorthy, Partner, Unitus Ventures, “We back entrepreneurs who develop products and services based on needs of India’s low-income masses. They cater to market value of more than USD $1.2 trillion. Their innovations are validated by the masses and we see strong potential in these entrepreneurs for generating profits along with positive scaled impact.”
According to Unitus, a strong impact investment strategy warrants that the company continues to grow and enables them to deliver sustained results over time. Every investment that Unitus considers is focussed on relevance for the masses and the value it brings to their lives. Over the last five years, Unitus Ventures has not only screened for impact pre-investment, it has also been recognized as a pioneer in implementing impact management practices.
About Unitus Ventures
Unitus Ventures is India’s leading impact venture fund investing in startups innovating for the masses across healthcare, education and fintech sectors. Founded in 2012, Unitus Ventures is a part of Capria Network, the leading global network of impact fund managers investing in emerging markets of Africa, Asia and Latin America. Unitus Ventures is based in Bangalore and Seattle. Capria has offices in Bangalore, Singapore, Nairobi, and Seattle. More at: https://unitus.vc and http://capria.vc/network