Pipeline ID: INDIGO-PL-0117
"The project will incentivise Small and Growing Businesses (SGBs) in India for creating dignified jobs for the poor and underserved. We will design a standardized incentive model, leveraging data from our ongoing benchmarking study with 60 Decibels on quality of jobs. We will build on learnings from Upayaâs 35+ investments in SGBs in India in the past 12 years. This incentivized model will be implemented and scaled through Upaya's initiative, Dignified Jobs Collaborative, which currently has 7 investor partners, namely- Acumen, Ankur Capital, Beyond Capital Fund, Elea Foundation, Yunus Social Business, S3IDF and Upaya Social Ventures.
SGBs create 60% of new jobs in emerging markets, largely informal, profoundly impacting livelihoods and economies. In 2021, SGBs in India mobilized $6.8 Bn in investments. India's impact investing industry is recording a year on year growth of approximately 21% and is expected to grow exponentially by 2030. Impact investors must commit to creating high quality, not just high quantity, jobs for the poor. Investors must also mitigate any negative impacts in jobs being created including checking on exploitative employment practices. This can only be achieved through a commonly accepted metric of job quality contextualized in emerging markets to allow for outcomes verification."
Data for this pipeline project was last updated in March 2024
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