Your Mark On The World

#218: Unitus Provides Venture Capital To Indian Startups

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February 5, 2015 - Read the full Forbes article and watch the interview here: http://onforb.es/1EHDsKc. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Unitus, one of the early entrants in microlending in the developing world and, as a result, in impact investing, is continuing to innovate. The Unitus Seed Fund provides venture capital for people near the base of the pyramid in India. Yesterday, Unitus announced a partnership with Pfizer PFE +0.44%, PATH , Manipal Hospitals and Narayana Health to provide up to $85,000 each to healthcare entrepreneurs in India in the form of “non-dilutive” capital. Dave Richards, Managing Director of Unitus Seed Fund, said, “There is a massive seed funding gap in most emerging markets due to a lack of a local culture for high-risk ‘angel’ investing by those with wealth. This is particularly true for high demand/low supply emerging sectors such as education, healthcare, retail, agr