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The success of Grama Vidiyal has created interest from Social Investors and has received equity investment from renowned investors Mr. Vinod Khosla and Unitus Equity Fund for the first equity round followed by Micro vest, Amar foundation and Unitus Equity fund for the second round of equity.The presence of such strategic investors helps the company to have good corporate governance and set the platform for taking the organization to great heights.
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Mr Vinod Khosla went on to receive degrees from the IIT Delhi, India (Bachelor of Technology in Electrical Engineering ), Carnegie Mellon University (Masters in Biomedical Engineering), and Stanford Graduate School of Business (MBA). After graduating from Stanford University in 1980, Khosla along with his Stanford fellows founded Sun Microsystems. He then joined the venture capital firm Kleiner Perkins Caufield & Byers in 1986 as a general partner. In 2004 Khosla formed his own firm: Khosla Ventures. His current passion is Social Entrepreneurship with special emphasis on Microfinance as a poverty alleviation tool. He is a supporter of many microfinance organizations in India and Africa. He has been experimenting with global housing. Vinod is also passionate about alternative energy, petroleum independence and environment The Unitus Equity Fund (UEF I) is managed by Elevar, a global growth investor focused on the underserved four billion at the base of the pyramid in developing countries. Elevar intends to bridge the gap between these communities and global capital, helping to create a virtuous cycle of opportunity based on open access for all. UEF I is a $23.6 million equity fund which invests in high growth microfinance institutions. Conceptualized and launched by Unitus in 2006, the Fund has been an active participant in the development of a commercial equity market serving the microfinance industry, with an investment portfolio of six microfinance institutions across India and Latin America. Elevar manages UEF I on behalf of Unitus along with successor fund, Elevar Equity II. more details visit : www.elevarequity.com ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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