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Forus Health Raises $5 Million From Accel Partners & IDG Ventures India
Bangalore-based affordable medical technology and solutions company Forus Health Pvt. Ltd. (Forus) has successfully raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India.Forus's mission is to address the healthcare delivery issues in the developing world through innovative, inclusive product design and service deployment. Its flagship product 3nethra, a portable, low cost, non-mydriatic, non-invasive pre-screening ophthalmology solution, can detect Cataract, Glaucoma, Diabetic Retina, Refraction and Cornea problems. 3nethra can be operated by a minimally trained technician, and can be deployed in remote areas.
- Categories
- Health Care
- Region
- South Asia
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The Cookstove Conundrum
Cooking the family meal can be a dangerous business for poor people in developing countries. According to a study by the World Health Organization, indoor air pollution from “primitive household cooking fires” is the leading environmental cause of death in the world. In most rural homes, which lack electricity, a stove can be an open fire and the fuel as basic as wood, dried animal dung or agricultural residue, together known as “biomass” fuels. The result is nearly 2 million deaths a year, worldwide, almost as many as are caused by malaria and tuberculosis combined. What’s worse, cooking with biomass releases carbon dioxide and “black carbon” into the atmosphere and consequently is a significant contributor to climate change.
- Region
- South Asia
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In Rural India, Manufacturing Is Booming
When you think rural India, think factories and cell phones, rather than fields and bullock carts.Rural India, says a Credit Suisse report, is no longer an agrarian economy whose fortunes are dependent upon an erratic monsoon. Rather, they are now increasingly tied to the national economic cycle, something they had been largely immune from so far, as it gradually shifts away from agriculture.
- Region
- South Asia
- Tags
- manufacturing
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India’s Aadhaar ID Project Turns Nation’s Poor into Economic Players
Power Shift India: Nation turns to technology to extend a guaranteed identity to its poor
- Categories
- Impact Assessment
- Region
- South Asia
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Govt to Probe Sister Concerns of Grameen Bank
The government will form a commission to look into the activities of 54 organisations associated with Grameen Bank, the finance minister has said.
- Categories
- Uncategorized
- Region
- South Asia
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‘Citi and SEDC Working for Capacity Building’
Citi Pakistan and the Social Enterprise Development Centre (SEDC) at LUMS are collaborating on a capacity building project, supported by $50,000 grant from Citi Foundation.
- Categories
- Education
- Region
- South Asia
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Can SKS Change Its Spots?
After being the bad boy of microfinance, SKS is now trying to pick itself up and transform into a more cost-effective, diversified organization.
- Categories
- Uncategorized
- Region
- South Asia
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Perspective: Poverty, Health And Forced Eviction In The Slums Of Bangladesh
On April 4, one of the largest forceful slum evictions in Bangladesh’s history took place in Dhaka’s Korail bustee. Households, schools and shops within twenty meters of the road were bulldozed, with approximately 3,500 individuals affected.
- Categories
- Health Care, Impact Assessment
- Region
- South Asia
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