Routes 2 Roots: First Art NGO Listed on NSE's Social Stock Exchange

Mumbai, Apr 3 - In a significant development for the social sector, the NSE's Social Stock Exchange (SSE) has welcomed its sixth non-profit organisation, Routes 2 Roots, into its fold. This Delhi-based entity has earned the distinction of being the first art and culture NGO to secure a spot on the SSE. This innovative platform facilitates the listing of social impact organisations, both non-profit and for-profit, offering them an alternative avenue for fund-raising.

Representative image

The recent listing has successfully garnered Rs 1 crore in funds for Routes 2 Roots. These resources are earmarked for the launch of a complimentary digital teaching initiative focused on Arts, Culture, and Heritage. The program aims to reach 100 schools across Himachal Pradesh and Uttarakhand, equipping them with Smart Classroom Equipment, Musical Instruments, and providing necessary training to teachers along with maintenance support.

Ashishkumar Chauhan, MD & CEO of the National Stock Exchanges (NSE), highlighted the multifaceted benefits of listing on the SSE. He pointed out that this framework not only enhances transparency and trust but also improves efficiency, reduces costs, facilitates discoverability, measures impact effectively, and promotes outcome-based philanthropy. Chauhan also acknowledged the Securities and Exchange Board of India's (Sebi) crucial role in introducing the Social Stock Exchange framework in India.

The NSE-SSE platform is witnessing rapid growth with 58 registered NPOs to date. Among these, seven have successfully raised over Rs 10 crore. The platform is dedicated to narrowing the gap between financial markets and social welfare goals, thereby fostering inclusive growth and financial empowerment.

This initiative by Routes 2 Roots through its listing on the SSE is set to significantly enhance its impact. By integrating technology with education in arts and culture, the organisation aims to enrich the learning experience for students in Himachal Pradesh and Uttarakhand. The success of this model could potentially inspire similar initiatives across India, contributing to a broader appreciation and understanding of cultural heritage among young learners.

The Social Stock Exchange stands as a testament to innovative financial solutions aimed at societal betterment. As it continues to expand its portfolio of listed organisations, it paves the way for a new era of social impact financing. This approach not only benefits participating organisations like Routes 2 Roots but also sets a precedent for how financial markets can contribute towards achieving substantial social welfare outcomes.