Biz Masala

  India’s NGOs need money. A market exists to help them raise it. So why is the money still not flowing at scale? By Murthy ASR   |   Biz Masala   |   Forensic edition — 18 October 2026 A community meeting illustrates the frontline work undertaken by grassroots organisations. The photograph is contextual and does not depict an SSE issuer unless independently confirmed. EDITOR’S NOTE This is a first-cut investigation built from public regulatory documents, exchange disclosures and reported public data. The central thesis is a hypothesis to test, not a final verdict: the Social Stock Exchange (SSE) may have built a regulated fundraising mechanism faster than it has built a broad base of donors, distribution and practical support for smaller nonprofits. Figures below are dated snapshots, not a substitute for a transaction-level audit. The causal claims require interviews with NPOs, exchange officials, social impact assessors, intermediaries and donors. ...