Gray Ghost Ventures

Invests in sustainable businesses in the technology sector that promise a high positive social impact and long-term financial return

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Cause Area

Geographies Served

Programs

  • BeamMoney

    States

    Tamil Nadu

    Launched in 2009, Beam Money was introduced as a secure mobile payment and transfer service with the primary objective of enhancing financial inclusion and simplifying financial transactions. The company has established a network of agents, affectionately known as "Sahayaks" or Helpers, spread across India. These Sahayaks assist unbanked customers in storing cash for payments, managing electronic utility bill payments, remitting funds to their families, topping up pay-as-you-go mobile phones, and purchasing travel tickets – all without the need to navigate the complexities of opening a bank account.
    GGDOEN was the initial investor in Beam, and the partnership has been marked by a close collaboration with the management team, resulting in the establishment of a substantial and devoted customer base of unbanked individuals throughout India.

  • PharmaSecure

    States

    Tamil Nadu

    PharmaSecure empowers patients and consumers to verify the authenticity of their pharmaceuticals through the use of mobile technology. The process is simple: customers acquire a verifiable drug and transmit its unique code via cell phone to a dedicated verification telephone number, akin to the method employed for pre-paid phone cards. The cellular network receives this code and cross-references it with the PharmaSecure database to ascertain the authenticity of the drug in question. In cases where PharmaSecure does not find the code in its database or if the code has been authenticated repeatedly, a cautionary message is relayed to the customer, indicating potential counterfeiting or diversion.
    Gray Ghost DOEN joined forces with PharmaSecure in 2009, catalyzing the company's transformation from a pre-revenue entity to a prominent market leader. Today, PharmaSecure safeguards more than 1.8 billion products across over 40 countries.

Leadership Team

  • Brian Cayce

    Vice President, Investments

  • Arun Gore

    President and CEO

  • Bahniman Hazarika

    Director, Investments

  • P (Raja) Rajasekharan

    Advisor

Demographics & Structure

  • Organisation Strength

    None

Registration Details

  • CSR Form 1

    Not Available

  • FCRA

    Not Available

About

  • Headquarters

    Chennai, Tamil Nadu

  • Since

    2003

Impact

GGV has improved the quality of life for millions in low-income communities in developing countries by investing in businesses that seek to alleviate poverty, provide affordable education, promote human rights and improve the environment.

Vision and Mission

To invest collaboratively in innovative, early-stage enterprises that contribute to the well-being of low-income communities in emerging markets and provide an attractive financial return.

Political & Religious Declarations

  • Political Affiliation

  • Religious Affiliation

Location

  • Headquarters

    Surya, 8/16, Seethammal Extension, 2nd Cross Street, Alwarpet, Chennai, Tamil Nadu

    Directions
  • Offices in Cities

    Chennai

Other Details

  • Type

    For-profit

  • Sub Type

    Private Limited Company

Technology Adoption

  • SOC 2 Compliant

    No

  • Financial Management

  • Beneficiary Management