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Akshaya Patra Foundation receives $1M pledge from Vista Equity Partners; raises $500K at annual event

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Akshaya Patra Foundation
Akshaya Patra Foundation

Robert F. Smith (center), Founder, Chairman and CEO of Vista Equity Partners alongside Hardeep Gulati (left), CEO of PowerSchool, and Shridhar Venkat (right), CEO of The Akshaya Patra Foundation.

 

SAN FRANCISO (Diya TV) — Vista Equity Partners, the world’s leading private equity firm pledged $1 million to Akshaya Patra over five years to aid in the Foundation’s mid-day meal plan. Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners announced the collaboration alongside Hardeep Gulati, CEO of PowerSchool, and Shridhar Venkat, CEO of The Akshaya Patra Foundation.

The pledge was announced during the opening of the new offices of the education-technology firm, PowerSchool.  PowerSchool provides software solutions to schools in over 70 countries, it will continue to hire talent, and expand its presence in Bengaluru, joining eight other Vista portfolio companies with operations in India.

The initial investment will be used to purchase trucks to transport meals to schools in various areas of the country. With $200,000 granted each year, contributions will aid the delivery of meals to 80,000 students per day, and over 18 million meals per year.

“Our culture at Vista emphasizes the importance of positively impacting and engaging with the communities in which we live and work,” said Smith. “At Vista, we invest in the future. And Akshaya Patra’s work does that.  By ensuring that students across India have the nourishment they need to be able to learn, the foundation plays an integral role in the education of Indian youth, and we are honored to help them execute on their mission.”

“We are honored to partner with Vista Equity Partners and companies to continue to ensure that our children are well-nourished, and able to learn,” said Venkat. “This commitment will immensely expand our ability to deliver meals to schools and students across India, and will help us in furthering the mission of serving five million children by 2020”

Akshaya Patra Bay Area Benefit Event Raises $500,000

Over 300 business philanthropic community leaders attended the Akshaya Patra Foundation’s 2017 Bay Area Benefit Galaraising $500,000 for the organization’s school meal program.

Dheeraj Pandey, Founder, CEO and Chairman of Nutanix  was the event’s keynote speaker. Nutanix India employees have volunteered in Akshaya Patra’s Bangalore kitchen and schools.

The event also featured Diane Greene, Google’s Senior Vice President of Google Cloud Business, who accepted an award on behalf of Google. The award recognizes Google as Akshaya Patra’s “Corporate Partner of the Year”.

The annual fundraiser event is organized by Akshaya Patra’s Bay Area Volunteer Chapter led by Advisory Board members.

Akshaya Patra Foundation is a not-for-profit organization headquartered in Bengaluru, India.  The organization established its school meal program in 2000. Akshaya Patra Foundation serves wholesome food to over 1.6 million children from 13,839 schools across 12 states in India.

Vista Equity Partners is a U.S.-based investment firm with more than $30 billion in cumulative capital commitments.

PowerSchool is a K-12 education technology provider of solutions that improve the education experience for 100 million students, teachers, and parents in over 70 countries around the world.

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Trump becomes first U.S. President to be impeached twice

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Trump Becomes First U.S. President To Be Impeached Twice | Diya TV News

WASHINGTON (Diya TV) — The House of Representatives voted 232-197 to impeach President Trump for “incitement of insurrection.” He is the first President to be impeached twice, with 10 Republicans joining Democrats to vote for the removal of the President, whose term ends January 20th. But the Senate will not convene until January 19th to hold a trial for the president.

A full week after the Capitol was stormed by his supporters, President Trump released a video saying he condemned the mob violence that left 5 people dead and threatened the lives of members of Congress. Trump took on a solemn tone and did not address being impeached, nor acknowledge his successor President-Elect Joe Biden.

After months of massive nationwide protests by India’s farmers, the Indian Supreme Court has put three contentious farm laws on hold until further notice. The court said the decision to suspend the laws “may assuage the hurt feelings of the farmers and encourage them to come to the negotiating table with confidence and good faith.” The farmers argue the new laws passed in September would privatize land and undermine their livelihoods by giving more power to corporations.

Ravi Kapur contributed to this report.

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Impeachment moves ahead despite limited GOP support

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Impeachment Moves Ahead Despite Limited Gop Support | Diya TV News

WASHINGTON (Diya TV) — Democrats in the House are moving ahead with the second impeachment of President Trump over accusations Trump incited supporters to storm the U.S. Capitol. Despite tepid Republican support, the vote will be held Wednesday. Vice President Pence said he would not invoke the 25th Amendment to remove Trump before his final day in office January 20th.

Indian Prime Minister Modi praised the Indian diaspora around the world for all their hard work during the COVID-19 pandemic.  Modi says Indians have gone above and beyond with their giving and generosity, especially medical workers on the front lines. He also thanked temples, gurdwaras and other social service agencies for being there for everyone without discrimination.

India authorized two COVID-19 vaccines for use, putting it’s massive manufacturing capacity in the spotlight.  The Serum Institute of India is the world’s largest manufacturer of vaccines by volume. It will likely provide almost all the vaccines in India and ship to many other places around the world later this year.

Ravi Kapur contributed to this report.

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Rioters face criminal charges, Capitol Police chief resigns

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Rioters Face Criminal Charges, Capitol Police Chief Resigns | Diya TV News

WASHINGTON (Diya TV) — Federal investigators are looking to bring criminal charges on everyone involved in the insurrection in the U.S. Capitol and they are also looking at the role President Trump had in inviting his supporters to interrupt the certification of President-Elect Joe Biden’s win. 15 criminal cases have already been filed, including one against one man who brought a military semi-automatic rifle and 11 Molotov cocktails. Capitol Police are also under fire for how the building was breached in the first place, leading to the resignation of their police chief. The House & Senate Sergeant at Arms are also being replaced.

House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are leading the calls for the 25th Amendment to be invoked against President Trump. The 25th Amendment states in part the vice president and a majority of the cabinet can decide that the president is “unable to discharge the powers and duties” of the office.

Several White House officials resigned in the aftermath of violence at the Capitol. Transportation Secretary Elaine Chao and Education Secretary Betsy DeVos announced their resignations, the first to leave President Trump’s Cabinet since the attack. Trump’s former chief of staff Mick Mulvaney, top European and Russian official on the National Security Council Ryan Tully and First Lady Melania Trump’s Chief of Staff Stephanie Grisham have also quit.

Ravi Kapur contributed to this report.

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