New Delhi, Feb. 26 -- India will require nearly $750 million in flexible funding over the next five years to build 100 'non-profit unicorns,' a new report released on Thursday said. The report finds that nearly 80 per cent of the surveyed non-profit organisations struggle to scale due to the lack of flexible capital.

The report - 'The Flexible Funding Gap for Non-Profit Unicorns' - part of the 'Ease of Doing Good' series by Change Engine, estimates that this translates to $150 million annually, just about 1% of India's total philanthropic giving.

'Non-profit unicorns' are organisations capable of reaching at least one million people or 5% of their target user base.

Flexible funding refers to financial contributions that are unearmarked...