The Social Stock Exchange in practice

How Indian NPOs have used the Social Stock Exchange to raise funds. Each case below is drawn entirely from public exchange and press records, with sources. These are third-party listings, not Samvedana Analytics client engagements.

A young market, already in motion

India's Social Stock Exchange opened for Non-Profit Organisations in December 2023. Within its first months, NSE's SSE segment grew to five NPO listings, a milestone publicly noted by the Union Finance Minister. The cases below are drawn entirely from public exchange and press records.

Source: Business Standard

SGBS Unnati Foundation

Bengaluru

Raised: ₹1.8 crore
Listed: December 2023
Instrument & segment: Zero Coupon Zero Principal (ZCZP) · NSE Social Stock Exchange

SGBS Unnati Foundation became India's first-ever listing on the Social Stock Exchange, raising close to ₹1.8 crore from high-net-worth individuals through ZCZP instruments. The funds support its UNXT programme, which trains graduates from government colleges and assists them with employment placement.

Why it matters: The debut listing that proved the SSE mechanism works in practice: a registered NPO moving from impact reporting to a regulated, disclosure-backed public raise.

Sources: NSE, Business Standard, World Economic Forum

Ekalavya Foundation

India

Raised: ₹83.5 lakh
Listed: March 2024
Instrument & segment: Zero Coupon Zero Principal (ZCZP) · Social Stock Exchange

Ekalavya Foundation listed on the Social Stock Exchange in March 2024, raising ₹83.5 lakh through ZCZP instruments, part of the first wave of NPOs to use the segment.

Why it matters: A sub-₹1-crore raise showing the SSE is not only for large organisations: smaller NPOs with credible governance and reporting can access it too.

Sources: Business Standard

Transform Rural India Foundation

India

Raised: ₹2 crore
Listed: 2024
Instrument & segment: Zero Coupon Zero Principal (ZCZP) · Social Stock Exchange

Transform Rural India Foundation raised ₹2 crore on the Social Stock Exchange through ZCZP instruments, among the larger early NPO raises on the segment.

Why it matters: Demonstrates the upper end of the early SSE raise range and the appetite for rural development programmes with structured impact reporting.

Sources: Business Standard

Swami Vivekananda Youth Movement

Mysuru

Raised: ₹1.55 crore
Listed: 2024
Instrument & segment: Zero Coupon Zero Principal (ZCZP) · Social Stock Exchange

Swami Vivekananda Youth Movement, a long-established development organisation, raised ₹1.55 crore through ZCZP instruments on the Social Stock Exchange.

Why it matters: An established institution using the SSE as a new, regulated funding channel alongside its traditional grant and donor base.

Sources: Business Standard