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UN Women Launches New Programme to Foster Economic Participation in Care Industry

Credit: UN Women/Olivia Owen BANGKOK, Thailand, May 3 2021 (IPS) - The lockdowns and illnesses brought on by the COVID-19 pandemic have dramatically increased the need to care for children, the elderly and the sick. And in societies where gender inequality and biased norms persist, most of this burden has fallen on women, many of whom have had to leave their regular jobs with no idea of when they can return. Actually, the pandemic has merely exacerbated the existing stereotypes about the role of women, who are reflexively expected to take care of their family members, house chores, and myriad other daily domestic tasks that are unpaid but vital to households, communities and economies.

Small town investors make a killing on fintech startup BharatPe

Anurag Maloo, a businessman from a small town called Seoni, near Nagpur, is beaming with excitement. The 44-year-old hotelier had invested in fintech startup BharatPe that has given 80 times return on investment, exists to over two dozen angel investors in less than three years. Maloo, a member of India’s leading incubator Venture Catalysts (VCats), had also invested in startups such as Beardo, Coutloot and Fynd. He is among the several businessmen from India’s small towns, who have made a killing with BharatPe’s recently concluded funding round, which fetched the company a valuation of over $900 million. VCats, an early-stage investor, has been instrumental in roping in HNIs from smaller Indian towns to invest in idea-stage companies.

Big bonanza: How BharatPe gave 80x returns to small-town investors of Venture Catalysts group

Big bonanza: How BharatPe gave 80x returns to small-town investors of Venture Catalysts group
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