Impact investing in India is a grey, grey area. Here’s why.

Photo credit: Trocaire.

Recently, Bangalore-based Dunzo, a daily task-management app, raised funds from Aspada, Blume Ventures, and other prominent angel investors like Google’s Rajan Anandan. While Aspada is an impact investor, Blume Ventures happens to be a mainstream investor.

Similarly, RailYatri, a travel app which provides information on trains and passenger amenities, raised funding from Blume Ventures and Helion Venture Partners, both mainstream investors, along with Omidyar...

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