Grameen and Acumen raise Rs 10 Cr credit facility for social impact companies via SDG bonds

Grameen Impact Investments and Acumen announced India’s first sustainable development goals (SDG) bond. The LIFE SDG Bond provides a credit facility of Rs 10 crore to five for-profit social impact enterprises. These organisations – LabourNet, Empower Pragati, Edubridge, iSTAR, and iPRIMED – work towards enabling sustainable livelihoods for youth across India in both rural and urban areas.
https://yourstory.com/2019/06/investment-bonds-social-impact-grameen-acumen-labournet

How LabourNet is bridging the gap between employers and jobless migrants

Workers are looking for jobs which they don’t get. The market is looking for particular kinds of workers which it does not get.
The two pass each other like ships in the night. Why this yawning gap? This was the thought that struck Gayathri Vasudevan in 2008 when she was working with the International Labour Organisation.

https://www.business-standard.com/article/companies/how-labournet-is-bridging-the-gap-between-employers-and-jobless-migrants-119051800847_1.html

LabourNet to promote Tata, Google-backed ‘Internet Sathi’ program in rural India

LabourNet, a Bengaluru-based social enterprise, has been roped in to expand Tata Trust and Google India-backed internet awareness program, ‘Internet Sathi’ in the states of Maharashtra and Haryana, said a top official of the company in Hyderabad on Friday.
https://economictimes.indiatimes.com/tech/internet/labournet-to-promote-tata-google-backed-internet-sathi-program-in-rural-india/articleshow/62573096.cms

LabourNet CEO: Key to upskilling informal workers is building on existing knowledge

LabourNet works among the youth in urban and rural India, has been in the field for the past 10 years, focussing on RPL (Recognition of Prior Learning), and bridging skill gaps in education and entrepreneurship, especially in medium, small and micro enterprises.
https://www.thehindubusinessline.com/news/labournet-ceo-key-to-upskilling-informal-workers-is-building-on-existing-knowledge/article9980591.ece

Announcing a New Investment: LabourNet

LabourNet today announced an undisclosed equity investment from Acumen, a pioneering nonprofit global venture firm addressing poverty across South Asia and Africa, and the Michael & Susan Dell Foundation, an organization focused on improving the lives of impoverished children through education and health in the United States, South Africa and India. LabourNet is a leader in the private vocational training & education sector in India, enabling livelihoods via work-integrated job training for informal sector workers in trades such as construction, manufacturing, leather, and beauty among others.
https://acumen.org/blog/labournet/