Revenues have grown 106 per cent YoY and Investees have raised 3.64x additional capital
18 September 2017, Bangalore: Unitus Seed Fund, India’s leading impact venture fund investing in early- stage startups innovating for the masses, today released its semi-annual impact report, which is now mapped to UN Sustainable Development Goals (SDGs). As of 30 June 2017, Unitus Seed Fund’s active portfolio of 14 companies have directly impacted over 1.2 million BoP (Base of the Economic Pyramid) lives across 29 states in India and created over 6, 200 sustainable, quality jobs. The fund’s portfolio companies have registered a 106 per cent year-on-year (YoY) growth in revenues and have raised 3.6x additional capital since Unitus’ initial investment.
Will Poole, Co-founder and Managing Partner at Unitus Seed Fund said, “We are incredibly excited that we’ve crossed this important milestone of directly impacting over 1 million lives as a result of the work of our fast-growing portfolio companies.
Since founding in 2013, Unitus Seed Fund has adopted a holistic, well-defined methodology of tracking and advancing portfolio companies’ progress and impact using industry standard IRIS metrics, now mapped to the UN Sustainable Development Goals (SDGs):
In a first-of-its-kind move within the Indian investment ecosystem, Unitus Seed Fund has aligned its impact outcomes with the UN Sustainable Development Goals (SDGs) which provide a universal language to communicate impact to a wide range of investors and other stakeholders. This standardized framework lets investors track cumulative progress across each SDG target and assess where capital can best flow to improve people’s lives and the planet while at the same time providing market rate financial returns.
Within the new framework, Unitus Seed Fund’s portfolio companies’ work aligns with four UN SDGs –
“The UN SDGs are critical as they provide a common framework for any player creating impact to align with – from donors, to traditional and impact investors on one end and non-profits to impact businesses on the other. Through this move, we deeply encourage other ecosystem investors to utilize this framework as this multi- sector collaboration at the investment and impact level will enable us to improve the lives of millions of low-income people globally”, said Srikrishna Ramamoorthy, Partner at Unitus Seed Fund.
In its first Fund of USD $23 million, Unitus Seed Fund made a total of 23 investments across education, healthcare, financial technology, retail and e-commerce, mobile, consumer internet and agriculture. Unitus Seed Fund is currently raising its second fund of USD $45 million and plans to deploy it in across 25 – 30 startups in education, healthcare and financial technology by 2021.