Mudra Bank, which is Narendra Modi government’s gift to Indian banking aiming to grow lending towards small businesses, has invested Rs 50 crore in a securitisation deal with Janalakshmi Financial Services helping the latter unlock capital. This marks MUDRA’s first ever participation …
27 SME IPO Papers in 2016
To tap the upbeat market sentiment, as many as 27 Small and Medium Enterprises (SMEs) have filed draft papers this year to raise funds totalling over Rs 220 crore through initial public offerings. The shares will be listed on the SME platforms of BSE and the National Stock Exchange (NSE). Since t…
Uttar Pradesh MSME sector received investment of Rs 13,000 crore
The Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh received a total investment of about Rs 13,000 crore during the Eleventh Five Year Plan (2007-12). The MSME sector contributes 60 per cent of the state’s annual industrial output, employs 9.2 million people and generates…
Introducing fuel a dream, a crowdfunding platform to fund creative ideas and causes
Crowdfunding is becoming an increasingly popular way to raise money for innovative ideas and social causes. It is so convenient: just sign up with a high-quality crowdfunding platform, pitch your ‘story’/ idea there, leverage the power of social media to drive traffic to your campaign, and poof, …
PHD Chamber of Commerce and Industry & Public Health Foundation of India forge strategic partnership for Skill Building in Healthcare
With an aim to augment the Government of India’s ‘Skill India’ flagship project and to create a robust and vibrant eco-system for quality skill development in the healthcare sector, PHD Chamber of Commerce and Industry (PHDCCI) and Public Health Foundation of India (PHFI) signed a 5 year memorand…
TPG leads $210-million funding in Janalakshmi Financial Services
TPG has led a $210-million (about Rs 1,400-crore) funding round in Janalakshmi Financial Services, as the global private equity major along with existing investors, double down on the country’s largest Microfinance Institution (MFI). The round, which has a mix of primary and secondary compo…
Lufthansa ‘Runway to Success’ with mentorship camp
Lufthansa’s fourth ‘Runway to Success’ – mentorship camp will take off on April 22, 2016 to empower budding entrepreneurs in Ahmedabad. The camp jointly organised with The Indus Entrepreneurs (TiE) is an extension of Lufthansa’s Runway to Success, an initiative aimed…
Logistics start-up LetsTransport to expand
With e-commerce and consumer goods space picking up, Bengaluru-based logistics start-up LetsTransport plans to expand its operations to 10 cities this year. Pushkar Singh, Founder of LetsTransport, told that the venture plans to expand into 10 cities this year with a focus on industrial towns. It…
Bitcoin trading start-up Coinsecure raises $1.2 million
Indian bitcoin trading platform Coinsecure has raised $1.2 million as part of its ongoing Series-A investment round from an undisclosed investor. The company opened the fund-raising round earlier in January this year and expects to close a total of $5-million funding soon. The start-up had also r…
SalezShark to handle Nasscom sales operations
IT industry lobby Nasscom has chosen customer relationship management startup SalezShark over the likes of Microsoft and American cloud computing company Salesforce. com to handle sales operations. SalezShark will now manage the entire gamut of operations from marketing, events and publications t…