Private lender Yes Bank said Tuesday unveiled plans to provide more lending to Small and Medium Enterprises in collaboration with US-based Wells Fargo Bank will act as a sponsor and co-lender to projects, “MSMEs are the growth engines and employment generators of our economy, and access to …
Companies, Finance & Markets
Kaizen to invest $5-6 m in Edupristine
Mumbai-based private equity fund Kaizen Management Advisors, which raised $150 million edutech fund last year to focus on the education space, is likely to invest around $5-6 million in online start-up EduPristine.com. According to sources, the deal has been closed. However, a mail sent to Kaizen…
SOFTBANK LEADS Rs 780 CRORE FUNDING IN GROFERS
Grofers, a hyperlocal express delivery startup, has raised $120 million, or Rs 780 crore, in a new funding round which is being led by Japan’s SoftBank Corp. Existing investors in the two-year-old Gurgaon-based company, Tiger Global, Sequoia Capital and Apoletto Managers, a personal fund ma…
ENTREPRENEURS CONCERNED OVER AVAILABILITY OF LOANS ON TIME
Entrepreneurs in the Micro, Small and Medium Enterprises (MSME) are as prone to take loans from moneylenders as farmers. Reason: the delay in release of loans by financial institutions and failure of the government to rehabilitate sick industries. The Mysore Industries Association (MIA) has point…
START-UP INCUBATOR PLANS IPO
Kai-Fu Lee, former China head for Google, is planning an initial public offering at his venture firm, with a portfolio of hundreds of firms valued at over $2 billion. His start-up incubator, Innovation Works, is seeking to list its business management arm on China’s over-the-counter market.…
SMEs NEED SIMPLE PRODUCTS TO TRANSACT ONLINE
PayUmoney, an online payments solution, claims to be the number one player in the e-commerce category and the second-largest in the overall payments industry. In an interview with BusinessLine , Paritosh Sharma, Head, Channel Partnerships at PayUmoney, spoke about the payments market and t…
REGISTERED FIRMS HAVE BETTER ACCESS TO SHORT-TERM FINANCE
CRISIL has analysed 7,000 micro, small, and medium enterprises (MSMEs) established as partnership or proprietorship firms and rated on the basis of their 2013-14 financials (financial year April 1-March 31), with a view to understanding whether there is a correlation between their registration wi…
Perfect Infraengineers lists on NSE SME platform
Air conditioning firm Perfect Infraengineers today became the 11th company to be listed on NSE’s Small and Medium Enterprises (SME) platform. The listing holds significance as it is the first time that Small Industries Development Bank of India (SIDBI), which finances small companies, acted as a …
SME PLATFORM LISTING HELPS SMALL FIRMS TAP BIG CLIENTS, BETTER BANKING
Listing on the small and medium-sized enterprise (SME) platforms of the BSE exchange and National Stock Exchange (NSE) has in the past year catapulted some small companies in Gujarat and Maharashtra to an altogether new league. Not only has listing brought in a fresh corporate identity for the SM…
CISCO ARM INVESTS IN TWO EARLY-STAGE START-UPS
Cisco Investments, the venture capital arm of networking major Cisco, has invested in two early-stage Indian start-ups under its India Innovation theme. The investments will be forked out from the $40 million allocation to the India Innovation theme, announced last June. As a part of this, Cisc…