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Acumen Fund Announces Sachindra Rudra as New Director of Acumen Fund India

Seasoned Investment Professional Joins Acumen to Lead Further Growth and Investment in Enterprises Serving Low Income Customers

Mumbai, India, September 5, 2012 – Acumen Fund, a pioneering nonprofit global venture firm addressing poverty across Africa and in South Asia, today announced Sachindra Rudra as the new Director of Acumen Fund India.  Mr. Rudra joins from private equity firm Navis Capital, where he served as a Director in the India operations. He replaces interim country director Ankur Shah who will maintain his existing role as head of the Education Portfolio.

“We are thrilled to have someone with such depth of experience and understanding of the local investing landscape joining our team,” said Jacqueline Novogratz, CEO of Acumen Fund. “As Acumen India continues to grow, most recently with the launch of our education portfolio, we will draw heavily on Sachin’s extensive investment and operational expertise.”

Mr. Rudra brings over 15 years of investment experience, working in private equity, consulting and operations across various sectors including healthcare and consumer products. In his most recent role in the India operations of Navis, he oversaw midsize investments and local operations of the team. Prior to Navis, he spent a number of years at Piramal Healthcare, one of the leading pharmaceuticals companies in India, where he held various positions including President-Strategy and Business Development and Business Head-Orthopedics. Mr. Rudra also worked with McKinsey & Coin Delhi and began his career working as an Area Sales Manager for Hindustan Unilever Ltd. based in Calcutta where he had substantial exposure to rural and semi-urban markets and consumers. He holds a Bachelors degree in Economics from St Stephen’s College in Delhi, a Masters degree in Economics from Cambridge University and an MSc from the London School of Economics.  He has an MBA from the Indian Institute of Management, Ahmedabad.

Acumen Fund has been investing in India since 2001, opening a local office in 2006. To date, it has invested $25 million in sustainable, scalable organizations delivering affordable products and services to the poor. These investments reflect the country’s global significance as a laboratory of innovation, both for individual enterprises and the impact investing field.

“Acumen has an impressive track record of helping to develop and scale some of the most innovative and impactful businesses in India,” said Mr. Rudra about joining Acumen Fund. “The local work is supported by committed advisors and partners and I look forward to working with the global team to expand our current portfolio and community of partners.”

For additional information on Acumen’s work in India, please visit www.acumenfund.org or contact Keya Madhvani at kmadhvani@acumenfund.org or Elizabeth Patella at epatella@acumenfund.org.

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About Acumen Fund

Acumen Fund is working to create a world beyond poverty by investing in social enterprises, emerging leaders and breakthrough ideas. We invest patient capital in business models that deliver critical goods and services to the world’s poor, improving the lives of millions. Since 2001, Acumen Fund has globally invested more than $75 million in 69 companies. We are also working to build a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy. Please visit www.acumenfund.org for more information.

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