SONG Investment Company Announces New Advisor for India

SONG Investment Company Announces New Advisor for India

February 2, 2012, HYDERABAD, INDIA—SONG Investment Company (SONG), a fund that seeks to promote economic opportunity and sustainable social impact in India, today announced that Aspada Capital Advisors LLP, led by Kartik Srivatsa, will manage and seek opportunities for SONG’s existing portfolio of investments.

SONG is a $17 million Mauritius-based equity fund, created by the Soros Economic Development Fund, Omidyar Network, and Google in partnership with the Indian School of Business. SONG provides early and growth stage capital to small and medium enterprises in sectors such as agriculture, health care, education, business services, and basic utilities. SONG is invested in EyeQ, an eye care franchise, and recently announced new investments in SV Agro Processing, a leader in agriculture supply chain management, and Be Well Hospitals, a company building high quality affordable hospitals in India.

“With recent investments in SV Agro and Be Well Hospitals, SONG has continued to build a strong portfolio of businesses that can create sustainable social impact,” said Jasjit Mangat, Director of Investments, Omidyar Network. “The SONG portfolio includes entrepreneurs who have developed innovative and scalable solutions to India’s most pressing challenges.”

Srivatsa, who joined SONG in 2009 and is an experienced investment professional across a range of sectors in India, will assume the management of SONG’s current portfolio. Srivatsa succeeds Vishal Vasishth, managing director of SONG Advisors, who has led the investment process since SONG’s creation in 2008.  Vasishth spearheaded investments in four portfolio companies as well as championed SONG’s exit from K12 Techno Services, an end-to-end school management company.

“The SONG shareholders thank Vishal for his contributions and look forward to continuing on a path to achieving both our social impact and financial objectives,” said Fawzia Naqvi, Vice President of the Soros Economic Development Fund. “We are delighted to build on this foundation of solid investments with Kartik Srivatsa, who will lead the management of the portfolio and provide continuity to the portfolio companies with whom he has worked closely.“

 

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Media Contacts

Kelly Mason
Omidyar Network
kelly@omidyar.com
+1-650-482-2566

Amy Weil
Soros Economic Development Fund
aweil@sorosny.org

+1-212-548-0381

February 2, 2012, HYDERABAD, INDIA—SONG Investment Company (SONG), a fund that seeks to promote economic opportunity and sustainable social impact in India, today announced that Aspada Capital Advisors LLP, led by Kartik Srivatsa, will manage and seek opportunities for SONG’s existing portfolio of investments.

 

SONG is a $17 million Mauritius-based equity fund, created by the Soros Economic Development Fund, Omidyar Network, and Google in partnership with the Indian School of Business. SONG provides early and growth stage capital to small and medium enterprises in sectors such as agriculture, health care, education, business services, and basic utilities. SONG is invested in EyeQ, an eye care franchise, and recently announced new investments in SV Agro Processing, a leader in agriculture supply chain management, and Be Well Hospitals, a company building high quality affordable hospitals in India.

 

“With recent investments in SV Agro and Be Well Hospitals, SONG has continued to build a strong portfolio of businesses that can create sustainable social impact,” said Jasjit Mangat, Director of Investments, Omidyar Network. “The SONG portfolio includes entrepreneurs who have developed innovative and scalable solutions to India’s most pressing challenges.”

 

Srivatsa, who joined SONG in 2009 and is an experienced investment professional across a range of sectors in India, will assume the management of SONG’s current portfolio. Srivatsa succeeds Vishal Vasishth, managing director of SONG Advisors, who has led the investment process since SONG’s creation in 2008.  Vasishth spearheaded investments in four portfolio companies as well as championed SONG

February 2, 2012, HYDERABAD, INDIA—SONG Investment Company (SONG), a fund that seeks to promote economic opportunity and sustainable social impact in India, today announced that Aspada Capital Advisors LLP, led by Kartik Srivatsa, will manage and seek opportunities for SONG’s existing portfolio of investments.

 

SONG is a $17 million Mauritius-based equity fund, created by the Soros Economic Development Fund, Omidyar Network, and Google in partnership with the Indian School of Business. SONG provides early and growth stage capital to small and medium enterprises in sectors such as agriculture, health care, education, business services, and basic utilities. SONG is invested in EyeQ, an eye care franchise, and recently announced new investments in SV Agro Processing, a leader in agriculture supply chain management, and Be Well Hospitals, a company building high quality affordable hospitals in India.

 

“With recent investments in SV Agro and Be Well Hospitals, SONG has continued to build a strong portfolio of businesses that can create sustainable social impact,” said Jasjit Mangat, Director of Investments, Omidyar Network. “The SONG portfolio includes entrepreneurs who have developed innovative and scalable solutions to India’s most pressing challenges.”

 

Srivatsa, who joined SONG in 2009 and is an experienced investment professional across a range of sectors in India, will assume the management of SONG’s current portfolio. Srivatsa succeeds Vishal Vasishth, managing director of SONG Advisors, who has led the investment process since SONG’s creation in 2008.  Vasishth spearheaded investments in four portfolio companies as well as championed SONG’s exit from K12 Techno Services, an end-to-end school management company.

 

“The SONG shareholders thank Vishal for his contributions and look forward to continuing on a path to achieving both our social impact and financial objectives,” said Fawzia Naqvi, Vice President of the Soros Economic Development Fund. “We are delighted to build on this foundation of solid investments with Kartik Srivatsa, who will lead the management of the portfolio and provide continuity to the portfolio companies with whom he has worked closely.“

 

###

 

Media Contacts

 

Kelly Mason

Omidyar Network

kelly@omidyar.com

+1-650-482-2566

 

Amy Weil

Soros Economic Development Fund

aweil@sorosny.org

+1-212-548-0381

’s exit from K12 Techno Services, an end-to-end school management company.

 

“The SONG shareholders thank Vishal for his contributions and look forward to continuing on a path to achieving both our social impact and financial objectives,” said Fawzia Naqvi, Vice President of the Soros Economic Development Fund. “We are delighted to build on this foundation of solid investments with Kartik Srivatsa, who will lead the management of the portfolio and provide continuity to the portfolio companies with whom he has worked closely.“

 

###

 

Media Contacts

 

Kelly Mason

Omidyar Network

kelly@omidyar.com

+1-650-482-2566

 

Amy Weil

Soros Economic Development Fund

aweil@sorosny.org

+1-212-548-0381