Funding? SEs in India look overseas


Workers from ScrapApp sort through garbage in a shopping mall in Noida, India. — REUTERS

Social enterprises — businesses aiming to tackle social problems — say it’s difficult to raise funds locally in India because people either donate to charity or they expect a quick return from their investment.

AS A new business in India offering environment-friendly rubbish disposal, ScrapApp has boomed in the past year while helping address one of the nation’s major problems — garbage.

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