Routes 2 Roots Makes History: First Art & Culture NGO Listed on India's Social Stock Exchange
Gracia Marcom | Purpose Driven Agency
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A New Chapter for Social Impact Investing
Exciting news for the social impact sector! Routes 2 Roots (R2R), a Delhi-based non-profit dedicated to promoting art, culture, and heritage, has become the first such organization in India to be listed on the Social Stock Exchange (SSE).
This landmark achievement marks a significant step forward for both R2R and social impact investing in the country.
Amplifying Impact and Fostering Transparency
Rakesh Gupta, Founder of R2R, highlights the significance of the listing: "Having been listed on the Social Stock Exchange signifies a new chapter in our journey towards fostering positive societal change through art and culture." This transparent platform allows R2R to raise funds efficiently while maximizing their impact on society.
SSE: A Catalyst for Social Change
The SSE initiative, introduced by SEBI in 2023, aims to revolutionize social impact investing in India. It provides a platform for NGOs to secure funding transparently and fosters responsible investing practices, ultimately leading to positive societal change. With over 3.4 million NGOs in India, the SSE has the potential to bridge the funding gap for these organizations and empower them to amplify their social impact.
NSE MD & CEO Applauds the Initiative
Ashish Kumar Chauhan, MD & CEO of NSE, congratulated the Routes 2 Roots team and emphasized the role of the SSE in furthering social impact: "With the listing on SSE, the impact is going to increase manifold. This framework offers several advantages such as Transparency, Trust, Efficiency, Cost Saving, Discoverability, Impact Measurement and Outcome Based Philanthropy."
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A Celebration of Social Impact and Financial Education
The listing ceremony, held at NSE's headquarters in Mumbai, was a celebration of social impact and financial education. The event included 25 school and college students, fostering a culture of responsible investing from a young age. The ceremony was also telecasted online, ensuring wide accessibility and participation from stakeholders across the nation.
Supporting Educational Initiatives in Devastated Regions
Funds raised through the listing will be directed towards critical educational infrastructure projects in Himachal Pradesh and Uttarakhand, states recently impacted by floods and landslides. These interventions aim to provide high-quality educational resources to students across 100 schools in these regions.
A Star-Studded Event for a Cause
The event also saw the presence of esteemed guests from various fields, including Bollywood celebrities and music industry stalwarts who lent their support to the cause.
Routes 2 Roots' listing on the SSE is a landmark achievement, paving the way for a more robust and transparent social impact ecosystem in India. Here's to their continued success in promoting art, culture, and education for a better tomorrow!
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