Latest ThinkChange India News
Jun 14, 2013
Mergers & Acquisitions | 13 June 2013 Yourstory Buys Social Entrepreneurship Platform - ThinkChange India by Paritosh Gajjar @Paritosh YourStory.in, the media platform covering startups and early stage deals, has acquired social enterprise platform ThinkChange India. Financial details of the merger remain unknown. ThinkChange will be merging with SocialStory, which is YourStory’s web platform for the social enterprise and impact investing segments. ThinkChange India is a five year old firm operating as an online platform for people in the social entrepreneurship and enterprise space. It will cease to operate as part of the acquisition. Back in 2010, ThinkChange was brought on board as the media partner for an initiative targeted at social entrepreneurship by YourStory.in and CNBC-TV18 Young Turks. Social impact investments have been on the rise in India with growing awareness and keeping in mind the untapped potential the nascent industry serves to be. Last month, Bangalore based Socialblood, a social network that connects blood donors, raised an undisclosed amount from multiple investors. This signals the growing interest among the investing community. The concept also received the regulators go ahead earlier this year when SEBI approved the registration of Incube Connect Fund , one among the pioneering social venture funds. Big names like the Patni brothers had invested for a 43% stake in social investment bank, Grameen Capital India. Motilal Oswal was planning a India focused impact investment fund with a corpus of R250-300 Cr for investment in socially relevant ventures.