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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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Several killed in Kashmir border clash

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Kashmir

KASHMIR, India (Diya TV)  — New military clashes between Pakistan and India along the Kashmir border left several casualties on both sides. The Pakistani army confirmed the killing of two of its soldiers along the Line of Control (LoC) that divides Kashmir. The Indian military confirmed the death of one of its officers and a civilian. Both sides allege the conflict was started by the other.

Raag Singhal, an Indian American circuit court judge in Broward County, Florida, was confirmed by the U.S. Senate and will officially become a U.S. District Court judge in South Florida. It’s a lifetime appointment for Singhal, who will act as a trial judge in federal criminal and civil cases.

FCC chairman Ajit Pai announced Dr. Monisha Ghosh will become the FCC’s Chief Technology Officer, the first woman to serve in that role. Ghosh joins the FCC from the National Science Foundation where she was a program director and the University of Chicago, where she was a research professor.

Ravi Kapur contributed to this report.

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Historic Sikh temple in Pakistan vandalized, destruction threatened

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Sikh Temple

NANKANA SAHIB, Pakistan (Diya TV)  — Communal tensions are high in Pakistan’s Punjab state after a fiery Muslim mob hurled stones and threatened to destroy the historic Sikh Temple Nankana Sahib Gurdwara, birthplace of Guru Nanak, the founder of Sikhism. Pakistani officials say the situation is under control, and a large police presence is on site. But the men behind the demonstration say their goal is to eradicate Sikhs from the area.

On the order of President Trump, the American military killed Iran’s top military commander, Qassem Soleimani, in a missile strike at Baghdad airport. It’s a dramatic move by the Trump Administration who has been threatening action against Iran for their efforts to impede American operations in the Middle East. Iran’s President Rouhani said in reaction ‘we will take revenge’ and their foreign minister said “America’s action without any doubt is an act of state terrorism.” Democrats are up in arms at the move by Trump without Congressional approval. Trump responded by saying “We took action last night to stop a war. We did not take action to start a war.”

Ravi Kapur contributed to this report.

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India’s new army chief reserves right to ‘preemptively strike’

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India’s new army chief reserves right to ‘preemptively strike’ | Diya TV News

NEW DELHI (Diya TV)  — The war of words over Kashmir heated up when India’s new Army Chief General Manoj Mukund Naravane said India reserves the right to “preemptively strike” at sources of terror along the Line of Control. Pakistan rejected the statement, saying they would thwart any Indian move.

The only Latino in the Democratic field, Julian Castro, is dropping out of the Presidential race suffering from poor support and a lack of funds to continue in earnest.

Manu Asthana begins the New Year as PJM Interconnection’s President and CEO, a nearly 100 year old power infrastructure business that serves 65 million Americans. But his hiring is not without criticism from consumer watchdogs over Asthana’s previous role as President of Direct Energy Home, accusing him of mismanagement. PJM defended their new hire saying those charges are “misleading” and “unfair.”

Pakistan announced their first batch of fighter jets manufactured with China is ready, celebrating with a group of Pakistani and Chinese officials on hand. The two nations also have a deal for commercial aircraft as well.

Ravi Kapur contributed to this report.

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