Omidyar Network India
Invests in early-stage impact enterprises in six key areas: Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance & Citizenship Engagement, and Property Rights
About
-
Headquarters
Mumbai, Maharashtra
-
Since
2004
Omidyar Network invests in non-profits and for-profits with innovative ideas in early stages. Its support to impact businesses does not end at providi Read moreng capital; it also offers consulting on strategy, coaching executives, and recruiting new talent. It also facilitates the use of technology to scale the impact of its investees. The criteria for its investees are alignment, impact, scalability, leadership, and innovation. Omidyar Network's flexible capital model allows for impact investments alongside traditional grants. In addition to providing financial support to businesses, it also advocates for policy changes that encourage market growth, innovation, and entrepreneurship. Since its inception, the organization has committed to over $1.3 billion to for-profit companies and non-profit organizations that work to generate opportunities for individuals across six focus areas: Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance & Citizenship Engagement, and Property Rights Omidyar works across the social and business sectors, operating in the US as both a Limited Liability Company (LLC) and a 501(c)(3) foundation. Through its work in Digital Identity, The organization invests in enterprises that use technology to empower individuals in a secure, cost-effective, and privacy-enhancing manner. The organization has made investments in more than 45 educational institutes since 2009. It focuses on three main areas when making educational investments: K12 innovative school models, K12 ed-tech, and connected skilling for work readiness. In its work in emerging technology, Omidyar Network supports entrepreneurs who serve the next half-billion people who will be coming online and are developing solutions that enable interaction, provide access to reliable information, and improve access to technological healthcare. In March 2018, Omidyar Network established Spero Ventures, a venture fund which targets entrepreneurs engaged in technological innovations. Omidyar Network engages in financial inclusion by investing in the use of technology such as electronic currency which make financial transactions more affordable, flexible, and convenient. Additionally, it helps implement these innovations successfully in the market by supporting policy reforms and consumer research. The organization invests in key business, civil society, and technology solutions that improve the way property rights are identified, publicized, and protected, so that the property rights of individuals, businesses, groups, and communities are secured. The organization engages in research and policy making that empower people to secure their assets. Some of the start-ups it has supported are Bijak, EGOV, IntrCity, Transerve, CredR, FES, Jan Sahas, Vedantu, Doubtnut, Indifi and Sitara.
Programs
-
Digital society
India is undergoing a rapid process of digitization, a pivotal tool for accelerating the country's development more efficiently and cost-effectively. The objective is to empower every Indian to feel confident and secure in their online interactions, harness the advantages of technology, and minimize potential harm from associated risks. To achieve this, there is a collective need to establish a flourishing and well-regulated digital and data-driven economy. Additionally, it is crucial to promote the widespread adoption of responsible technology practices, which encompass principles of inclusivity, privacy, security, transparency, and effective governance.
The organisation's investments span the following themes:
Informed and active internet users
Responsible tech by businesses
Inclusion and safeguards
Improving data governance policies -
Education and employability
The aim is to enhance the educational and life skill achievements of Pre K-12 students and bolster the employability prospects of individuals either on the brink of entering the workforce or already engaged in it. Furthermore, the organisation aspires to invest in models that facilitate the proliferation of innovative employment opportunities on a large scale.
The investments span the following themes
PRE K-12: EDTECH
WORKFORCE DEVELOPMENT
Digital livelihoods
Structural barriers -
Emerging technologies
The aim is to boost affordability and accessibility to essential products and services while creating opportunities by backing innovative technology companies operating in impactful sectors. These companies either serve the Next Half Billion (NHB) as customers, are owned by NHB individuals, and/or employ a significant number of NHB individuals.
The investments span the following themes:
Agriculture
EV ecosystem
Healthcare
SME Tech -
Financial inclusion and wellbeing
The organisation has faith in the transformative potential of technology to render financial products more cost-effective, readily available, and user-friendly for underserved clientele. The investments are directed towards visionary entrepreneurs who pioneer innovative financial products and services geared towards enhancing the financial well-being of both the Next Half Billion (NHB) and MSMEs. Additionally, it allocates resources to support digital facilitators and market infrastructure that can expedite digital financial inclusion. This distinctive approach enables it to fund research efforts aimed at comprehending and mitigating the structural barriers hindering financial inclusion.
The investments span the following themes
NHB Financial health
MSME Financial health
Digital tools and enablers
Targeted market infrastructure -
Advancing cities
StateThe goal is to promote substantial social and economic advancement for both city residents and immigrants by encouraging inclusive and socially responsible urban development. The organisation's investments span the following themes:
Ease of living
Ease of earning
Resilient infrastructure
Inclusive collaboration
Leadership Team
Demographics & Structure
-
No. of Employees
100+
M&E
-
Internal, External Assessors
No
Policies
-
Ethics and Transparency Policies
No
-
Formal CEO Oversight & Compensation Policy
No
Political & Religious Declarations
-
On Affiliation if any
No
-
On Deployment Bias if any
No
Registration Details
-
Registration ID
U93000MH2009PTC196403
-
FCRA
Not Available
-
CSR Registration Number
Not Available
Location
-
Headquarters
B, 5 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (E), Mumbai, 400051
Directions
Other Details
-
Type & Sub Type
For-profit
Private Limited Company