Omidyar Network Invests in Akshara Foundation, EnglishHelper

Redwood City-headquartered philanthropic investor Omidyar Network announced two new India investments at a press conference in Mumbai today. The firm has made a $950,000 three-year grant to Akshara Foundation, a Bangalore-based public charitable trust focused on education. It has also picked up an undisclosed equity stake in Delhi-based English language training solutions company EnglishHelper. The amount invested was not disclosed….

Read More→

Anudip Raises $650K Grant From Omidyar Network

Kolkata-based Anudip Foundation has raised $650,000 a grant from Omidyar Network. The foundation, which provides jobs skills training and placement services to impoverished youth in rural and semi-urban areas, will use the four-year grant to scale up its skills training and entrepreneur development operations in eastern India, said a press release. The foundation started its work in 2006 and offers…

Read More→

HealthKart Raises $5.2 Million From Sequoia, Omidyar

Gurgaon-based online health store HealthKart has raised $5.2 million (Rs 27 crore) as part of a Series A round of funding from Sequoia Capital and Omidyar Networks, reports VCCircle. The company had earlier raised over $1 million from KAE Capital and Sequoia in seed funds. Founded in March 2011, the startup was reportedly in the market to raise $10 million,…

Read More→

D.Light Design Wins Ashden Awards

[media-credit name="Snigdha Sengupta" align="alignnone" width="199"][/media-credit]D.Light Design, a startup which makes solar-powered LED lanterns for developing world consumers, has won the Ashden Awards for Sustainable Energy 2010. The Cayman Islands registered company won £40,000 as the Gold Award winner this year. D.Light’s lamps enable users to replace kerosene lamps that tend to be more expensive and hazardous to health. The company’s…

Read More→

Omidyar Enters Indian Consumer Internet Market With Quikr

Yesterday, Mumbai-based online classifieds startup Quikr announced a Rs 20 crore Series B round of funding from Omidyar Network and existing investor Matrix Partners — see the press release here. The company had raised an undisclosed sum from Matrix in February last year. Online auction major eBay is also an investor in the firm. Incidentally, Quikr was earlier known as…

Read More→