Link: Investing in the "Missing Middle" → blog.google.org
“The investment company is designed to help address this "missing middle.” Most existing SME funds make investments in the $3-$5 million range in India, which leaves out a significant portion of the market. This new company, in contrast, will target equity opportunities between $500,000 and $3.5 million. The company is also expected to work closely with the Base of the Pyramid Lab at the Indian School of Business in Hyderabad in order to leverage the school’s SME experience.“