World Bank Group Awards $2 Million to Social Enterprises

Bhopal, India – Twenty social enterprises were today awarded grants totaling $2 million by the India Development Marketplace (DM) funded by the World Bank Group (WBG). The grantees received $100,000 each to extend and scale up their innovative business models in the states of Madhya Pradesh, Chhattisgarh, and Jharkhand. A number of financial institutions, social entrepreneurs, investors, and government officials participated at the India DM event organized to showcase these development solutions to the problems of the most vulnerable people.

iMerit Technology Raises Funds From Omidyar Network

Omidyar Network has invested in globally networked IT enabled services company iMerit Technologies Services. The funds will be used in scaling up operations, open additional project centres and to expand senior management team, according to yourstory.in.

Harvard Business School Case Study Covers iMerit

In an important case study titled "Omidyar Network: Pioneering Impact Investment" HBS Lecturers Michael Chu and Researcher Lauren Barley create for MBA students a scenario where Matt Bannick, senior partner at ON has to decide whether or not to invest in iMerit Technology Services and Anudip Foundation.

Deccan Herald Discusses the iMerit Revolution

Deccan Herald covers the Omidyar Network's landmark investment in iMerit.