India’s proposed social stock exchange has the potential to bridge the gap between investable capital and the country’s large and diverse social enterprise sector. It is important that the exchange (SSE) does not forego some of the most important principles of social impact – namely, inclusion, diversity and equality of opportunity for all deserving impact
ImpactAlpha, June 2 – Recycling company Plastics for Change sources landfill- and ocean-bound plastic waste from informal workers through a tech platform designed to ensure fair prices for the collectors. The company has raised a $2 million round, led by Mirova Natural Capital, which backed the company through the Althelia investment group it acquired last year.
ImpactAlpha, May 28 –Poor distribution has kept affordable insurance products for safeguarding health, livelihoods and possessions out of reach for most of India’s low-income, rural households. GramCover launched in 2018 to bridge the insurance access gap through digital services. GramCover reaches more than 1.3 million farmers and has sold $10 million in premiums. The company,