Unitus Labs has launched Unitus Seed Fund - a seed stage venture fund to invest in Indian startup businesses with potential for large-scale poverty impact.

The fund has also made announcement of its first three investments in Indian startups - Bodhicrew Services, Hippocampus Learning Centres, and Milaap Social Ventures.

Founded by Vivek Kaushik - Delhi based Bodhicrew Services Private Limited provides skill development for those working in the unorganized sector.

Bodhicrew offers a one-stop solution to employers for an ethically sourced and well-trained workforce. To the workers, Bodhicrew offers technical training and guarantees safe placement and fair wages. It also supports legislative, administrative and policy changes which contribute to the employability, dignity, and welfare of the workers and their families.

Umesh Malhotra founded Hippocampus Learning Centres establishes learning centres in villages offering preschool and after school programs to age groups from 3 years to 10 years with the aim of improving a child’s capacity to learn and do better in school.

The investment will help to expand its reach into 100 villages, reaching out to more than 5000 children and employing nearly 300 women by June 2012.

Founded in 2010 by Sourabh Sharma and Anoj Vishwanathan – Milaap Social Ventures is an online microlending platform which enables anyone around the world to lend money to the working poor in India through the website www.milaap.org.

The loans aim to provide the poor with access to basic amenities including clean drinking water, toilets, education, renewable energy as well as income-generation opportunities. So far, Milaap has raised $200000 for borrowers in various parts of India with 100% repayment rate.

Unitus Seed Fund is a project of Unitus Labs and is currently focused on the India market. Unitus
Seed Fund identifies startups with strong entrepreneurial teams who have a mission to build large sustainable businesses which improve the lives of those living at the base of the economic pyramid (income of less than $2 per day.)

The fund will support to these social entrepreneurs to expand assists in raising growth capital to expand further.

Unitus Labs is an international non-profit which focuses on reducing poverty through economic
self-empowerment. It has incubated and spun-out Unitus Equity Fund, early-stage microfinance venture fund, Unitus Capital, the financial advisory service for social enterprises in India, and Unitus Impact, an investment company.

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