- India, soon to be the most populous country in the world, also has the most people without access to safe water, and hundreds of millions of people without toilets, electricity, or bank accounts.
- Accion’s Michael Schlein said Accion Ventures Labs was selling its share in the company “knowing Aye is on a clear trajectory to grow and continue to help the underserved.”
- Gurgaon-based Aye Finance, which has a presence across 100 Indian cities, will use the fresh capital to expand lending to more rural areas.
- Bangalore-based Vedantu is an online tutoring platform that connects students with affordable group and one-on-one tutoring sessions in 80 cities across India.
- Indian venture capital firm Chiratae Ventures and the Bill & Melinda Gates Foundation backed the company’s Series B equity round.
Suminter works with 50,000 farmers across Africa and Asia to source its products, which are then sold in 20 countries.
- ARUN sees the potential to boost job stability and income of domestic workers, particularly women, who otherwise depend on informal “maid bureaus” to get hired.