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  3. msme desk

MSME Desk

startup mahakumbh, pm modi, narendra modi, amitabh kant, third largest economy, unicorns, agriculture, textiles, medicine, transport, space, yoga, ayurveda, g20 delhi declaration, byju's, paytm
PM Modi: Startups to play major role in India’s jump as the 3rd largest economy

“India is the third largest startup ecosystem with 1.25 lakh startups involving 12 lakh youth who are directly linked with…

By MSME Desk
March 20, 2024 13:54 IST
easemytrip, prashant pitti, optimo, msme lending, rural india, msme loans, co-lending, blume ventures, omnivore
EaseMyTrip Co-founder Prashant Pitti’s MSME lending startup Optimo Loan raises $10M from Blume, Omnivore

The funding will be used to expand Optimo’s operations, enhance its technology, recruit new talent, and broaden its presence to…

By MSME Desk
March 20, 2024 11:28 IST
b capital, facebook, eduardo saverin, opportunities fund, startup funding
Facebook Co-founder’s B Capital closes $750 million Opportunities Fund II for late-stage startups

The majority of the fund will focus on follow-on investment opportunities in existing and growing B Capital portfolio companies. B…

By MSME Desk
March 19, 2024 16:34 IST
g20, amitabh kant, dpiit, startups, valuation, VCs, venture capital, governance, paytm, byju's, startup mahakumbh
Amitabh Kant: Startups’ focus on growth and valuation at all cost leads to misgovernance

Speaking at the Startup Mahakumbh event on Monday G20 Sherpa and Former CEO of Niti Aayog Amitabh Kant called for…

By MSME Desk
March 18, 2024 12:20 IST
SRI fund, self reliant india fund, agriculture, pharma, auto, chemicals, etc., undertaking manufacturing, services business., msme ministry, msme npa, reserve bank of india, mother fund, daughter fund
Govt’s Self-Reliant India fund: Rs 7,593 crore in equity funding invested in 425 MSMEs

SRI is a sector-agnostic fund to support MSMEs in agriculture, pharma, auto, chemicals, etc., undertaking manufacturing or services business. 

By MSME Desk
March 15, 2024 18:40 IST
mudra yojana, mudra loans, msme loans, pmmy, shishu loans, kishore loans, manufacturing, services, mudra npa, refinancing, MLIs, NBFCs
Mudra loans disbursed to micro, small enterprises in current fiscal surpass entire FY23 performance

In FY23, Rs 4.56 lakh crore loans were sanctioned, of which Rs 4.50 lakh crore loans were disbursed to micro…

By MSME Desk
March 15, 2024 12:00 IST
indrive, cab booking, ride hailing, general catalyst, online taxi booking, uber, ola
Ride-hailing app inDrive raises another $150 million from General Catalyst

The company said it recorded 54 per cent growth in net revenue in 2023. 

By MSME Desk
March 14, 2024 15:22 IST
prath ventures, startup funding, sidbi fund of funds, family offices, venture capital, consumer sector, morgan stanley, AIFs, SEBI
Prath Ventures completes second close of Rs 120 crore for new fund

Prath Ventures is targeting its final close in the coming months. The firm is looking to deploy the corpus in…

By MSME Desk
March 13, 2024 17:43 IST
8i ventures, startup funding, venture capital, early stage startups, seed funding, Slice, M2P, Easebuzz, Blue Tokai, funding winter, tracxn
8i Ventures launches $10 million seed fund for pre-seed to early revenue startups

The fund will double the allocation to $20 million if it is well received. 8i Ventures has allotted $10 million…

By MSME Desk
March 13, 2024 13:04 IST
perfios, Teachers’ Venture Growth, TVG, saas, software, startup funding, Ontario Teachers’ Pension Plan, Kedaara Capital, Perfios, private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate, Bessemer Venture Partners, Warburg Pincus, Kedaara Capital
B2B SaaS company Perfios raises $80 million from late-stage investor Teachers’ Venture Growth

The company said it will deploy the capital to fund inorganic growth opportunities and continue to invest in its tech…

By MSME Desk
March 13, 2024 11:33 IST
M&A, deals, domestic investment, volume growth, M&A, PE activity, Indian corporates, domestic investment, QIP, IPO, sectoral performane
Cashinvoice partners with SBI Global Factors for factoring solutions to MSMEs; eyes Rs 3,000 cr invoice financing in FY25

Factoring is a concept involving converting receivables or bills into creditworthy assets allowing businesses to access working capital loans while…

By MSME Desk
March 11, 2024 18:20 IST
Avaana Sustainability Fund (ASF), SIDBI, climate fund, Green Climate Fund (GCF), msme, startups, sustainability
SIDBI announces $120 million fund for climate, sustainability solutions from startups, MSMEs

The $120 million Avaana Sustainability Fund (ASF) anchored by SIDBI as an accredited entity was approved by the world’s largest…

By MSME Desk
March 11, 2024 16:53 IST
rajnath singh, defence, idex, aditi scheme, innovation, strategic technologies, Acing Development of Innovative Technologies with iDEX ,Department of Defence Production, Ministry of Defence, navy, air force, army
Rajnath Singh launches Rs 750 crore scheme ADITI for startups to develop strategic defence technologies

The scheme operational for the period 2023-24 to 2025-26 falls under the iDEX (Innovations for Defence Excellence) framework of the Department of…

By MSME Desk
March 4, 2024 14:49 IST
From Rejection to Victory: How David & Goliath Farms secured €50 million funding with carbon credits futures

Recognizing the potential of carbon credits, each representing a metric ton of reduced CO2 emissions, David & Goliath Farms used…

By MSME Desk
Updated: June 6, 2024 19:12 IST
zoho, zakya, pos device, point of sale, retail stores, cloud software, billing, inventory management, pine labs, razorpay, phonepe
Zoho launches new POS solution Zakya for small and medium retailers; see key features here

The solution can be implemented in under an hour for businesses with thousands of items in inventory. 

By MSME Desk
February 27, 2024 11:18 IST
dun & bradstreet, Index of Industrial production, IIP, manufacturing, exports, rbi, small businesses, SMEs, supply chain, consumer price inflation, wholesale price inflation, oil prices, fiscal deficit, budget, forex reserves, demand slowdown, capex, high interest rate
Supply disruptions amid risk aversion and high interest rates tilt the scale against SMEs: Dun & Bradstreet

The Index of Industrial production (IIP) is expected to have registered a moderate growth in January 2024, owing to factors such as…

By MSME Desk
February 26, 2024 16:01 IST
mahindra and mahindra, mahindra finance, lendingkart, msme loans, colending, banks, rbi, reserve bank of india, risk, small business loans, bank loan to msmes
NBFC Mahindra Finance forays into MSME co-lending with Lendingkart

Co-lending as a model (originally known as co-origination of loans by banks and NBFCs) for lending to priority sectors involves…

By MSME Desk
February 26, 2024 12:37 IST
udyam registration, msme jobs, msme employees, monthly economic report, finance ministry, department of economic affairs, nirmala sitharaman, gem portal, eclgs scheme
MSME employee count jumped over 5x since July 2020: FinMin monthly economic report

As of February 26, the total employment reported by Udyam-registered MSMEs was 15.6 crore including 3.89 women employees, as per…

By MSME Desk
February 26, 2024 11:36 IST
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