Information on the Target

Haqdarshak is an innovative early-stage enterprise dedicated to enhancing access to government and private welfare services for underserved populations in India. Founded in 2016 by Aniket Doegar, PR Ganapathy, Mayank Garg, and Asha Krishnan, Haqdarshak leverages technology to connect last-mile individuals with essential support services. The organization utilizes a web and mobile platform, supplemented by a network of trained field agents predominantly composed of women, known as Haqdarshaks.

To date, Haqdarshak has successfully trained over 10,000 independent agents who have assisted more than 654,000 citizens in accessing various welfare benefits, amounting to a substantial total of $72 million. The company's impact has been bolstered by partnerships with prominent foundations, including the Bill & Melinda Gates Foundation, the Michael and Susan Dell Foundation, and the Hindustan Unilever Foundation.

Industry Overview in India

India's social welfare landscape has been experiencing significant transformations over the past decade, driven by increased government focus on inclusive development. The country has implemented several initiatives aimed at improving access to welfare services, which are critical for enhancing the quality of life for its economically vulnerable populations. As such, the demand for solutions that facilitate access to these services has grown substantially.

With a rapidly advancing digital landscape, technology-enabled platforms like Haqdarshak have emerged as crucial players in bridging the gap between beneficiaries and welfare programs. This shift is particularly important as it helps streamline processes, making it easier for individuals to understand and avail essential services. Additionally, the rise of mobile internet usage in India has created an opportunity for solutions that can reach remote and underserved communities effectively.

Moreover, the involvement of social enterprises in this sector is becoming increasingly pronounced, as they leverage investment and innovation to address socio-economic disparities. Investors are recognizing the potential for impactful interventions that not only deliver profit but also foster social change, making this space ripe for growth and investment.

In conclusion, the Indian welfare services industry is poised for expansion, fueled by technological advancements and a commitment to inclusive social change. Enterprises that can navigate the complexities of this ecosystem will likely play a vital role in enhancing access to welfare services across the nation.

The Rationale Behind the Deal

The decision by Beyond Capital Fund to invest in Haqdarshak stems from the growing recognition of the importance of social enterprises in facilitating access to essential welfare services. This investment aligns with beyond Capital's mission of addressing socio-economic challenges through scalable business models. By participating in this pre-Series A round, Beyond Capital aims to support Haqdarshak's continued growth and impact in the welfare sector.

Furthermore, with a proven track record of training agents and unlocking significant benefits for citizens, Haqdarshak represents a compelling opportunity for investors looking to support innovative solutions that promote social equity. Investing in Haqdarshak also positions Beyond Capital to contribute meaningfully to the welfare initiatives that are critical for improving the lives of many in India.

Information About the Investor

Beyond Capital Fund is a pioneering investment firm focused on driving social change through strategic investments in early-stage enterprises that address critical human needs. By leveraging capital to support innovative solutions, Beyond Capital aims to foster sustainable business models that are intertwined with social impact.

With a strong reputation for seeking out transformative opportunities in emerging markets, the firm prioritizes investments that yield both financial returns and meaningful societal benefits. The commitment of Beyond Capital to enterprises like Haqdarshak highlights their dedication to creating an inclusive ecosystem that empowers disadvantaged communities through effective welfare access.

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In the context of the growing demand for social impact solutions within the welfare sector, Haqdarshak appears to be a sound investment. The organization has not only demonstrated a clear operational model but has also illustrated its ability to mobilize resources and create significant social value. By empowering local agents, particularly women, Haqdarshak is expanding its reach while supporting gender equity within the workforce.

Additionally, the strategic partnerships Haqdarshak has established with major foundations further affirm its credibility and potential for scalability. These collaborations not only enhance financial sustainability but also expand operational capabilities, aligning with the broader goals of social impact investing.

Moreover, the increasing digital penetration in rural and underserved areas in India presents a substantial opportunity for Haqdarshak. As more individuals come online, the demand for accessible welfare services will likely escalate, positioning Haqdarshak to play a leading role in meeting this critical need.

In summary, Beyond Capital’s investment in Haqdarshak is poised to yield positive returns, both financially and socially. Given the company's innovative approach and the growing landscape of welfare services in India, this partnership is expected to make a significant impact in the years to come.

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