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Aye Finance raises $3.8 million to ramp up lending to underbanked businesses in India

Inclusive Economy Aye Finance operates 72 lending branches in 10 Indian states The team at AYE Capital | PC: YourStory The company, based in Gurugram, India, uses alternative metrics, including non-financial ones, to assess creditworthiness for businesses that are overlooked or rejected by mainstream lenders. Aye Finance operates 72 lending branches in 10 Indian states and

Impact investor group launches vegetarian-meat company for Chinese market

A quarter of the world’s meat is consumed in China, including half of all pork, and meat consumption and production are both rising. Dao Foods International — a new collaboration between Dao Ventures, Moonspire Social Ventures and New Crop Capital — aims to “accelerate [China’s] shift toward plant-based and clean meat and capitalize on the investor interest in these better

VERGE Breakthrough Fund raises $1.7 million for Ontario startups

VERGE Breakthrough Fund has raised $1.7 million for Ontario startups. The seven-year fund is looking to raise $2 million in total to provide loans to social enterprises and affordable housing initiatives. It aims to achieve a 3% return. “This is a demonstration fund. It’s meant to see if this concept has legs,” says VERGE founder Lina

Apollo Hospitals launches health tech seed fund

Apollo Hospitals, a private Indian hospital chain, is investing $5 million in a seed fund for health and medical tech startups. The company will serve as an accelerator for the startups and plans to contribute $5 million more in capital, with the goal of raising $50 million to $100 million in total. Health tech is one

MyVyllage raises $1.2 million for early childhood care and education

MyVyllage has developed a curriculum and trains educators to run early care centers out of their homes, then monitors all of the centers in its network. MyVyllage’s seed round was led by Better Ventures with backing from Acumen America, Gary Investments and several angel investors. In January, Wonderschool raised $2.1 million from Omidyar Network and others

Women’s leadership for all, soft commodity risks and soft skills, Canadian aid innovation

Greetings, ImpactAlpha readers! #Featured: Women Rising Women’s leadership delivers a prize for all: long-term sustainable growth.If you’re looking to tap the next big global growth markets, you’d better be a woman, or at least be sitting next to one. Last year, the Business and Sustainable Development Commission outlined the $12 trillion “economic prize” in delivering on

The Brief’s Big Eight: Gun money, billion-dollar babies, alt-credit, values of inclusion

Greetings, ImpactAlpha readers! Investors flex their muscles on guns. Guns are the new carbon…or cigarettes…or South Africa. The $70 billion State of Michigan Retirement System sold its holdings in Olin Corp., maker of Winchester ammunition. New Jersey legislators will vote on a bill to ban guns from the portfolios of state employee pension funds. BlackRock,