Haqdarshak Empowerment Solutions Private Limited (HESPL) ensures that people in the last mile have access to government and private welfare, programmes, and facilities. This is accomplished through a smartphone and online SaaS network for corporate partners, as well as a training platform for women entrepreneurs in the community.
“Ensuring the underserved households get the benefits that they are entitled to be very critical for their socio-economic inclusion, especially in these challenging times. While many organizations work on government scheme linkages, Haqdarshak’s technology enables it to do it at a scale that is unmatched. A data-driven approach will also play a critical role in improving the effectiveness of its service,” mentioned Dr. Ruchi Mehta, strategy lead, Deepak Group.
The Indian government spends over 7% of its GDP on welfare services. But there’s still a huge gap in the demand and supply, resulting in unspent funds. For this, information asymmetry is the major reason.
Access to social welfare and financial inclusion services at the last mile has been a critical challenge in India. Only 40 percent of Indians are able to apply for the government services and goods that they need, a 2017 World Bank study concluded adding that citizens could not simply afford the time and money they spent to access such services, the company shared.
“Through Haqdarshak’s innovative business model and the vision of its founders, the company is making a distinct difference in India’s communities by democratizing how government subsidies are distributed and received by the people who need them the most. The team’s commitment to greater financial inclusion and access to healthcare, as well as gender equity, exemplifies what Beyond Capital looks for in our portfolio partners,” added Eva Yazhari, co-founder and chief executive officer, Beyond Capital.
Haqdarshak has reached out to over 1 million families and helped over 600,000 beneficiaries of welfare programmes over the last five years, channelling $67 million in benefits. Haqdarshak's technology platform has digitised 7000 welfare schemes, with field operations in 22 states.
The company has also recently launched the Haqdarshak app on the Google Play Store. One of the most recent initiatives by Haqdarshak is the introduction of its MSME-focused website, which will provide application support services to those interested in applying for qualified welfare schemes.
HESPL (Haqdarshak Empowerment Solutions Private Limited) revealed a new investment on Tuesday to close out its pre-Series A round. In this round, Haqdarshak is looking to raise INR 6.65 crore.
