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In conversation with CNBC TV18: Exits, Budget and more

12th February 2020
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Speaking about Budget 2020, Omidyar Network India proposed easy credit availability for micro, small and medium enterprises (MSMEs) in the country.In an interview to CNBC-TV18, Roopa Kudva, managing director, said, “A big issue with MSMEs is really the availability of credit. We recently supported a research study which showed that nearly half of the MSME sectors credit needs are being met through informal sources that are at the minimum 1.5-2 times as expensive as formal sources of credit.”

Kudva said, “Exits provide important proof points for the impact investing industry and it’s possible for tech-led impact investing models to achieve not only a direct impact on customers at scale but also larger sector-level impact and at the same time provide attractive financial returns. With that background, we did exits in four companies in 2019 and all of them were from different sectors.”Further, she said, “Omidyar do see possibilities for exits in a few more organisations where work is underway. It is a journey starting with getting all the stakeholders aligned, doing exits in a manner that creates a win-win situation for everybody, so obviously we as early-stage investors would like to see liquidity. However, the company is very particular that it should be done in a manner that is supportive to the company and enables the company really to graduate to the next level, whether it be acquisition by a larger organisation which enables it to scale up its business or whether it be by the exit to the next stage investor who can write larger cheques.”

Watch the full interview here.