Veddis Foundation

Accelerates social impact by funding non-profits, partnering with Governments, and improving policies to address India's complex challenges

  • FCRA
  • 80G
  • 12A
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About

  • Headquarters

    Gurgaon, Haryana

  • Since

    2006

Veddis Foundation (registered as Letz Dream Foundation) focuses on driving large-scale positive change in society. It has pledged 100 crore rupees ove Read morer three years to boost impactful initiatives. Its approach hinges on empathy, evidence, and problem-solving, seeking to support organisations addressing complex social challenges. Its Social Impact Fund (SIF) offers grants of up to 1 crore rupees annually to non-profits working at the intersection of technology, policy, and impact. Additionally, it is expanding efforts, partnering with Governments to improve public service delivery and policy implementation, starting with State Rural Livelihood Missions in Rajasthan and Haryana, with plans for further scaling. Recognizing the complexities of societal issues, the Veddis Foundation emphasizes the importance of collaboration. It believes in enhancing Government policies by incorporating ground-level data and feedback, aiming for continual improvement. By integrating its principles of empathy, evidence, and problem-solving, the Veddis Foundation aims to play a pivotal role in shaping policies that align with India's development and climate change goals, fostering collaboration between the Government and non-profits for accelerated progress.

Demographies Served

Programs

  • ASPIRE Programme

    State

    Veddis Foundation collaborates within the Alliance for Scaling Policy Impact through Research and Evidence (ASPIRE), a coalition striving to expand impactful programmes addressing India's key developmental issues. Recognizing the importance of long-term partnerships, it blends comprehensive research on government priorities with extensive fieldwork to devise scalable policy solutions. ASPIRE's "evidence-to-action" approach identifies critical policy challenges, tests innovative solutions in collaboration with governments and J-PAL collaborators, and supports the widespread implementation of effective strategies. Drawing from J-PAL South Asia's 15-year history, ASPIRE engages in a four-step process involving diagnostic analysis, collaborative solution design and testing, program scaling, and continuous policy refinement through evidence dissemination and Government engagement.

  • CEGIS(Centre for Effective Governance of Indian States) Programme

    Veddis Foundation's CEGIS works to enhance lives by aiding state governments in achieving better development outcomes. It emphasizes improving state effectiveness and public expenditure quality as the most efficient approach for broad-scale development progress. CEGIS focuses on outcome measurement, efficient personnel management, evidence-based resource allocation, and enhancing the state's capacity to manage market interfaces. By supporting Indian state Governments in these areas, CEGIS aims to enable more effective delivery of development outcomes. It highlights the significance of Indian states due to their vast mandate, resources, and potential to impact millions, seeing state governance improvement as a powerful method to elevate Indian and global prosperity. Successful reforms in one state can serve as models for others, emphasizing the transformative potential of state-led policy reforms for the country.

  • Social Impact Fund Programme

    District

    The Social Impact Fund by Veddis Foundation aims to offer sustained backing to groundbreaking organisations. It provides unrestricted grant funding to non-profits sharing their evidence-led approach and utilizing technology and data for enduring impact. The fund concentrates on innovative solutions that unlock public funds, enhance public service delivery, leverage technology and data effectively, and enable empowered policy-making. Offering up to Rs. 1 crore per year in unrestricted grant capital, multi-year commitments, hands-on support, additional funding for impact assessment and evaluation, as well as aid for brand building, marketing, and access to a network of investors and experts, the SIF seeks to empower impactful initiatives for lasting change.

  • Grants Programme

    District

    Veddis Foundation collaborates with organisations striving for effective governance and improved public service delivery. Its engagement involves a hands-on approach, offering support in strategy and programme development, aiding partners in envisioning goals and providing the necessary systems for attainment. Additionally, it emphasizes regular impact evaluations, assisting partners in monitoring interventions through Management Information Systems and funding impact assessment studies, while also facilitating crucial partnerships between government, donors, and implementation partners. Furthermore, Veddis Foundation provides operational guidance, optimizing internal processes like procurement and recruitment. Its grants aim to bolster sustainable and scalable models addressing major issues in India such as poverty, education, and health, seeking partners who share its commitment and determination to create lasting social impact.

  • Livelihoods Programme

    Veddis Foundation collaborates with state Governments across Rajasthan, Haryana, Himachal Pradesh, and Manipur to enhance public service delivery. Partnering with programs like RGAVP, HSRLM, HPSRLM, and MSRLM, it focuses on strengthening Cluster Level Federations (CLFs) and improving governance models. Through its initiatives, it has witnessed significant results, including a 55% increase in household incomes across 160,000 households in Rajasthan, leading to self-sustainability and replication of the model across districts. In Haryana, it aims to bolster 31 CLFs across seven districts, piloting livelihood interventions. Similarly, in Himachal Pradesh and Manipur, its focus lies on tech-driven governance, advocating for policy changes, and empowering rural communities for improved living standards. With established governance units in each region, the Veddis Foundation is dedicated to identifying systemic gaps and advocating for impactful policy shifts to enhance programme efficiency.

Leadership Team

  • Murugan Vasudevan

    Chief Executive Officer

  • Vaishali Samanta

    Chief Operating Officer

  • Vikrant Bhargava

    Founder & Trustee

  • MBL Bhargava

    Managing Trustee

  • Sanjeev Grover

    Trustee

Demographics & Structure

  • No. of Employees

    6-20

M&E

  • Internal, External Assessors

    No

Policies

  • Ethics and Transparency Policies

    No

  • Formal CEO Oversight & Compensation Policy

    No

Political & Religious Declarations

  • On Affiliation if any

    No

  • On Deployment Bias if any

    No

Registration Details

  • PAN Card

    AAATL5700C

  • Registration ID

    E-4176

  • VO ID / Darpan ID

    MH/2018/0216345

  • 12A

    AAATL5700CE20075

  • 80G

    AAATL5700CF20081

  • FCRA

    172270102

  • CSR Registration Number

    Not Available

Location

  • Headquarters

    Unit 401A, Fourth Floor, Centrum Plaza, Sector 53, Golf Course Road, Gurgaon, 122002

    Directions
  • Offices in Cities

Other Details

  • Type & Sub Type

    Non-profit
    Trust