Impact Sector Lures Young Professionals To Bring Difference

By siliconindia  |   Monday, 26 October 2015, 16:00 IST
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BANGALORE: The impact sector has noticed a rise in Indian consolidates as the central position for enterprises that are being pulled by a social responsible impulse. Lead investors that include Unitus, Caspian Omidyar Network, and Lok Capital also stated that the number has come largely from fields such as financial inclusion, education, health and sanitation, reports ET.



Omidyar Network (India) is recruiting people in all levels and are currently finding leads for programs pertaining to education and financial inclusion that is apart from consumer, internet and mobile, said Roopa Kudva who recently joined as a Partner and a Managing Director in March after serving as Managing Director and CEO at Crisil.



Within the last few years Caspian has recruited roles for senior credit analyst, senior investment manager. It aims at bringing in two investment managers.



Co-founder and partner at Lok Capital, Vishal Mehta said, “People seem to have a better understanding of the word 'impact'. And they understand that hard commerce is equally a part of these companies. There are 25-plus India focused impact funds and a lot of them have hired and are hiring people in India.”



Srikrishna Ramamoorthy, Partner, Unitus Seed Fund said Impact fund management teams (India) are aiming for a small number and are looking at 10-20 people. Hiring is increasing with the rise of each new pool of capital set up. Therefore, people at junior, middle and senior levels are all eager to work in impact space.



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