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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

Topics
entrepreneurs startup | technology industry | philanthropy

Surajeet Das Gupta  |  New Delhi 



money, cash, investment, stocks, tax, funds, investors, investment, shares, lenders, lending, loans, funding
The total share in private funding has gone up from 26 per cent in FY15 to 23 per cent in FY21 and expected to hit 32 per cent in FY26.

Move over the traditional sector’s ultra-rich and famous who have long played an important part in the private funding of 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 in this category, reveals the latest India Report 2022 conducted by Bain & Company and Dasra, a non-profit organisation supporting the philanthropic sector. Last year, they had contributed 25 per cent of the total .

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First Published: Tue, March 22 2022. 06:10 IST

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