Mumbai: Omidyar Network India launched ReSolve Initiative to create a portfolio off ‘lighthouse investments’ in solutions built to empower the MSME sector & support migrant workers. The preferred range of funding will be between $500,000 to $2 million per project.
The initiative is a response to the new challenges the pandemic and the consequent economic impact has created for Omidyar Network India’s focus segment, the “Next Half Billion” (NHB) – those in the lower 60 percent of India’s income distribution.
Under this initiative, Omidyar Network India is keen to work in partnership with other funders and support coalitions that work on solutions.
