| Date | Title | Description |
| 20.08.2024 | The Future of Deposit Insurance and Banking in India: A Crucial Crossroad | In the bustling world of finance, the stakes are high. The recent discussions led by RBI Deputy Governor M Rajeshwar Rao and Finance Minister Nirmala Sitharaman highlight a pivotal moment for India's banking sector. The need for a robust de... |
| 19.08.2024 | FM Sitharaman directs Public Sector Banks to launch special drive to garner deposits | Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday advised Public Sector Banks (PSBs) to make concerted efforts to garner deposits by conducting special drives.
This advice is crucial as PSBs are experiencing a tricky situa... |
| 08.08.2024 | Nazara Gets Green Light To Acquire Bankrupt Smaaash Entertainment | SUMMARY
Nazara’s board has “in-principally” approved availing a bank guarantee of up to INR 20 Cr to acquire the sports entertainment company
Nazara added that its resolution plan for acquiring Smaaash was subject to the terms of the letter... |
| 07.08.2024 | The Surge of Innovation: A Look at Recent Startup Funding in India | The Indian startup ecosystem is buzzing. Recent funding rounds showcase a diverse array of sectors, from medtech to agritech, and even dating apps. Investors are eager to back innovative ideas. The landscape is shifting, and the stakes are ... |
| 06.08.2024 | Navigating the Future: India’s MSME Financing and Infrastructure Development | India stands at a crossroads. The nation’s economic landscape is shifting, driven by strategic partnerships and ambitious infrastructure projects. At the heart of this transformation lies the Micro, Small, and Medium Enterprises (MSME) sect... |
| 06.08.2024 | Medtech startup SigTuple raises $4 million from Sidbi Venture Capital, others | ETtechTathagato Rai Dastidar, founder and CEO, SigTuple
SigTuple, a medtech startup specialising in digital microscopy solutions powered by artificial intelligence (AI) has raised Rs 33 crore ($4 million) in an extended series C funding rou... |
| 05.08.2024 | SIDBI Partners C2TREDs for MSME Loans
Kerala Drafts Master Plan for Vizhinjam Port
India's Major Ports Capacity Up 87% Since 2014
MCA Nepal Contracts Indian Firm for Substation | ECONOMY & POLICY SIDBI Partners C2TREDs for MSME Loans
05 Aug 2024 1 Min Read CW Team
The Small Industries Development Bank of India (SIDBI) has announced a strategic partnership with C2TREDs and U GRO Capital to enhance financing optio... |
| 02.08.2024 | Sidbi Joins C2treds, UGRO to Boost MSME Credit
Soshe Power Secures EPC Contract for Solar Projects
First Solar's Q2 Profit Surges Amid Strong Sales Volumes
Bengaluru Proposes Rs.327 Bn Twin Tunnel Roa... | ECONOMY & POLICY Sidbi Joins C2treds, UGRO to Boost MSME Credit
02 Aug 2024 3 Min Read CW Team
In a significant move to enhance credit access for Micro, Small, and Medium Enterprises (MSMEs), the Small Industries Development Bank of Ind... |
| 01.08.2024 | Trident: Weaving a Tapestry of Triumph | Chandigarh, India
In a realm often dominated by balance sheets and market shares, Trident Group has woven a unique narrative that goes beyond the world of textiles. The company has emerged as a champion of holistic development, with a stead... |
| 30.07.2024 | UGRO Capital, SIDBI ink co-lending partnership | UGRO Capital, a data-tech non-banking financial company (NBFC) has entered into a co-lending partnership with Small Industries Development Bank of India (SIDBI) for lending to micro, small and medium enterprises (MSMEs).
The partnership is ... |
| 30.07.2024 | Working Capital Fintech C2FO Announces Small Industries Development Bank of India as Latest Financier to Join C2treds | C2FO, the on-demand working capital platform, announced that the Small Industries Development Bank of India (SIDBI) is the latest financier to join C2treds.
This national funding platform “enables the early payment of invoices to provide mu... |
| 28.07.2024 | Empowering Women Entrepreneurs: A New Dawn for Indian Startups | In the heart of India’s bustling economy, a quiet revolution is taking place. Women entrepreneurs are stepping into the spotlight, armed with ambition and innovative ideas. The recent launch of the fifth cohort of the Women Startup Program ... |
| 27.07.2024 | A New Dawn for MSMEs: Union Budget 2024 Unveils Transformative Measures | The Union Budget 2024 has arrived like a breath of fresh air for India's micro, small, and medium enterprises (MSMEs). Finance Minister Nirmala Sitharaman has crafted a budget that serves as a lifeline for these businesses, which are often ... |
| 27.07.2024 | The Silent Crisis: MSMEs in India Face Unprecedented Job Losses | In the shadows of India’s economic landscape, a silent crisis brews. The closure of nearly 50,000 micro, small, and medium enterprises (MSMEs) over the past decade has left a staggering 300,000 people jobless. This figure is not just a numb... |
| 27.07.2024 | TReDS scheme will grow to become a game-changer, says Kotak Mahindra Bank | The Budget 2024-25 has a lot for MSMEs – a new credit guarantee scheme, bringing more companies under the TReDS platform, more SIDBI branches in MSME clusters, etc.
To discuss these in detail, businessline caught up with Shekhar Bhandari, P... |
| 26.07.2024 | IVCA's Climate and Sustainability Council 2024–26 to Catalyse a Green Investment Revolution in India | New Delhi, Delhi, India
India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), today introduced the new Climate and Sustainability Council for the term 2024-26. The council will be co... |
| 26.07.2024 | 300,000 people left jobless in 10 years post-closing of 49,000 MSMEs
India to reach 300 MT by 2030 in steel production; Deloitte & ISA | ECONOMY & POLICY 300,000 people left jobless in 10 years post-closing of 49,000 MSMEs
26 Jul 2024 3 Min Read CW Team
The closure of nearly 50,000 micro, small, and medium enterprises (MSMEs) over the past decade has left over 300,000 pe... |
| 23.07.2024 | Budget 2024: A big push for MSMEs | The Union Budget has given a leg-up to MSMEs (micro, small and medium enterprises) via proposals to introduce a credit guarantee scheme for facilitating term loans for purchase of machinery and equipment without collateral or third-party gu... |
| 23.07.2024 | Union Budget 2024: FM Nirmala Sitharaman Gives Boost to MSMEs Finance Minister Nirmala Sitharaman announced the Budget for 2024, giving a significant boost to MSMEs through a self-financing guarantee ... | Finance Minister of India, Nirmala Sitharaman, on Tuesday, presented the Budget for 2024-25 facilitating Micro, Small, Medium Enterprises (MSMEs) in coverage funds. This budget provides special attention to MSMEs and manufacturing, particul... |
| 15.07.2024 | Excitel co-founder, others float J&K-focused startup fund | Vivek Raina | Credit: LinkedIn
Internet services provider Excitel’s co-founder Vivek Raina along with six other startup executives have floated an early-stage incubator fund, which will focus on startups in Jammu & Kashmir.
The incubato... |
| 14.06.2024 | CredAble's Remarkable Journey in the Fintech Landscape: A Story of Growth and Empowerment | In the fast-paced world of fintech, CredAble has emerged as a shining star, securing Rs 30 crore in debt funding from SIDBI to fuel its expansion and support MSMEs and women-led businesses in India. Founded in 2017 by the visionary duo of N... |
| 13.06.2024 | CredAble Receives INR 30 Cr from SIDBI to Support MSMEs and Women-Led Businesses The Axis Bank-backed lender aims to use the funding to expand its operations and bridge the funding gap for MSMEs and w... | Working capital fintech platform CredAble has announced the raising of INR 30 crore in debt funding from the Small Industries Development Bank of India (SIDBI) to scale up its operations and support MSMEs and women-led businesses in India.
... |
| 13.06.2024 | Fintech startup CredAble raised Rs 30 Cr from SIDBI | CredAble, a fintech startup, has secured debt funding from SIDBI totalling Rs 30 crore ($3.6 million).
CredAble stated in a press release that the fund will be utilized to expand its operations and provide MSMEs and women-led businesses in ... |
| 29.05.2024 | Former KKR India Head Sanjay Nayar’s Startup Fund Hits Final Close Of Maiden Vehicle | SUMMARY
Key backers of the fund include KKR cofounder Henry Kravis, the Munjal family from Hero Group, and the Banga family of Hong Kong-based The Caravel Group
The fundraise also saw participation from the SIDBI-sponsored Fund of Funds for... |
| 21.05.2024 | SanchiConnect, YourNest Launch Deeptech Accelerator With INR 30 Cr Corpus | SUMMARY
The programme will invest in the deeptech hardware or software domains, particularly startups building core intellectual property.
The accelerator programme aims to provide $500K-$1 Mn in funding to 5-8 selected startups.
Coinciding... |
| 08.05.2024 | AI Startup Myelin Foundry Secured $4 Mn in a Fresh Funding Round Led by SIDBI Venture Capital | Deep tech AI startup Myelin Foundry has secured $4 million in a new funding round from SIDBI Venture Capital Limited (SVCL). The funding round also saw participation from several investors, including Endiya Partners, Pratithi Investment Tru... |
| 01.05.2024 | Defence startups need low-cost finance, mentoring, support from big players: Defence Secretary | Defence Secretary Giridhar Aramane said that the startups working in the Defence space require low-cost financial support and mentoring. The Government, which has begun large-scale indigenisation of defence products and technologies, is enc... |
| 22.04.2024 | Dhruva Space Secures Funding for Space Expansion | Dhruva Space, a space engineering solutions provider based in Hyderabad, has successfully closed its Series A funding at ₹123 crore. The funding, which includes equity and debt, will support the industrialization and manufacturing of Dhruva... |
| 22.04.2024 | Dhruva Space closes Series A round funding at ₹123 crore | Dhruva Space, a space engineering solutions provider, successfully closed its Series A funding at ₹123 crore.
“This funding round is a testament to the international recognition of Dhruva Space’s capabilities and long-term impact. Our visio... |
| 06.04.2024 | SIDBI Partners KarmaLife To Offer Micro Loans To Gig Workers | SUMMARY
KarmaLife will provide small enterprise loans to gig workers and support their financial inclusion to formal institutional credit
KarmaLife operates in a B2B2C model and has partnered with 50+ organisations, including Flipkart, Elas... |
| 04.04.2024 | Indian VC firm bets on sports tech, gaming with $42m fund | GamingInvestmentsNews
Lokesh Choudhary · 1h ago · 2 min readIndian VC firm bets on sports tech, gaming with $42m fund
Photo Credit: Centre Court Capital
According to a report by PricewaterhouseCoopers, the global gaming industry could be wo... |
| 04.04.2024 | Centre Court Capital launches $42 million sports, gaming tech fund | ETtech
JSW Steel managing director Sajjan Jindal’s family trust has joined as the anchor investor for venture firm Centre Court Capital's maiden Rs 350 crore fund.
The gaming and sports-focused firm said it has already received Rs 200 crore... |
| 03.04.2024 | Celebrating 34 Years of Empowering Entrepreneurs: SIDBI Marks Another Milestone | Mumbai, Maharashtra, India
Small Industries Development Bank of India (SIDBI) proudly commemorates 34 years of fostering entrepreneurship, innovation, and economic growth in India. Since its inception in 1990, SIDBI has been instrumental in... |
| 29.03.2024 | ETtech Deals Digest: Startup funding in March falls 37% to $623 million | ETtech
Technology startups logged a total funding value of about $622.5 million in March 2024, down 37% from the same month a year ago.
Startups across stages, mostly early and late, raised the funds across 63 rounds. In March last year, th... |
| 12.03.2024 | SIDBI Secures USD 120 Mn for First Green Climate Fund Project The Avaana Sustainability Fund Project is a step toward SIDBI's goal of using green and climate finance to significantly alter the world w... | - |
| 11.03.2024 | SIDBI Secures First Green Climate Fund Project This project marks the success of first project anchored by SIDBI including first secured for India in the past few years by an Indian Accredited Entity. | - |
| 11.03.2024 | Hon'ble Union Minister of Finance, Smt. Nirmala Sitharaman, was Presented with Two Valuable Books by Shri S. Ramann CMD, SIDBI | New Delhi, Delhi, India
The Hon’ble Union Minister of Finance, Smt. Nirmala Sitharaman, heralded for her unwavering commitment to fostering economic growth and stability, was presented with two insightful books by, Shri Sivasubramanian Rama... |
| 10.03.2024 | The Ayurveda Experience: A Journey of Growth and Expansion | The Ayurveda Experience (TAE) has secured a whopping $27 million in funding led by Jungle Ventures, a Singapore-based VC firm. This direct-to-consumer brand, known for its Ayurvedic products, is on a mission to deepen its brand presence and... |
| 09.03.2024 | Fund Of Funds Commits INR 9,500 Cr To Aid Startups: SIDBI Chairman | SUMMARY
Addressing the TiEcon Delhi 2024, Ramann said that this commitment has led to over 100 AIFs raising more than INR 56,000 Cr
The SIDBI led fund has already backed startups hailing from industries such as deeptech, agritech, healthtec... |
| 08.03.2024 | The Ayurveda Experience raises $27 Mn in Series C led by Jungle Ventures | The Ayurveda Experience (TAE), a direct-to-consumer skincare and nutrition brand, has raised $27 million in a Series C round led by Jungle Ventures, a Singapore-based VC firm focussed on early-growth stage companies in India and Southeast A... |
| 23.11.2023 | "MSME & Start-Up Stakeholder Consultation Meet" SIDBI Should Grow 3x - Speaks Secretary, DFS, MoF, GoI | Gurugram, Haryana, India
SIDBI, organised an Outreach programme "MSME & Start-Up Stakeholder Consultation Meet" on November 21, 2023, at Gurugram, Haryana. The program witnessed participation of more than 350+ Startups / MSMEs... |
| 09.09.2023 | SME Finance Forum Gears up for Global SME Finance Forum 2023 in Mumbai, India between September 12-14, 2023 | Mumbai, Maharashtra, India
SME Finance Forum was established by G20 Global Partners for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance.
This year the Global SME Financ... |
| 06.09.2023 | SIDBI startup fund led Rs 50 Cr received by alternative investment firm Anicut | The Small Industries Development Bank of India (SIDBI) has agreed to invest Rs 50 crore in Anicut Capital’s alternative investment vehicle, the Anicut Equity Fund. The Fund of Funds for Startups (FFS), established by the Indian government a... |
| 24.02.2023 | Amazon to join India’s ONDC network | Team TC 24 Feb, 2023
E-commerce giant Amazon announced on Friday that it will join the Indian government’s ONDC (Open Network for Digital Commerce) platform and as part of its initial collaboration will integrate its Smart Commerce and logi... |
| 18.11.2022 | Launch of Delhi NCR Incubator Network under SIDBI Cluster Intervention Program | Noida, Uttar Pradesh, India
SIDBI as part of its Cluster Intervention program has established Delhi NCR Incubator Network to create a conducive startup ecosystem aiming at addressing cluster challenges by enhancing the existing capacities o... |
| 17.05.2022 | Will SIDBI’s Accelerated Drawdowns For AIFs Ease Startup Funding? | SIDBI-backed AIFs would be allowed “accelerated drawdowns” of funds under FFS, enabling enhanced capital deployment to startups
SIDBI has also proposed to pass on additional returns to investment managers if the IRR crosses a particular rat... |
| 06.02.2022 | SIDBI Signs MoU with CDAC to strengthen Cyber Security capabilities | Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small & Medium Enterprises (MSMEs),, today signed a Memorandum of Understanding (MOU) ... |
| 21.05.2020 | Sidbi receives Rs 15 cr from UP govt for startup fund | MUMBAI: Small Industries Development Bank of India (Sidbi) on Wednesday said it has received Rs 15 crore from the Uttar Pradesh government as the first tranche towards the UP Start-up Fund.
The initial corpus of the fund, set up to promote ... |
| 20.05.2020 | Sidbi receives Rs 15 cr from UP govt for startup fund | Mumbai, May 20 () Small Industries Development Bank of India (Sidbi) on Wednesday said it has received Rs 15 crore from the Uttar Pradesh government as the first tranche towards the UP Start-up Fund.
The initial corpus of the fund, set up t... |
| 27.01.2020 | Closing time! India’s Ankur Capital holds $33m first close of second fund | Ankur Capital — a Mumbai-based impact investment firm with a strong emphasis on Indian agri-food tech — has announced a first close on $33 million for its Ankur Capital Fund II (ACF II). Investors at the firm say they expect to reach a targ... |
| 08.07.2018 | Sidbi commits $29m to four funds to support startup financing | Premium
The Small Industries Development Bank of India (Sidbi) on Friday tweeted that it has committed Rs 200 crore under the Fund of Funds Scheme (FFS) to four alternative investment funds (AIFs) namely Omnivore Partners India Fund 2, TVS ... |
| 12.02.2018 | India-Focused Agtech VC Omnivore Partners Holds First Close on $46m for Second Fund | Omnivore Partners has announced the first close of its second fund, Omnivore Partners India Fund 2, on $46 million.
Omnivore, which calls itself an “impact venture fund” is solely focused on agtech investments in India, and investors (LPs) ... |
| 19.01.2018 | SIDBI Venture Capital sets up Rs 400-crore State-specific funds for Bengal, Maharashtra | To fund start-ups, micro, small and medium enterprises
SIDBI Venture Capital Ltd (SVCL), the wholly-owned asset management company and a subsidiary of Small Industries Development Bank of India (SIDBI), has set up two State-specific funds -... |
| 27.02.2017 | SIDBI expert panel sanctions Rs 1,112 cr to funds for startups | An expert committee set up by SIDBI has sanctioned Rs 300 crore to fund managers who would invest in startups, taking the total sanctions so far this fiscal to over Rs 1,100 crore, the government said today.
During fiscal year 2014-15 and 2... |
| 26.06.2012 | Development bank SIDBI venture arm closes $105m fund | The venture capital arm of The Small Industries Development Bank of India (SIDBI) has closed an INR6bn ($105m) fund to f |
| 16.06.2009 | SIDBI Venture Capital Raising Rs 1,000 Cr Third Fund | SIDBI Venture Capital (SIDBI VC) Ltd, a state-owned venture capital firm dedicated to small and medium enterprises, is raising its third fund, targeted at a corpus of Rs 1,000 crore ($250 million). It has also appointed Harsh Kaul, the form... |
| - | Centre’s Startup-Focused Fund Set Up In 2016 Yet To Be Operational | The Centre’s Credit Guarantee Fund (CGF) to boost startup growth in the country by providing funding facilities is yet to be operational, minister of state of commerce and industry, C. R. Chaudhary said in a written reply to a question in t... |
| - | SIDBI Sanctions Requests Of 9 Funds – Allocates $45 Mn More From Fund Of Funds In FY ’17 | The Small Industries Development Bank of India (SIDBI) has cleared sanction requests from nine funds aggregating to about $45 Mn (INR 300 Cr).
During FY ‘15 and FY ‘16, sanctions were given to 11 funds (INR 314 Cr) and 16 funds (INR 607 Cr)... |
| - | 50+ Startup Schemes By The Indian Government That Startups Should Know About
The Startup Schemes By Indian Government
Editor’s Note | The Indian government has introduced over 50+ startup schemes in past few years. Each startup scheme is missioned towards boosting the Indian startup ecosystem.
Consider this. Close to 4,400 technology startups exist in India and the number... |
| - | 3 Years After Nod, UP Govt Issues First Tranche Of INR 1,000 Cr Startup Fund | Uttar Pradesh chief minister Yogi Adityanath, on May 20 (Wednesday), issued the first tranche of INR 15 Cr to Small Industries Development Bank of India (SIDBI) for the INR 1,000 Cr Startup fund.
The fund was established under the UP IT and... |
| - | SIDBI Venture Capital raises Rs 285 Cr for its Rs 500 Cr Ubharte Sitaare Fund | Homegrown venture capital firm SIDBI Venture Capital Limited (SVCL) on Wednesday announced the first close of Rs 285 crore for its Rs 500 crore Ubharte Sitaare Fund (USF).
According to a statement, USF is an MSME-focused CAT II AIF, looking... |
| - | Inflexor Ventures Closes Second Fund At INR 600 Cr; Plans To Invest In 25 Startups | Venture capital firm Inflexor Ventures announced that it has marked the final close of its fund at over INR 600 Cr, surpassing its initial domestic target corpus of INR 500 Cr. Inflexor Technology Fund (“the Fund”) was launched in early 202... |
| - | Startup Policy Rundown: Indian Govt Releases Draft Ecommerce, Drone, Epharma, FAME II Policies And More | The Personal Data Protection Bill, the ecommerce and epharma policies, the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME II) scheme, the Drone Regulations 1.0…the Indian government seems to have been w... |