Traditional philanthropy being replaced by market-based solutions in India: Roopa Kudva, Omidyar

Philanthropy in India is gradually changing as impact investing and strategic philanthropy are becoming important factors to consider for philanthropists, said Roopa Kudva, partner and managing director of Omidyar Network India Advisors. On the sidelines of the Asian Venture Philanthropy Network’s 5th annual conference in Bangkok, Thailand, Kudva spoke about why India is a favoured destination for impact investing, how social entrepreneurship needs to be defined better and the way to deal with talent crunch in the development sector. Omidyar has worked with over 70 organizations in India in the last five years and invested about $200 million.