The Securities Exchange Board of India (SEBI) has approved the start of investment activities for Unitus Seed Fund India (USFI), registered as a Category-I, Venture Capital Fund under SEBI Regulations (Alternative Investment Funds) 2012. While impact investing has been established in India for over a decade, attracting more than INR 4000 crore (US$800 million) of predominantly-overseas risk capital, Unitus Seed Fund India’s approval by SEBI marks the first time that Indian national investors have access to a seed-stage impact fund. USFI already has INR 20 crore (US$3.3 million) of committed capital and plans to raise up to a total of INR 50-75 crore (US$ 9-12 million) from local investors to take minority positions in “BoP Startups” – companies building scalable businesses delivering improved livelihoods and innovative affordable products & services to 100 crore (1 billion) low-income people in India.