The Omidyar Network has announced the launch of a new office that will work to expand the organization's investments in India.
Omidyar Network India Advisors will work to expand Omidyar's investments in the region while partnering more closely with India-based portfolio organizations to support the country's economic and social transformation. The group will build on the more than $43 million the network has invested in Indian entrepreneurs and organizations, including the Rural Development Institute; online classifieds company Quikr; and the Unitus Equity Fund, which supports microfinance institutions.
"I am confident that Omidyar Network's investment in high-impact entrepreneurs and innovative organizations will catalyze economic opportunity and social impact in India," said Jayant Sinha, the managing director of Omidyar Network India Advisors. "I am excited to lead the organization to encourage market-based approaches that have the potential to improve millions of lives."