SIDBI

Business News

Sitharaman Unveils New SIDBI Schemes for MSME Financing

The initiatives include the SIDBI RRB Co-Lending Portal, SIDBI MachFin Mart, the MoRE (Modernisation of Rural Enterprises) programme, and a Credit Cards for Micro Enterprises scheme introduced by the Department of Financial Services.

By Entrepreneur Staff

Business News

DPIIT Issues Guidelines for INR 10,000 Cr Startup India Fund of Funds 2.0

By Entrepreneur Staff

Business News

Cabinet Approves INR 5,000 Cr Equity Infusion Into SIDBI to Boost MSME Credit

By Entrepreneur Staff

Business News

Specialty Chemicals Startup Atomgrid Secures USD 7 Mn Funding

By Entrepreneur Staff

Business News

Centre Court Capital Closes Maiden Fund at INR 410 Cr

The Mumbai-based firm will invest in sports, fitness, wellness and social gaming startups with INR 8–24 crore tickets, targeting 15–18 deals and reserving substantial capital to lead or co lead follow-on rounds.

By Entrepreneur Staff

Business News

SIDBI and Bank of Baroda Sign MoU to Boost Credit Support for MSMEs and Startups

The collaboration seeks to improve access to working capital, long term financing and export opportunities.

By Entrepreneur Staff

Business News

Avaana Capital Draws First Tranche of GCF’s USD 24.5 Mn Investment to Boost Deep Tech Innovation

This milestone is anchored by the Small Industries Development Bank of India (SIDBI), under the guidance of the Department of Financial Services (DFS).

By Entrepreneur Staff

Business News

Why are MSMEs Still Unable to Access Newer Markets?

Roughly 70 per cent of MSMEs continue to prefer conventional methods of customer engagement, while only 13 per cent have adopted social media-based digital marketing

By Aditya Pran Mahanta

Business News

Govt to Prioritise New-Age Tech and AI Startups Under INR 10,000 Cr Fund of Funds

SIDBI will continue its role of deploying capital to SEBI-registered Alternative Investment Funds (AIFs), which subsequently invest in eligible startups.

By Entrepreneur Staff

Business News

SIDBI and AFD, France Partner to Boost Green Finance for Indian MSMEs with USD 100 Mn Credit Facility

The collaboration aims to promote sustainability by enabling MSMEs to transition towards energy-efficient technologies and climate-friendly business models.

By Entrepreneur Staff

Business News

Avaana Capital Completes Final Close of USD 135 Mn Climate and Sustainability Fund

The fund is backed by Green Climate Fund (GCF), DFC, UKIDCF, SRI Fund, SIDBI, Azim Premji Trust, and corporate supporters, marking GCF's first direct investment in India.

By Entrepreneur Staff

Business News

Pioneering India’s Tech Investment Landscape: IIMA Ventures

IIMA's investment thesis revolves around ideas for solving larger problems in the deep-tech, inclusive-tech, and climate-tech spaces at the earliest stages of their journey.

By Minakshi Sangwan

Business News

Green Climate Fund Grants SIDBI USD 215.6 Mn to Support Indian MSMEs’ Climate Initiatives

The program aims to help micro, small, and medium enterprises (MSMEs) in India adopt low-emission and climate-resilient technologies, contributing to the country's Net Zero targets.

By Entrepreneur Staff

Business News

Sorin Investments Announces INR 1,350 Cr Early-Stage Maiden Fund Closure

The Mumbai-based VC firm is aiming to invest in startups looking to raise Series A and B funding across tech and tech-enabled business sectors.

By Paromita Gupta

Business News

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 while promoting India's Nationally Determined Contributions.

By Paromita Gupta

Business News

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.

By Paromita Gupta

Business News

SIDBI To Raise INR 10,000 Crore To Expand Equity Capital

As per reports, the central government owns 20.8% in Sidbi, while State Bank of India holds 15.65% and Life Insurance Corporation 13.33%

By Teena Jose

Business News

Anicut Equity Fund Receives Investment of INR 50 Crore From SIDBI FFS Initiative

The Fund of Funds for Startups (FFS) is an INR 10,000 crore initiative launched under the Startup India Initiative of the Government of India in January 2015

By Teena Jose

Business News

GAME And SIDBI To Launch NBFC Growth Accelerator Program For MSMEs

The first phase of the program involves design of a comprehensive, actionable, granular report with the programme structure, piloting strategy, and implementation plan for NGAP by GAME

By Teena Jose

Business News

Credit Fintechs Clocked Highest Growth Among Lenders in 2019: Report

As per a joint report by Equifax and SIDBI, portfolio outstanding of fintech companies has grown by 92 per cent from Dec'18 to Dec'19, the highest growth rate compared to other lender types

By Shipra Singh

Business News

MSMEs Optimistic on Employment but Crestfallen About the Broader Economic Outlook

"MSMEs can't decouple from the broader economic trends," states SIDBI Chairman & Managing Director Mohammad Mustafa

By Aastha Singal

Business News

Move Beyond the VCs for Funds

The government of India is providing alternatives to funding for start-ups

By Sanchita Dash