Unitus Raises New $3.3M Fund To Back Startups That Fight Poverty In India

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http://techcrunch.com – Unitus Seed Fund, which invests in for-profit startups in India to help people at the bottom of the economic pyramid access basic necessities, has raised its second fund of $3.3 million. The new fund, called Unitus Seed Fund India, has been approved by India’s market watchdog SEBI to raise¬†up to $9-12 million from local investors, making it the first such seed-stage impact fund in the country. The new fund comes at a time when India’s wealthy, first generation technology entrepreneurs and senior executives are actively seeking ways to contribute to their society. Unitus announced (IT news)