Wednesday, February 21, 2024
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Outlook India
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Msme

Blue Orchard and Tata Capital led the funding round, with participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners

In India, 63.4 million MSMEs, mostly micro-enterprises, must sustain their digital transformation to stay competitive. Initially focused on efficiency, a holistic approach is now vital for continued relevance

The index built on consent-based GST sales data represents a transformative step forward in the evolution of Indian MSMEs

According to Deloitte MSMEs in India are expected to play a significant role in creating the revenue, capacities, and ecosystems required for long-term growth

The G20’s initiatives can be the lynchpin that not only uplifts the MSME sector but also contributes to the formalisation of India’s broader economy

It aims to boost hiring procedures by 60 per cent for SMEs and MSMEs

Manish Tiwary said that the company undertakes a continuous review of its portfolio and we are meeting all relevant markers of profitability

The funding round was led by the Michael and Susan Dell Foundation with wider participation from existing investors including YourNest, Spearhead Capital, 9Unicorns, and AccionVenture Lab

TMB will leverage Jocata’s low-code Digital Lending Platform to drive its digital transformation strategy, providing MSMEs with an end-to-end digital, personalised, and experience-led value proposition

A Shiprocket industry report expects consumer spending on food, housing, apparel, personal care, transport, and communication categories to double by 2030