Synonymous with ethnic wear in the country, Fabindia has found the formula that balances social impact with scale
Social enterprises: The journey from 2005
Social businesses require risk capital. This can come from philanthropy, state support and, with some legal reforms, CSR
According to the Impact Investors Council, the biggest gap in impact investing in India is the lack of funding from domestic investors. The Council estimates that 80-85 percent of impact investments come from overseas. While a majority of Indian HNIs aren't aware that social enterprises can deliver a triple bottomline—enjoy financial returns and create social impact—a handful of them are making a difference