SME
By NewsByts Team
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Economy, SME, ,

How supply chain financing can resolve capital issues for MSMEs

Micro, Small, and Medium Enterprises (MSMEs) employ approximately 111 million people and account for about 30% of India's GDP. These businesses are known as the backbone of the Indian economy. According to World Bank data, MSMEs are the largest employers in developing countries despite having the least financial and regulatory support. Their ability to survive and thrive is dependent on their ability to obtain sufficient funding. However, banks limit their exposure to MSMEs due to the high cost of service and the risk of lending without adequate…
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Auto, Automobile, Entrepreneurs, SME, , , ,

Hyderabad based EV start-up EVeium launches three electric scooters – COSMO, COMET and CZAR

-        Scooter Price Range between 1.44 Lakh – 2.16 Lakh Approx -        Booking Starts with Just INR 999 , from August 8 2022 at EVeium showrooms in Pune,Hyderabad, Banglore and Calicut.(Ex Showroom) Hyderabad: EVeium, a new EV two-wheeler Brand in India has announced the launch of three new electric scooters- COSMO, COMET, CZAR. All the e-scooters have been launched under the high-speed category. Ellysium Automotives, the Auto arm of United Arab Emirates-based company META4 Group, recently announced the launch of its EV two-wheeler brand in India – EVeium. The scooter price ranges between…
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Economy, SME, Start ups, Technology, , , ,

Clix Group enters into Strategic Partnership with MSME Lending Platform Tezzract; to lend INR1000 crore

Both the companies will build products specifically catering to MSMEs New Delhi: Clix Group (Clix Capital and Clix Finance), a leading non-banking financial services group with a strong pan-India presence, has entered into a strategic partnership with Tezzract Fintech Private Limited, to innovate and bring new age solutions for lending to MSMEs in India. Under this partnership Clix aims to lend an additional INR1000 crore to MSMEs by the end of this year. Clix to disburse an additional INR1000 crore in FY23 Through this partnership, both companies…
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Economy, Entrepreneurs, SME, Start ups, , ,

Electric mobility start-up INDEANTA raises $150,000 in Bridge Round from Ivy Growth Associates and a network of Angel Investors

Delhi, 03 June 2022: Electric mobility start-up INDEANTA raises $150,000 from IvyGrowth Associates and a network of Angel Investors. The round is led by Prateek Toshniwal, Mehul Shah, Nine Spar& others. The fundraise represents a bridge round in their ongoing Pre-Series A round. Having started operations in Dec 2020, Indeanta began with its in-campus mobility services. The brand was India's first & one of the only companies globally to offer multi-modal electric ride-hailing and ride-sharing services for university students. These services include electric buggies, electric motor scooters, electric…
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Business, Economy, SME, , , ,

SMEs remain upbeat on demand revival, according to the ASSOCHAM-Dun & Bradstreet Small Business Confidence Index

 Confidence amongst India's small businesses remains high with an overwhelming majority of the SME executives expecting improvement in the second quarter of 2022 on most of the parameters including sales, capacity utilisation and hiring, according to the ASSOCHAM-Dun & Bradstreet Small Business Confidence Index (SBCI). The index, which measures the level of optimism of small and medium businesses on key business parameters such as sales, employment, prices, inventory and investment, stood at 87 in Q2 2022.  An index value above 50 signals an improvement or increase in the forthcoming quarter…
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