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Welcoming Ajit Mahadevan as Acumen India Country Director

We are pleased to announce that Ajit Mahadevan will be joining Acumen as India Country Director. Ajit joins Acumen from Ernst & Young, where he has served as Advisory Partner & Leader (Life Sciences) for the past six years.  At EY, he was a strategic advisor to the leadership of some of the leading Indian and global life science and healthcare players with the focus being business transformation and growth.  Prior to his time at E&Y, Ajit was President of Piramal Healthcare, one of the leading pharmaceuticals companies in India, where he built the international business from inception in 2002 to $300M by the end of 2008. Ajit held multiple leadership roles across strategy, M&A and business leadership. During his tenure at Accenture’s Strategic Services practice in UK and India, he led the development of one of the firm’s largest and most successful internal projects – the Offshore Development Centre in 2001, which has now grown to about 100,000 people across multiple cities in India. Ajit has worked in an advisory capacity to Acumen in the past, most recently participating in Regional Fellows selection panels in Mumbai.

Ajit holds an undergraduate degree in Computer Sciences from PSG College of Technology, India and a Masters of Business Administration from Carnegie Mellon University (Tepper School of Business).

Along with his experience, Ajit brings tremendous passion to continuing to build Acumen India. We are thrilled to welcome him to the Acumen team!

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ANNOUNCING A NEW INVESTMENT, FIRST ACCESS

Acumen announces its new investment in First Access, a data analytics company improving access to formal financial services for low-income East African communities. In East Africa, only 22 percent of the population has access to formal financial services with the region’s poor having even less at 10 percent. First Access presents an opportunity to increase the ability of these low-income communities to save, manage risk responsibility, invest in such critical services as education, and ultimately rise out of poverty. [Read More]

ANNOUNCING THE 2015 PAKISTAN FELLOWS

Acumen is proud to announce the selection of our third cohort of Pakistan Fellows. After a competitive application process, we’ve chosen a diverse group of 20 leaders working in provinces across the country. This year’s Fellows are fighting poverty and changing lives across Pakistan through unique initiatives that range from advocating for vulnerable prisoners’ rights, to creating solutions to address low-quality education, to developing branchless banking channels for low-income customers, and more. Read more about each Fellow and their inspiring work below. [Read More]

Lean Data Goes Deeper

One of the most interesting questions we’re grappling with right now on the Impact team at Acumen is how to develop a more robust, rigorous, and transparent form of quantifying the social value our companies create. While I don’t believe we will ever fully understand all the social value created – and while there will always be room for debate and interpretation – I do think today we have the tools to get a lot closer to customers and hear how they value products. [Read More]

ANNOUNCING THE 2015 INDIA FELLOWS

Acumen is proud to announce the selection of our second cohort of India Fellows. After a competitive application process, we’ve chosen a diverse group of 20 leaders working in 13 states. This year’s Fellows are fighting poverty and changing lives across India through unique initiatives that range from providing affordable menstrual hygiene products to marginalized women, to making quality education available to children in conflict zones, to designing innovative sanitation solutions for the urban poor, and more. Read more about each Fellow and their inspiring work below. [Read More]

ACUMEN NAMED ONE OF WORLD’S TOP 10 MOST INNOVATIVE COMPANIES IN NOT-FOR-PROFIT BY FAST COMPANY

Fast Company today announced its 2015 ranking of the World’s Most Innovative Companies in Not-For-Profit, honoring leading organizations and rising newcomers that exemplify the best in social and philanthropic innovation. Acumen earned the No. 7 spot on the annual list in recognition for its Lean Data Initiative—a project launched in 2014 to find more efficient, cost-effective ways to measure and evaluate social impact. [Read More]

ANNOUNCING THE 2015 EAST AFRICA FELLOWS

Acumen is proud to announce the selection of our fourth cohort of East Africa Fellows. After a competitive application process, we’ve chosen a diverse group of 21 leaders from five different countries in the region: Kenya, Uganda, Tanzania, Rwanda and, for the first time, Ethiopia. This year’s Fellows are fighting poverty and changing lives across East Africa through unique initiatives that range from providing much-needed ambulance services to helping make hygienic sanitation more accessible and affordable to empowering young women to start viable agro-enterprises and more. Read more about each Fellow and their inspiring work below. [Read More]

We Are Each Other’s Destiny

To reflect on the life of Dr. Martin Luther King, Jr. is to consider deeply our human interconnectedness and the world we want to build. Each year on this day, I re-read his extraordinary, elegiac “Letter from Birmingham Jail” to remember his commitment to human equality and the price he paid. I read it to remind myself of the power of idealism grounded in pragmatism. I read it to renew my belief in our individual and collective abilities to help bend the moral arc ever more toward justice. [Read More]

Let’s Work Together

Acumen has offices in New York, Mumbai, Karachi, Bogota, Nairobi and Accra. Last August, Avinash Mishra, a Senior Portfolio Associate in the India office, and Keya Madhvani, the Internal Communications Associate in the New York office, were nominated to attend the One Young World Summit in Dublin. Below, they share lessons learned at the summit.  [Read More]