Donates $280K for the current year to support their Ashrams and advocacy efforts
Bengaluru, NFAPost: In solidarity to help eradicate the malice of child labour from India, leading investment firm WestBridge Capital has heeded the call from Nobel Peace Laureate Kailash Satyarthi to ensure every child is free to be a child by supporting the efforts of the Kailash Satyarthi Children’s Foundation (KSCF).
WestBridge Capital has committed $280,000 for the current year to help rehabilitate hundreds of rescued child labourers at Bal Ashram and Mukti Ashram, part of the Satyarthi Movement. The partnership also aims to provide resources for KSCF’s global efforts focused on transforming the political, economic and social conditions that make children the vulnerable targets for such practices.
Commenting on the development, WestBridge Capital Managing Director Sumir Chadha the company will invest in Indian and US-India companies to help support their growth and success.
“We are also deeply committed to helping the underprivileged in India. Our collaboration with KCSF will help disadvantaged children in India and the world lead a better life,” said WestBridge Capital Managing Director Sumir Chadha.
Expressing happiness over the development, Nobel Peace Laureate Kailash Satyarthi said human is witnessing today an imminent crisis for children due to Covid-19, and if it fails to act now there is a risk losing an entire generation to child labour, slavery and trafficking, lack of education, child marriage and loss of health.
“Businesses like WestBridge Capital are setting an example for the entire fraternity by committing to the freedom of all children,” said Nobel Peace Laureate Kailash Satyarthi.
WestBridge Capital is a highly experienced investment firm, managing over $3 billion of capital, which focuses on investments in India. WestBridge Capital leverages both its capital and experience to help companies succeed. The investment firm seeks to partner with some of India’s most promising mid-sized companies run by outstanding entrepreneurs and management teams for the long-term, whether they are public or private.
In the last fifteen years, the team has led investments in over 80 companies and oversaw a total investment of over $1.6 billion. The WestBridge team is one of the most recognised in the industry and has a combined 50+ years of experience in investing in Indian companies.
Armed with this wealth of experience, WestBridge the team is able to assist its portfolio companies – when required – in many areas including strategy, operations, management recruiting and fundraising. WestBridge Capital has offices in Bangalore, California and Mauritius.
The Kailash Satyarthi Children’s Foundation (KSCF) envisions a world where every child is free to be a child. Our mission is to end slavery and ultimately violence against children. To make this a reality, we are scaling 2014 Nobel Peace Laureate Kailash Satyarthi’s four decades of work at both the grassroots and global policy level.
His lessons learned guide the Foundation’s work to engage children and young people as part of the solution, build greater collaboration between governments, businesses and communities, ensure effective national and international laws, scale know-how, and replicate successful practices in creating partnerships with key stakeholders.
Alongside youth, Kailash Satyarthi launched the 100 Million Campaign in 2016 to support impassioned young activists to mobilise for the rights of the world’s most marginalized children.