Khosla Impact, an independent $30-million ‘frontier markets fund’ providing investments for technology oriented social ventures across India and Africa, has quietly invested in five Indian firms over the last couple of years and is now looking to put in money in two more companies in 12 months, according to a top executive.
Founded in 2011 by Vinod Khosla, a veteran Silicon Valley venture capitalist, Khosla Impact is a for-profit commercial fund focusing on companies operating in providing clean and accessible water, on-demand energy and affordable healthcare, tools for economic empowerment like information-based platforms, education, mobile marketplaces, and agricultural supply chains. In addition to the five Indian firms, it has infused money in two African companies.
Khosla Impact’s Indian portfolios include Babajob, an informal and entry level job portal; Embrace Innovations, a provider of affordable healthcare devices; MokshaYugAccess, a rural supply chain solutions firm and Driptech, a provider of affordable drip irrigation for small farmers, besides another unnamed company which would be announced in mid-September.
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