Giving back: Techpreneurs reshape philanthropy, one donation at a time

UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore

Move over the traditional sector’s ultra-rich and famous who have long played an important part in the private funding of philanthropy for years. A new breed of young technology entrepreneurs or techpreneurs who have joined the ultra-high networth individual (UHNI) category and whose numbers are on the rise might still only account for 8 per cent of the total UHNI wealth in 2020-21 (FY21), but they contributed to 35 per cent of the total donations in this category, reveals the latest India Philanthropy Report 2022 conducted by Bain & Company and Dasra, a non-profit organisation supporting the philanthropic sector. Last