Impact Investing for the Global South
A practitioner-led online course from AshokaX, developed with Kartikeya Desai, Founder and CEO of Desai & Associates, and Visiting Faculty at Ashoka University.
Learn how private capital is structured, deployed and measured to deliver both financial returns and social impact.
- Starting soon
- Platform: Coursera
Overview
Using India as a key case study, you will explore the people, capital, tools and decisions that shape impact investing across emerging markets. Go beyond theory through real fund cases, impact measurement frameworks and a capstone project where you design your own impact fund.
Understand Impact Investing as a Financial Discipline
See how impact and financial returns can work together, and learn the investment concepts, tools and trade-offs behind impact investing.
Explore the Spectrum of Capital
Understand how different forms of capital — from equity and debt to catalytic capital — can be matched to different stages, risks and impact goals.
Who is this course for?
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Finance, Consulting, and Policy Professionals
Build an impact lens alongside your financial, strategic or policy expertise.
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Entrepreneurs and Aspiring Impact Investors
Understand what investors look for and learn to evaluate and design investment opportunities.
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Development and Social Impact Practitioners
Understand how social and environmental challenges can be addressed through different forms of capital.
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Journalists and Researchers
Build the foundations needed to analyse the impact investing landscape and its debates.
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Learning Outcomes
Understand how capital moves
Follow how capital flows through the impact investing ecosystem, from investors to enterprises.
Evaluate investment opportunities
Assess a company through both financial and impact lenses.
Measure impact
Apply impact measurement frameworks to evaluate a company’s impact.
Develop an investment thesis
Build a fund strategy around a sector, impact focus and investment approach.
Modules
Module 1 – Purpose Meets Profit: The Case for Impact Investing
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Module 2 – How the Money Moves: Capital, Funds, and Deals
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Module 3 – Proving Impact: Frameworks, Metrics, and Measurement
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Module 4 – Creative Capital: Innovative Finance for Systemic Change
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Module 5 – Inside Real Impact Funds: Cases Across Sectors, Strategies, and Markets
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Faculty
Kartikeya Desai is a leading voice in India’s social finance and impact investing ecosystem. With almost two decades spanning investment banking, private equity, venture capital, social entrepreneurship, and economic policy, he has helped shape India’s impact investing landscape. Desai has held leadership roles across India’s pioneering impact investing organisations, including founding Asha Impact and senior roles at Lok Capital, Aavishkaar, and KOIS. He has advised investors, donors, corporates, policymakers, and foundations, with a consistent record of successful impact investments and exits. A recognised thought leader, he teaches at Ashoka University, Ambedkar University and ISDM, and has lectured internationally at Oxford University and New York University.
Kartikeya Desai
Visiting Faculty, Department of Entrepreneurship, Ashoka University
Founder and CEO, Desai & Associates
Founder, Asha Impact
















