DBS Foundation grants SGD 3.7 million to 24 Impactful Businesses, 5 from India
DBS Foundation has unveiled the 24 Businesses for Impact (BFIs) that have received the DBS Foundation Grant Award in the latest instalment of this flagship initiative. Five awardees are from India and will receive funding and access to a suite of opportunities, including networking and patient capital, to scale up operations, while collectively uplifting lives and livelihoods.
These purpose-driven BFIs are working at the nexus of economic, environmental and social impact and their innovative solutions are a pathway to a more inclusive, low-carbon future.
Project Baala, with its focus on sustainable menstrual solutions and literacy, aims to improve the health of women and girls in rural areas. Green Worms is an emerging circular economy enterprise generating employment for women, while Zerund Manufacturing is reshaping the building materials industry with eco-friendly solutions. Karo Sambhav is enabling a more circular economy by implementing collection and recycling solutions for electronic and other types of waste, while Swachh Sustainable Solutions (ReCircle) is championing a traceable supply chain for waste pickers.
The five Indian BFIs were among the 24 finalists for the DBS Foundation grant from across Asia. From a record ~2000 grant applications received across DBS markets, the final grantees were evaluated based on stringent criteria, including their ability to create social and environmental impact, to innovate and on the overall sustainability and scalability of their organisations. The winning BFIs will
