Sankhya Women Impact Fund (SWIF), an early-stage fund for women entrepreneurs, is planning to invest up to USD 500,000 each in charity-focused crowd-funding venture Milaap and e-learning venture MarkSharks. SWIF is also looking to raise USD 8-10 million to make investment in a total of 15 startups by April next year.
Shloka Nath, executive director of SWIF told VCCircle that the fund is mainly looking at sectors like education, healthcare and skill development that can generate considerable social impact.
Started by Shloka and Reena Mithal, Sankhya Women Impact Fund will focus both on financial and social returns and recently raised USD 1 million in funding. Other startups identified by the fund for investment include LabourNet, Araku, NEST Education and Bodhi Healthcare, among others.
Based in Bangalore, with its headquarters at Singapore, Milaap is an online fundraising platform that enables non-Indians & non-resident Indians (NRIs) to make a loan to India. It enables people around the world to fund and impact communities in need of basic facilities in India. The firm has raised a total funding of USD 1.1 million and secured USD 170,000 in loans.
New Delhi-based MarkSharks provides a high quality, tablet-based offering to teach students. It is also building a new system that can change the way students learn. With MarkSharks, students will learn by conducting their own experiences, exploring real-life situations and manipulating 3-D models and seeing detailed animations.
Image Source: Forbes.com