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Vista Equity, its Partners to Donate $1 mn to Akshaya Patra
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Vista Equity, its Partners to Donate $1 mn to Akshaya Patra
Mangaluru: Vista Equity Partners, the world’s leading private equity firm, and its partner companies in India on Tuesday pledged USD 1 million to Akshaya Patra Foundation to support its mid-day meal project.
Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners, announced the collaboration alongside Hardeep Gulati, CEO of Power School, and Shridhar Venkat, CEO of The Akshaya Patra Foundation. The pledge was announced during the opening of the new offices of the education-technology firm, Power School and will be delivered over a period of five years.
The initial investment will be used to purchase trucks to transport meals to schools in various areas of the country. With $200,000 USD granted each year, contributions will aid the delivery of meals to 80,000 students per day, and over 18 million meals per year," said Vista in a release.
"Our culture at Vista emphasizes the importance of positively impacting and engaging with the communities in which we live and work,” said Robert F. Smith. "At Vista, we invest in the future. And Akshaya Patra’s work does that. By ensuring that students across India have the nourishment they need to be able to learn, the foundation plays an integral role in the education of Indian youth, and we are honored to help them execute on their mission."
"We are honored to partner with Vista Equity Partners and companies to continue to ensure that our children are well-nourished, and able to learn," said Shridhar Venkat, CEO of the Akshaya Patra Foundation in India. “This commitment will immensely expand our ability to deliver meals to schools and students across India, and will help us in furthering the mission of serving 5 million children by 2020”
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