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November 28, 2012

Deal Alert: Impact Circle invests in K-12 firm Sudiksha


Impact Circle, a new social ventures focused angel investor network, has made its first investment in Sudiksha Knowledge Solutions Pvt. Ltd., a Hyderabad-based education services provider. Sudiksha is presently owns and manages 18 schools in Andhra Pradesh, 12 are in Hyderabad and 6 in rural Andhra Pradesh. Our 12 schools in Hyderabad are managed by women entrepreneurs. 

Impact Circle, which has the backing of institutional investors such as Ennovent, Switzerland’s Rianta Capital, and the Michael and Susan Dell Foundation, will provide seed capital ranging from $25,000 to $1 million (Rs.14 lakh to Rs.5.5 crore) to very young social ventures. The investments will be either direct equity or compulsory convertible debt investments, and will be for 5-7 years. 

Impact Circle members include senior corporate executives such as Anurag Jain, who led delivery services at Dell; Joydeep Mukherji, a former American Express executive; and Sadeesh Raghavan, former managing director at Accenture, who is also a member of the Indian Angel Network. Impact Circle plans to cap its membership at about 50 by early-2014. The network expects to close two more deals in the healthcare and agricultural information space at the start of 2013.