Sanjay Nayar’s Sorin Investments, Lightspeed lead Rs 100 crore funding in Shivalik Small Finance Bank
RENÉE Cosmetics raises Rs 100 crore round led by Evolvence India, Edelweiss Group; valuation jumps 60%
Compliance burden stifles MSME chemical units Each unit in the employment-intensive sector requires to meet as many as 635 compliance requirements every month, and this is… By Abhinay KumarUpdated: June 13, 2024 11:52 IST
D2C skincare startup Foxtale raises $18 million from Panthera Growth Partners, Matrix Partners, Kae Capital Founded in 2021 by Romita Mazumdar, a former investment banker, Foxtale currently offers multiple types of skincare products to address… June 12, 2024 15:55 IST
Drone startup Skye Air raises $4 million from Mount Judi Ventures, Chiratae Ventures, others Founded in 2019 by Ankit Kumar and Chandra Prakash, Skye Air offers drone-based logistics solutions to various industries including healthcare,… June 12, 2024 13:36 IST
IVF facility Sabine Hospitals raises $50 million in funding round led by CX Partners The hospital, founded in 2010 by Dr Sabine Sivadasan, offers services in infertility, assisted reproductive technology, obstetrics, gynaecology, neonatology, paediatrics,… June 11, 2024 18:00 IST
Rs 38,072 crore microfinance loans written off as of March 2024; loans unpaid beyond 180 days swell: Report The sector continued to see growth with a 26 per cent jump in gross loan portfolio to Rs 4.42 lakh… By Sandeep SoniJune 11, 2024 13:05 IST
Former Bihar CM Jitan Ram Manjhi gets MSME Ministry; Shobha Karandlage is new MoS MSME Manjhi will replace Narayan Rane who became the MSME Minister in July 2021 during the first major cabinet reshuffle in… June 10, 2024 19:54 IST
Microfinance gross loan portfolio jumps 24% in FY24: Report In terms of portfolio quality, the portfolio delinquent by 31 to 180 days past due (DPD) improved for banks and… June 10, 2024 19:12 IST
MSME loans, exports, jobs, and other policy changes expected from new Modi govt: Report A number of policy changes are reportedly expected by the new Modi cabinet to boost job creation, entrepreneurship and business… June 10, 2024 16:21 IST
Solar company Candi Solar raises $38 million from Norfund, Kyuden International, STOA The company said it will use the capital for financing of an additional 200 MW of business solar projects and… June 10, 2024 15:46 IST
Startups see rise in venture debt financing $105 million raised till May in 2024 By Ayanti BeraUpdated: June 10, 2024 11:51 IST
Quasi-equity financing: The non-dilutive option for startups to build scalable business Unlike equity financing, non-dilutive options allow businesses to secure funding without sacrificing ownership stakes or diluting existing shareholders’ interests. By GuestJune 10, 2024 11:20 IST
More funds for startup scheme likely in Budget The scheme was announced in 2021-22 with a corpus of Rs 945 crore for four years. By Mukesh JagotaUpdated: June 10, 2024 15:13 IST
MSME 45-day payment rule: Traders to urge new NDA govt for up to 180-day time limit Currently, traders including wholesale and retail traders are limited to raising bank credit under priority sector lending norms and hence… By Sandeep SoniJune 7, 2024 19:13 IST
MSME lender Ashv Finance partners with HDFC Bank for co-lending MSME loans The co-lending deal is part of Ashv Finance’s focus on growing co-lending partnerships for lending to MSMEs. June 7, 2024 16:26 IST
Priority bank credit to MSMEs jumps 18% in April from year-ago period: RBI data Priority credit to MSMEs in April was 14.9 per cent of Rs 164.76 lakh crore in India’s non-food credit during the… June 6, 2024 14:18 IST
Micro enterprise lender Aye Finance sees 182% jump in PAT; AUM grows to Rs 4,400 crore In terms of asset quality, Aye Finance claimed net NPAs (non-performing assets) under 1 per cent of the loan book. June 6, 2024 13:38 IST
Govt to undertake MSME survey on challenges in adopting Industry 4.0 technologies In a call for proposal, TCoE said the survey will focus on “digital transformation through 5G technologies and its impact… June 5, 2024 18:54 IST
Testsigma raises $8.2 million funding round led by MassMutual Ventures Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma allows users to rapidly create, manage… June 5, 2024 16:15 IST
9 Photos Productive discussions with world leaders! PM Modi at G7 Summit – PHOTOS 2 weeks agoJune 15, 2024
12 Photos Modi takes oath as PM for third time in a star-studded ceremony at Rashtrapati Bhavan | IN PICS 2 weeks agoJune 10, 2024
