New Delhi, Feb. 26 -- India will need to unlock nearly USD 750 million in flexible funding over the next five years to build 100 "non-profit unicorns" capable of reaching at least one million people each, according to a new report by Change Engine here on Thursday.
The report, The Flexible Funding Gap for Non-Profit Unicorns, is part of the "Ease of Doing Good" series and is based on one of the largest surveys of Indian non-profits focused on flexible capital.
It estimates that India would need approximately USD 150 million annually - just about 1pc of the country's total philanthropic giving - to enable the rise of 100 high-impact non-profits operating at a population scale.
The study defines "non-profit unicorns" as organisations capab...