India’s payment solutions platform for NGOs DanaMojo has secured Rs 3.05 crores from Rohini Nilekani. The latest funding round also saw participation from Social Alpha, Pravin Gandhi, Seedfund Venture Fund’s General Partner and Vasanthi Anand.
“This investment is extremely encouraging for social entrepreneurs in India. With my experience in the NGO space, I understand the need for specialised services for non-profit organisations, and we hope to strengthen our offering to assist them in the best way possible,” said Founder and CEO of DanaMojo, Dhaval Udani.
Rohini Nilekani added, “India needs many intermediary organisations, in both the nonprofit and for profit spaces, beyond donors and their receiving partners, to truly influence aggregated impact at scale. There are many capacities that fall between the capabilities of donor and partner organisations that more specialised entities can build. We believe DanaMojo is one such entity – a platform for simplified individual giving – that fills the need of the hour, and we are proud to support it. We hope the patient capital invested will enable several organisations to build their communities of support, networks, impact, and organisational capacities, enabled by DanaMojo.”
