The Rise Fund, an impact investing fund managed by global investment firm TPG, and emerging markets-focused venture capital firm Elevar Equity have led a Series A investment round of INR250 million (approximately US$3.5 million) for content platform The Better India. The company, which publishes online news focused on positive stories of social impact, plans to use the funds to expand operations and launch an e-commerce platform aimed at helping small businesses, non-governmental organizations and others in India.