Tag: SME

Business

New Jaisa Technologies Ltd Files Draft Prospectus with NSE Emerge for IPO

Aug 8, 2023 by Neel Achary 0 Comments #Consumers, #Finance, #investors, #laptops, #MSME Entrepreneurs, #Refurbish, #SME

August 8, 2023, Bengaluru: New Jaisa Technologies Ltd, a full-stack Direct-to-Consumer (D2C) electronics brand headquartered in Bengaluru, today announced that it has filed its Draft Prospectus with NSE Emerge for an Initial Public Offering (IPO). This development is a milestone for the rapid-scaler start-up founded in 2020. NewJaisa Technologies aims to be the market leader in providing best-in-class, quality-checked refurbished electronics at affordable and economical prices.

IPO NewJaisa Technologies

The raised capital shall be strategically allocated towards expansion of facility and building an omnichannel proprietary framework for process-oriented refurbishment.

Commenting on the IPO filing, Mr. Vishesh Handa, CEO, and Co-Founder of New Jaisa Technologies Ltd, said, “We are thrilled to reach this significant milestone in our journey. The IPO will allow us to further expand our operations, strengthen our market position, and enhance our product offerings. We believe that this will be a great opportunity for investors to be a part of our growth story and share in our success.”

Indorient Financial Services Limited is the lead manager for the proposed IPO and Pooja EquiResearch Pvt Ltd, Mumbai is acting as the advisor to the Company.

For more information, please visit newjaisa.com

Business

Techknowgreen Solutions Limited (TSL) announces filing of the Draft Prospectus with SME platform of BSE for its Initial Public Offering

Aug 8, 2023 by Neel Achary 0 Comments #Environment Compliance, #Investor, #IPO News, #MSME Entrepreneurs, #Net Zero, #SME

PUNE, India, August 8, 2023: Techknowgreen Solutions Limited (TSL), an environmental compliance and consulting company, headquartered in Pune has filed the Draft Prospectus with the SME Platform of BSE Limited (BSE SME). This event marks a significant step in the company’s journey as it seeks to raise capital to accelerate its mission of delivering innovative and sustainable environmental solutions to clients pan-India and internationally.

Techknowgreen Solutions Ltd IPO

The IPO proceeds will be utilised to fund the company’s strategic growth initiatives, including investment in research and development, investment in infrastructure facility, strengthening the organisation’s ecosystem by hiring experienced resources, repayment of bank facility and general corporate purposes.

Dr Ajay Ojha, Founder and Managing Director of Techknowgreen Solutions Limited., said, “We are thrilled to announce the filing of our Draft Prospectus with the esteemed SME platform of BSE Limited. This brings us closer to realising our vision and strengthening our belief that becoming a public listed entity will enable us to drive innovation and better serve our clients.”

TSL’s key service offerings include Consulting – Regulatory | Sustainability, Technology – Execution | Info Tech and Research – Policy | Engineering. The Firm has diverse experience in handling complex environmental projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and projects of national/state governments.

Indorient Financial Services Limited, is the lead manager for the proposed IPO and Pooja EquiResearch Pvt Ltd, Mumbai is acting as the advisor to the Company.

About Techknowgreen (TSL) : http://www.techknowgreen.com/index.php

Business World

Visionet India launched ‘Field Catalyst’- Unified platform to engage Field Mobility

Nov 16, 2020 by Gouri Achary 0 Comments #Field catalyst, #Field Mobility, #FOS, #Mr. Alok Bansal, #SME, #Visionet India

 

Visionet India, premier technology solutions and business process Management Company have launched Field Catalyst- A single platform to engage all business stakeholders by automating field programs & deriving insights to ensure alignment of field activities with business priorities in the Manufacturing and distribution business be it Field Sales ecosystem, business managers & distributors, or retailers.

The current scenario has forced most of the manufacturing and distributor companies to think about how to manage their field force ecosystems effectively and the marketing spends they are making on-field activities are in line with business priorities or not.

At Visionet, our SMEs ascertained that in a post-covid world, all companies will look for a solution that is viable in terms of engagement and gives better visibility on business activities aligned to business priorities. People will keep working from remote places, the distribution universe is too diverse to be physically reached out by all the business stakeholders, but the FOS deployed in each corner could be managed as per business demands on day to day basis. Similarly, field activities could be planned and monitored at a single window in tune to business, yielding better results for the organization. In response, we came up with a solution called Field Catalyst.

Field catalyst is a one-stop solution for improvised field force automation, field ecosystem collaborators (a collaboration between field force, retailers, distributors, and end-users) & field insights, and analytics.

Features which set Field catalyst apart are-

· Real-time monitoring- Enhanced productivity

· Ecosystem alignment- Distributors, retailers & sales officers on one platform

· Data analytics- Offline data collection negating the data loss

· Attendance monitoring- Geotagged, timestamped selfie based attendance.

· On the go approval- on the go leave and expense approvals

· Pro-active management alerts- Better governance and real-time business decisions

On the launch of Field Catalyst, Mr. Alok Bansal, MD & Country head Visionet India, said “We came across many use cases where people were looking for a one-stop solution to managing field force, getting insights for business decisions, and deciding for business activities in line with business priorities and we came up with the idea of “Field catalyst”- which is a complete package for all these problems. It is ready to use, reliable as it is tested thoroughly at multiple stages, and could be customized as per client need.”

“The solution is created in a way that it could be used on all platforms, it is usable on mobile, web, and integration to any CRM is very easy to implement.”

Business World

BharatPe appoints Ex-Union Bank Chairman ‘Kewal Handa’ as Independent Director

Nov 5, 2020 by Gouri Achary 0 Comments #Ashneer Grover, #BharatPe’, #Mr. Ashneer Grover, #Mr. Kewal Handa, #SME

BharatPe, India’s largest merchant payment company, today announced the appointment of Kewal Handa as an Independent Director. Formerly associated with Union Bank of India and Pfizer, Mr Handa will be joining the Founders – Ashneer and Shashvat, Jitendra Gupta (ex PayU) and Micky Malka (Ribbit) on the Board of BharatPe. He will be mentoring and advising BharatPe on its overall business strategy as it expands across markets and product categories.

With demonstrated leadership and excellence in guiding companies to scale up its positions, Mr Handa has diverse experience in Finance, Commercial, Strategy and Business Development, Corporate Affairs etc. He was the Managing Director of Pfizer Limited, India from 2005 to 2012. Kewal has also been Independent Director at ING Vyasa Bank.

Accorded with various national and international awards, his induction to the Board is in line with BharatPe’s effort to strengthen its leadership team to aggressively capture market opportunities. The company has been launching new product and services aimed at enabling merchants to grow their business. It has recently announced its plan of disbursing loans of Rs. 1,000 crores to small merchants across the country in this financial year.

Said Mr. Ashneer Grover, Co-Founder & CEO, BharatPe, “We are pleased to welcome Mr. Handa on our board. His guidance and banking experience will accelerate our financial services business to the next level. In the current scenario, we are aggressively strengthening our lending and payment offerings, and his insights will be of great value in shaping the right strategies for the brand as we scale up. We are confident that Kewal’s diverse experience in building global businesses will help us create a credible and profitable business.”

On his appointment, Mr. Kewal Handa said,” I am delighted to be part of BharatPe which has already carved its niche in offering digital payment and lending solutions to merchants. BharatPe is already the 4th largest UPI player in India and largest lender in the SME segment. The new normal has augmented the demand for contactless payments in the country and I believe it is the best time to capitalize on it.”

BharatPe has been bolstering its leadership team with hires from the industry. In the recent past, the company has made key hiring at its CXO level including Suhail Sameer as the Group President.

Business World

Fintech platforms helping SME’s to stock up easily this festive season.

Oct 14, 2020 by Gouri Achary 0 Comments #festive season, #Fintech, #SME

It is that time of the year again! The festive season from October-January has been talismanic for the Indian economy. Cash flow is always the biggest challenge faced by the SME and MSME sector, especially during the festive season. As sales increases, more and more inventory needs to be financed. Thus time-sensitive working capital needs have to be assessed across inventory, payables and receivables. However, given the effects of economic slowdown reaching even small businesses, finding the funds to stock up is a challenge.

Fortunately, they have the divine, rather digital weapon of fintech by their side.

Hereby enclosing fintech platforms, helping small businesses to stock up easily this festive season:

1. Indifi Technologies: Indifi Technologies is a Gurgaon-based NBFC licensed for debt-financing platform for small businesses. With credit underwriting, technology and partners being the strong pillars, they have launched new products- early and weekend settlement to ensure timely credit to the merchants especially in the festive season. It aims to substantially improve the experience for borrowers regarding credit access as well as speed and convenience of the loan process. Driven by the idea of expanding access to MSME financing in India, Indifi has emerged as an enabler for start-ups and small businesses seeking seamless access to funding. Indifi expands the envelope of formal lending by designing the right-fit credit products for MSMEs, improving the standard of risk assessment, and leveraging the supply chain linkages of MSMEs.

2. LendingKart: LENDINGKART Technologies Private Limited is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s creditworthiness and provides other related services. The Company aims to transform small business lending by making it convenient for SMEs to access credit easily. The Company uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately.

3. Flexiloans: FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible & Adequate funds for growing their Businesses. Over 80% of Loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. The platform wish to make the ‘social & alternative scoring of SMEs & Individuals a big opportunity for the economy that will far out place the limited insights that financial bureau provide. Their technology-powered online marketplace is the best model to meet the financial requirements of SME’s who do not have credit history & hence cannot avail loans from traditional banking channels.

4. Capital Float: Capital Float is the leading Fintech lender to digital India. From financing the dynamic growth of the SMEs to offering innovative point-of-sale financing for consumers, we are leading the charge in addressing the country’s enormous credit problem. They offer flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. Borrowers can apply online in minutes, select desired repayment terms and receive funds in their bank accounts in 3 days with minimal hassle.