Acumen Investment Gives Fund Stake In Growing Technology Platform Transforming Rural India

Acumen Fund

Drishtee Kiosks Harness Technology to Increase Accessibility of Critical Information and Services Including Healthcare and Education

New York, NY – Acumen Fund, a leading catalyst for sustainable, scalable solutions addressing poverty in South Asia and Africa, announced today that it has invested $1.6 million (~Rs.72 million) in Drishtee Dot Com, a rural Information and Communications Technology (ICT) platform operating more than 1000 kiosks in India that provide computer and English education, e-governance and digital photography services. Acumen Fund’s investment of $1 million (~Rs.45 million) gives it an equity stake in Drishtee and is being used to finance the growth of Drishtee’s kiosk base and officially launch Quiver Infoservices Limited, a Drishtee subsidiary that will focus on expanding and improving the offerings of the company’s kiosks, including health-related services for the rural poor. Acumen Fund is also providing a concurrent loan to Drishtee of $600,000 (~Rs.27 million).

To continue reading, head over to the press release.

To learn more about Acumen Fund, check out their website and read their blog: Acumen Fund- Entrepreneurial Solutions To Global Poverty.

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