In April 2017 we became a partner of Acumen. Acumen makes patient long-term debt or equity investments in early-stage companies providing reliable and affordable access to quality education, healthcare services, formal housing, and safe drinking water to low-income customers.
The patient capital Acumen provides is accompanied by a wide range of support services to support organisational scale up. Its aim in investing patient capital is not to seek high returns, but rather to jump-start the creation of enterprises, and subsequently improve the lives of the poor. We look forward to work closely with Acumen as a partner, not only in India, but also in the East African markets.
“It starts by standing with the poor, listening to voices unheard, and recognizing potential where others see despair. It demands investing as a means, not an end, daring to go where markets have failed and aid has fallen short. It makes capital work for us, not control us.” [extract from Acumen manifesto]
Dasra is India’s leading strategic philanthropy foundation focused on creating large-scale social change toward a transformed India where a billion thrive with dignity and equity. Founded in 1999, Dasra accelerates social change by driving collaborative action and powerful partnerships with funders, social enterprises and other key stakeholders. Dasra works on a range of challenges in India including empowering adolescents, sanitation and governance. We are excited to work with Dasra over the coming years to support the organisation ARMMAN (profiled here) scale up and continue the important mission of reducing maternal and child mortality in India.