The capital raised will be used for geographical expansion, accelerate product growth and innovation, invest in additional sales and marketing resources and evaluate strategic acquisition opportunities.
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Tag: Power2SME
‘SMEs get support from diversified companies’
The modem of technology is also being welcomed by the SMEs in India to reach out to bigger mass of people
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IFC invests $10 m to help Power2SME expand operations & improve working capital
International Finance corporation (IFC), a worldbank member has invested $10 million in Power2SME, a first ‘Buying Club’ for the small and medium enterprises in India. In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current 14 states, improve its ability…
IFC invests $10 m in Power2SME to lift SME sector
International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce platform Power2SME that helps small and medium companies buy raw materials at bulk prices. Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partne…
B2B e-Commerce: ‘Empower intermediaries, not eliminate’
B2B e-Commerce is set to undergo a transformation. The new age companies like Power2SME, OfBusiness, Bizongo backed by VCs have approached B2B sector from predominantly eliminating the middlemen perspective. This business model is facing headwinds with respect to credit, recovery, tech adaption e…
Fintech players helping banks disburse more loans
Two years of fintechdriven reach has helped banks grow about 15-20 per cent indicating that banks’ dependence on `feeton-street’ to campaign for loans may recede in a few years. Bankers said nearly a third of their customers below 30 years were on-boarded through the digital platform.…
Revenues v/s investments: How money moves in Indian start-ups
Over the last five years, consumer internet companies have grabbed most of the dollars but it’s the workhorse business-to business start-ups that are racking up revenues
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Power2SME & NSIC sign MoU to make MSMEs cost competitive
The MOU would facilitate the two companies in reaching out to the doorsteps of MSMEs pan India with an enriched bouquet of raw materials, enabling MSMEs to focus on their core business.
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Nandan Nilekani & Sanjeev Aggarwal float $100m tech fund to back mid-stage start-ups
Infosys co-founder Nandan Nilekani and venture capitalist Sanjeev Aggarwal have launched a $100-million venture fund to back mid-stage start-ups that solve unique Indian problems in the consumer technology space. While Nilekani is looking to back companies that target India’s domestic economy, he…
Start-ups lead the path in offering solutions to SMEs
Bengaluru: Whether it’s in the form of exchange programmes between SMEs of various economies, foreign investment into Indian SMEs through specific channels, or some of India’s start-ups innovating to help make SMEs more efficient, the landscape for the small business owner is turning promising. O…