Green VC

News & resources for social entrepreneurs

Category: India

September 15 is Application Deadline for Piramal Fellowship for Sustainable Business

The Piramal Fellowship for Sustainable Business is a new initiative of the Ajay G. Piramal Foundation.  This two-year program will provide Fellows with training and experience with for-profit businesses in India that are working to make a positive social or environmental impact. 

Eligibility requiremens for the fellowship program include a university degree, two years of work experience, and eligibility to work in India (foreign applicants should review the work visa requirements listed by the Indian Government).  The application deadline for the Piramal Fellowship for Sustainable Business is September 15.  Complete details on this program, and the online application, are available here.

“Cleantech Focus Boston: Navigating Cleantech Growth in China and India” is June 10th (Discount Available)

Cleantech GroupOn June 10th, the Cleantech Group LLC will present Cleantech Focus Boston: Navigating Cleantech Growth in China and India. Highlights of this program include:

  • A full day agenda, covering strategies from experienced executives who have done business in China and India
  • Insights from expert speakers on the Indian and Chinese markets
  • Keynote address from Suresh Kumar, Assistant Secretary of Commerce and Director General of the U.S. and Foreign Commercial Service
  • Opportunities to network with investors, business leaders, entrepreneurs, and policymakers

In addition, all attendees will receive a complimentary copy of the Cleantech Group's Insight Report "Managing Cleantech IP in China."

Speakers at this program will include:

  • Suresh Kumar, Assistant Secretary of Commerce and Director General of the U.S. and Foreign Commercial Service (Keynote)
  • Kim Pargoff, Vice President, Cleantech Group
  • Dr. Stefan Heck, McKinsey & Company
  • David Mohler, Senior VP and CTO, Duke Energy Corp
  • Dave Vieau, CEO, A123

Thanks to our friends at the Cleantech Group, readers of Green VC can receive a $200 discount on the registration price for this event.  To receive the discount, please use code "BFGREENVC" when registering online. Further program information and registration can be found at:

D.light Design Receives $6 Million in Series A Funding

D.light Design

D.light Design, a New Delhi, India-based social enterprise that is developing lighting solutions to replace the use of kerosene lanterns by families who don't have adequate electricity, announced earlier this month that it secured $6 million in Series A financing.  This financing was led by Nexus India Capital and included participation from Draper Fisher Jurvetson, Garage Technology Ventures, the Mahindra Group, and social funds Acumen Fund and Gray Matters Capital.

D.light Design's mission is to replace every kerosene lantern in the world to provide everyone access to a basic human need: safe and bright light. By 2017, the company is aiming to have improved the lives of 150 million individuals.  The following interview of D.light Design CEO Sam Goldman provides some additional background on the company:

D.light introduced its first lighting products earlier this year.  The company's products are being sold in India and Africa, with market tests ongoing throughout the world.  One of these products – the Nova – is shown below.  It can be charged via AC or solar power (click the image for additional product information).

D.light Design: Nova

"D.light has a mission to eliminate kerosene lamps in our villages by providing high quality solar-based solutions at price points significantly below comparable products," said Sandeep Singhal, Partner at Nexus India Capital. "The productivity improvement from their solution is huge and we are very excited to be backing a team that has the commitment and leadership to fulfill this mission."

"We are delighted to receive the financial support of such a renowned team of investors. This is a high vote of confidence in our products and our business model," said D.light Design CEO Sam Goldman. "We look forward to better serving the millions of households who deserve and aspire for an increasingly higher quality of life – with greater economic and educational opportunities – that modern lighting provides."

For more information:

Kleiner Perkins Caufield & Byers Makes First Cleantech Investment in India

Venture capital firm Kleiner Perkins Caufield & Byers (KPCB) recently made its first clean technology investment in India, according to a October 9th article by Reuters.  The article states that:

Speaking at the Reuters Global Environment Summit in San Francisco, Kleiner partner Ajit Nazre said the firm has invested in an energy company there, but did not disclose further details.

"It’s in the business of producing electricity from cleaner sources," Nazre said. The company is working on projects that could produce up to 5 megawatts of power, he added.

The Reuters article also states that Nazre, who leads KPCB’s India investment initiative, is bullish on making clean energy investments in India and that the firm is also looking at investing in technologies that improve clean water resources and generate electricity from biomass and water in India. As previously reported by Green VC, KCPB is active in green technology investing, including the May 2008 launch of its $500 million Green Growth Fund and the November 2007 addition of Al Gore as Partner.

For more information:

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