New Delhi, Feb. 26 -- India will need USD 750 million in flexible funding over the next five years to build 100 non-profit unicorns, according to the Change Engine's report, The Flexible Funding Gap for Non-Profit Unicorns.

This equates to USD 150 million a year, just one per cent of India's philanthropic giving.

Non-profit unicorns are organisations capable of reaching one million people or 5 per cent of their target user base.

The report finds that nearly 80 per cent of the surveyed organisations struggle to scale due to the lack of flexible capital (non-programmatic capital that organisations can use to build teams, invest in systems, experiment with new models, and plan for the long term).

The report also stated that "55 pe cent c...