Insights

SIDBI To Offer MSME Loans Through Fintechs, Partners With DLAI

Opportunity India Desk Sep 25, 2023 - 2 min read

The Small Industries Development Bank of India (SIDBI) has signed an agreement with the Digital Lenders Association of India (DLAI) to propel the growth of the fintech sector in the country. The agreement calls for cooperation with SIDBI to create standard protocols to hasten the implementation of digital lending partnerships, such ...

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Impact of Economic Downturns on Startup Financing: Lessons from Past and Strategies for Future

Opportunity India Desk Sep 22, 2023 - 5 min read

Startup financing is a tricky business, even in the best of times. Economic downturns can compound the difficulty, making access to capital hard and leading to questions about the sustainability of the startup ecosystem. When businesses experience economic downturns, one of the sectors that suffers most is startup financing. During recessionary times, venture ...

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Axis Bank’s ‘NEO For Business’ Offers Beyond Banking Solutions To MSMEs

Opportunity India Desk Sep 22, 2023 - 2 min read

Axis Bank has launched its 'NEO for Business' banking platform for the micro, small, and medium enterprises (MSMEs). It is an all-in-one platform for banking & beyond banking business needs of MSME customers. The service aims at providing a hassle-free business banking experience by combining features from banking to invoicing, bulk payments, payment ...

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Euler Motors, SIDBI Collaborate to Drive EV Adoption with “Mission 50K-EV4ECO”

Opportunity India Desk Sep 22, 2023 - 2 min read

Euler Motors, a commercial electric vehicle company on Friday collaborated with the Small Industries Development Bank of India (SIDBI) for the visionary “Mission 50K-EV4ECO” programme, aimed at catalysing the entire EV value chain, the company said. According to the press release, this strategic partnership aims to revolutionize the electric vehicle financing ...

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Ola EVs Replace ICE Support At MotoGP Bharat

Opportunity India Desk Sep 22, 2023 - 2 min read

Ola Electric will provide a fleet of its revolutionary S1 scooters for use during the three-day MotoGP event being held from September 22- 24, as part of strategic partnership with the Buddh International Circuit (BIC), Great Noida, the company said. According to ...

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Government of Rajasthan, USAID, and Room To Read Promote Early Grade Reading In State

Opportunity India Desk Sep 22, 2023 - 2 min read

In order to promote reading skills and reading habits among children, the United States Agency for International Development (USAID) and Room to Read India published 27 children’s storybooks in collaboration with the Rajasthan State Council of Educational Research and Training (SCERT) on Friday. These age-appropriate, high-quality storybooks - nine books each ...

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Leverage Raises Funds, Eyes Southeast Asia Market

Opportunity India Desk Sep 22, 2023 - 2 min read

Leverage – a global study abroad platform which includes LeverageEdu, Fly.finance, and Fly Homes has raised an undisclosed amount of funding from Thailand’s largest publicly listed company, Family Office of Aloke and Suchitra Lohia. According to the official statement, the proceeds from this funding will assist Leverage Edu to expand to ...

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Tata Motors Charges Up Nepal With Launch Of New Ace EV

Opportunity India Desk Sep 22, 2023 - 3 min read

Taking a significant leap forward in promoting sustainable mobility, Tata Motors, one of the world’s leading commercial vehicle manufacturers on Friday launched new, revolutionary Ace EV in Nepal, with its authorised distributor, Sipradi Trading Pvt. Ltd, the company said. The new Ace EV, an advanced, zero-emission, four-wheel small commercial vehicle (SCV), ...

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Amazon Business to offer instant credit to MSMEs

Opportunity India Desk Sep 22, 2023 - 3 min read

Amazon Business has announced its integration with instant credit service 'Amazon pay later' for easy credit facility to eligible businesses customers. The move will provide assistance to the customers with efficient online procurement of goods. Amazon Business is a B2B retail service platform that successfully completed six years in the country. The service provider had ...

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SMEV Writes To Govt, Questions Need For FAME II Subsidies For Loss Makers

Opportunity India Desk Sep 22, 2023 - 3 min read

The Society of Manufacturers of Electric Vehicles (SMEV) has written to the Union Finance Minister, Nirmala Sitharaman raising questions on the need for additional funds under FAME II scheme. According to the SMEV, the government had earlier allocated INR 2,000 crore for the electric two-wheeler sector to achieve subsidising a million ...

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