Haqdarshak Bags Funding To Fix Access Gap Between Citizens & Social Protection Services

Microsoft-Backed Builder.ai Raises $250 Mn In Series D Funding Round Led BY QIA

SUMMARY

Founded in 2015 by Aniket Doegar, Asha Krishnan, and PR Ganapathy, the Bengaluru-based startup offers information and access to both government and private social protection schemes through technology

The startup's social security card would enable users to access government schemes, social security, financial services and other welfare services for their family and business

Currently, the startup is present across 24 states and claims to have served more than 27 lakh families with INR4,200 Cr worth of services

Social empowerment startup Haqdarshak has closed its Pre-Series A1 funding round from Innovating Justice Fund and Village Capital-managed Financial Health Innovation Fund.

The funding round also saw participation from Namita Thapar, Peyush Bansal, and Aman Gupta. Abhishek Rungta, Deep Bajaj, Bhavin Pandya, M/S Morpheus Ananta, Bindu Subramaniam, Girish Kulkarni, and Mohit Bajaj, also participated in the round.

Founded in 2015 by Aniket Doegar, Asha Krishnan, and PR Ganapathy, the startup earlier raised about $1.1 Mn in funding in three rounds, the latest one having been conducted in 2021.

The Bengaluru-based startup offers information and access to government and private social protection schemes through technology and a last-mile field agent network of ‘Haqdarshaks’.

The funds will be used for tech innovation and hiring talent, with a special focus on developing the startup’s latest product, Yojana Card, a digitally-enabled social security card. It would enable users to access government schemes, social security, financial services and other welfare services for their family and business — via a single channel enabled by last-mile support.

Present across 24 states, the startup has trained over 30,000 agents so far and provided benefits worth over INR 4,200 Cr to over 2.7 Mn families.

The number of social entrepreneurs in India is on the rise and are leaving impact with the services and products.

In the social startup segment, Sandeep Chopra and Aditya Shah founded Metafin, which offers affordable solar power panels for individual buyers, SMEs, schools and sports academies, housing societies, hotels, hospitals and other utilities from Tier-II and III cities and rural India. Based out of Mumbai, the startup enables collateral-free financing for 1-150 KW rooftop solar projects.

Another social startup is Karkinos Healthcare operates in the healthtech sector to help users fight against cancer in every way. From finding the right oncologist to diagnosis and treatment, the startup offers a platform for all these activities.

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