GIIN Investors' Council member Omidyar Network, founded by Pierre and Pam Omidyare, has committed up to $200 million to finance projects in India. The Omidyar Network uses a blended finance model, deploying both grants and for-profit investment to address social and environmental challenges.

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Omidyar Network, the philanthropic investing firm of eBay Inc. founder Pierre Omidyar, plans to plough as much as $200 million into India in the next five years. The organization's target: businesses and non-profits that can make a "social impact" and improve life for people on the lowest economic rungs.

The organization has had boots on the ground in India for about a year and is set to launch a formal office in Mumbai in September, said Jayant Sinha, managing director of Omidyar Network India, on Monday.

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