Impact Guru

Impact Guru is a donation based crowdfunding platform that offers global crowdfunding solutions for NGOs, social enterprises, startups and individuals.[1][2][3][4][5] It was launched by Maneka Gandhi, Union Cabinet Minister for Women & Child Development, Government of India in September 2015.[6]

ImpactGuru.com
TypePrivate
IndustryCrowdfunding, Charity
Founded2014
Founders
  • Piyush Jain (CEO)
  • Khushboo Jain (COO)
Headquarters
Mumbai
,
India
Area served
Worldwide
Websitewww.impactguru.com

Impact Guru has mobilized ₹150 crore (US$21 million)for various NGOs and social enterprises in more than 15 countries.[7]

History

Impact Guru was incubated at Harvard Innovation Lab’s Venture Initiation Program in 2014[8][9] and PACT at Impact Hub in Singapore in the year 2015.[10][11] Impact Guru was founded by Piyush Jain,[12] a graduate of the Wharton Business School and Khushboo Jain, an alumnus of Welingkar Institute of Management.[13][14]

Funding

In April 2015, Impact Guru raised ₹3.3 crore (US$460,000) [15] seed round from a Singapore-based venture capital firm RB Investments, and Fundnel, a private investment platform based in Southeast Asia.[13][9][16] Since its inception, Impact Guru has raised ₹600 crore (US$84 million) to support various causes and organizations.[17]

Partnerships

In April 2016, Impact Guru partnered with Singapore's investment platform Fundnel to tap into philanthropic and investment capital from the Indian diaspora based in Southeast Asia.[16] In September 2016, Impact Guru partnered with United Nations entity named UN Women to run the Project Inspire, an initiative by Singapore Committee for UN Women in partnership with Bain & Company and MasterCard[18] to support social entrepreneurs working towards Women's empowerment.[9] In October 2016, It partnered with US and UK based crowdfunding platform, GlobalGiving.[19][20][21]

Media

Impact Guru was featured in CNBC TV18's longest running show -Young Turks.[22]

See also

References
  1. Shankar, Shashwati (September 20, 2016). "Crowdfunding cos Impact Guru, Ketto see increased sponsors for women safety ideas". The Economic Times.
  2. Velayanikal, Malavika; Chakraberty, Sumit; Tegos, Michael (May 4, 2017). "These 8 hardware startups are tackling some of society's biggest problems". Techinasia.com.
  3. स्टार्टअप इंडिया स्टैंडअप इंडिया: इम्पैक्ट गुरु की संभावनाभरी दस्तक (in Hindi). Sanjeevni Today. May 5, 2016.
  4. Rai, Saritha (August 18, 2016). "Crowdfunding catches on in India - not just for tech projects". The Australian Financial Review.
  5. "Through Impactguru, they're crowdfunding for a better future". EDEX. Edex Live. March 24, 2017.
  6. Saxena, Arpita (July 29, 2016). "Piyush Jain, Founder and CEO, Impact Guru". India Infoline.
  7. "Impact Guru and Fundnel Helped Mobilize Over Rs 150 Cr For Various Social Projects Across 15 Countries". BW Businessworld. May 2, 2017.
  8. Joshi, Mitra; Vishwanathan, Vivina (May 12, 2015). "Get the crowd, and its money, behind you". Mint.
  9. Singh, Arti (September 19, 2016). "Impact Guru selected to run a global crowdfunding challenge". VCCircle.
  10. "Impact Guru, Company Description" (PDF). harvard.edu. Retrieved May 6, 2017.
  11. Ongchoco, David (August 25, 2015). "Startup Insider: How 'The HUB SG' Is Growing the Social Impact Startup Community in Singapore". HuffPost.
  12. Chawla, Shray (September 28, 2015). "10 Indians Who Approached A Problem Differently And Solved It". ScoopWhoop.
  13. Sharma, Disha (April 28, 2016). "Crowdfunding platform Impact Guru gets seed funding". VCCircle.
  14. Khosla, Varuni (May 31, 2016). "Great leaders are not afraid of criticism: Piyush Jain, Founder & CEO, Impact Guru". The Economic Times.
  15. Agarwal, Meha (April 29, 2016). "Crowdfunding Startup Impact Guru Raises $500K From RB Investments And Fundnel". Inc42.com.
  16. "The Wedding Brigade raises Rs 4 crore, Impact Guru gets Rs 3.3 crore". The Economic Times. Press Trust of India. April 28, 2016.
  17. "विदेशस्थ भारतीय दात्यांना करसवलतीचे लाभ शक्य" (in Marathi). Mumbai: Loksatta. May 6, 2017.
  18. Ji, Anand (September 16, 2016). "UN Women picks Impact Guru for crowdfunding campaign". The Times of India.
  19. Hurst, Samantha (May 2, 2017). "India's Impact Guru & GlobalGiving Announces Partnership: Offers Tax Benefits to International Donors in the U.S. & UK". Crowdfundinsider. Business Insider.
  20. Gupta, Soumya (May 1, 2017). "Crowd-funding platform GlobalGiving enters India via Impact Guru tie-up". Businessworld.
  21. "Impact Guru, GlobalGiving tie-up to scale crowd funding in India". New Delhi: Business Standard. May 2, 2017.
  22. "Impact Guru: Crowd funding for non-profits". Moneycontrol.com. CNBC-TV18. February 18, 2016.


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