Amplifying the impact of impact investing in India
Geeta Goel manages the strategy and implementation of the Michael & Susan Dell Foundation’s work in India in two key areas – education and family economic stability. Leveraging a suite of funding tools – grants, contracts, and programme-related investments – the foundation has committed over $150 million in India and has over 50 active projects in the country.
Geeta has represented the foundation on several boards of its investee companies, including Ujjivan, Janalakshmi, Swadhaar, Arohan, and Micro Housing Finance Corporation. She is also on the investment committee of India Educational Investment Fund and Education Catalyst Fund.
Geeta writes extensively on impact investing in India. As an insider to the country’s impact investing scenario for more than a decade now, she has an in-depth understanding of the subject.
According to Geeta, the Michael & Susan Dell Foundation is always looking for “white spaces” or areas with high impact potential where the market doesn’t appear to be addressing the needs of the people. In such areas, their experience in working closely with the grantees/investees, paired with their sectoral research and diagnostic studies, helps in identifying the roots of a problem – and the likely disruptions that will catalyse a market-based model.
The foundation is inching close to the $100 million mark in impact investments and has impacted the lives of over 12 million families living in poverty in urban India.