Venture: Magic Bus
Investment: $2.5M grant
Portfolio: Scaling Capital
Investment date: June 2023
Region(s) served: India
Core Impact Metric: Reduction in school dropout
Flexible grant capital that allows Magic Bus to scale their program with state governments
Magic Bus introduces life skills education into secondary schools in India. With unrestricted funding, Magic Bus is now able to scale alongside five state governments in India who want to implement their curriculum in all government schools in that catchment area.
Why Rippleworks Invested:
Magic Bus is a mature organization with a government partnership model that is growing quickly. In order to ensure the team has the resources to make non-programmatic investments tied to government scale, they needed to build out a base of funding that wasn’t tied to Indian CSR. With a professionalized senior team and a focus on impact for youth, we hope that Magic Bus’ curriculum will be included in all government schools across India one day.