Bangalore NGO Janaagraha funded $3ml by Omidyar
Worldwide philanthropic investment firm Omidyar Network shall offer a multi-year funding of $3 million to Bangalore-based non-profit organization as financial support for proposal that make government clear.
This is the major funding through the firm for assignment of this nature beyond the US and is division of a worldwide promise to make available $30 million to organizations that use expertise to run this program.
Omidyar Network, which offers capital to both for-profit and non-profit commerce, has a landmark -based funding delivery model that it shall utilize to make available the finances to Janaagraha. Since this also necessitates the NGO to lift matching funding from additional donors and it is observed as a extra sustainable model for all such proposals.
Jayant Sinha managing director of Advisors expressed that they offer flexible capital, in the shape of equity in for-profit commerce and funding for non-profits but the objective is social influence, which has set in approximately $60 million in a variety of ventures such as Quikr, early on stage investor SONG Advisors and clean-tech firm D Light Design.