The Jaipur, India-based startup fund is investing 26 million rupees ($408,000) in four ventures: Contree, a network for volunteer activities based in Jaipur; Urdhvam, a water management consultancy based in Pune; Medcords, a Kota company that digitizes health records; and Free Spirits Green Labs, a Delhi-based venture that sells solar products.
The investments were made through Startup Oasis’s “Invent Program,” which backs tech startups serving poor customers outside of India’s main cities. Invent previously invested 17 million rupees in six startups.
The program is funded by U.K. development finance agency DFID; incubation is led by Chennai-based Villgro.
