Google.org, Omidyar, Soros, create small-business Indian investment company
Google.org, the Omidyar Network and the Soros Economic Development Fund are creating a $17 million investment company that will provide capital to small and medium-sized businesses in India.
Microfinance lending schemes, or those that give money to small, traditional businesses, have been active in India for years, while venture firms and other investors have been pumping millions into Indian technology startups and later stage established companies. This fund is intended to bridge the gap between personal… Continue Reading