Logistics company iThink Logistics reports profitability for FY24; revenue jumps to Rs 104 crore The EBITDA, or earnings before interest, taxes, depreciation, and amortization for FY24 stood at Rs 50 lakh. 1 year ago
Rural lender SAVE Group raises $13 million from Incofin, Maj Invest Founded in 2009, the company provide banking services and financial assistance including business loans, group loans, etc., through its network… 1 year ago
Exclusive: After VC fund, startup networking platform Scope to launch angel fund this year; see details The new angel fund with a corpus of around $15 million will invest in startups across sectors. 1 year ago
Singapore-based ThinKuvate launches Rs 100 crore fund for Indian startups ThinKuvate, with an investor base of close to 200, hopes to mark first close of the fund within this quarter… 1 year ago
In-depth: RBI warning to NBFCs on algo lending sparks concerns among MSME lenders? Cautioning NBFCs over lending based on historical data, Swaminathan J, Deputy Governor, RBI said there appears to be a fancy… 1 year ago
Micro VC firm IVY Growth launches Rs 250 crore fund for startups in agri, Gen AI, SaaS, others The new fund Arigato Capital is looking to begin capital raising in June 2024 and targeting closure of all commitments… 1 year ago
Fusion Micro Finance secures $25 million loan from US International Development Finance Corporation Fusion Micro Finance said the funds will be deployed towards growing its business operations in India to enable financial inclusion… 1 year ago
Kinara Capital FY24 results: 9th consecutive year of profitability; PAT jumps 51% The company’s loan book also grew by 26 per cent in FY24 with its year-end AUM at Rs 3,142 crore. 1 year ago
MSME delayed payment: Check updated online process to file application against your buyer According to the delayed payment monitoring portal by the government MSME Samadhaan, 1.89 lakh delayed payment applications have been filed… 1 year ago
B2B cross border e-commerce startup BEYOBO raises Rs 6.7 crore funding led by Indian Angel Network BEYOBO acts as a gateway for Indian SMEs who want to import goods from other global markets. The company also… 1 year ago
Back from the brink: How NBFC-MFIs fought the battle against NPAs post Covid Over the last decade, the microfinance sector has grown nearly 20 times. Such rapid growth was actualized by the joint… 1 year ago
Section 43B of Income Tax Act: Expenses businesses can cover apart from payment to MSMEs Other than clause h, there are seven other clauses — a list of expenses allowed as deductions under the heading… 1 year ago
Venturi Partners invests $27 million in Navneet Learning’s K12 Techno Services “Navneet Learning LLP (a subsidiary of Navneet Education Limited) has agreed to divest 5.12% stake in K12 Techno to Venturi… 1 year ago
PE-VC funding to remain subdued in 2024 even as long-term India outlook strong: Bain & Company-IVCA report “While the long-term outlook for India remains strong, we nonetheless expect that 2024 will see deal activity somewhat subdued compared… 1 year ago
Data and AI governance startup Atlan raises $105 million from GIC, Meritech Capital, others The latest round brings Atlan’s total fundraising to over $206 million including contributions from top institutional investors such as Insight… 1 year ago
MSME lender Namdev Finvest sees 92% jump in AUM in FY24 The company has so far raised $41.5 million in funding, with $19 million in its last pre-Series C round from… 1 year ago
Kris Gopalakrishnan’s family office, SIDBI’s VC arm, others invest $4 million in AI startup Myelin Foundry Founded in January 2019, Myelin Foundry focuses on transforming human experiences and industry outcomes by building AI algorithms on video, voice,… 1 year ago
MSME lender Lendingkart raises $10 million via ECB for onward lending to small businesses The capital was raised from a fund managed by impact investment manager BlueOrchard that has so far invested over $11… 1 year ago
