Global impact investors Rockefeller Foundation and Omidyar Network have joined hands with Dasra, a strategic philanthropy foundation, to launch the Impact Investing Forum in India.

The forum on Saturday announced the launch of the India Impact Economy Innovations Fund to catalyse collective action and market development in India, a statement said.

Rockefeller and Omidyar announced a grant of $800,000. Dasra will administer the grant over the next few months. “We see a lot of potential for impact investing in India. With this grant, we hope to build an ecosystem that nurtures innovation, unlocks different forms of capital and fosters collaboration”, said Margot Brandenburg, associate director, Rockefeller Foundation.

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