Gurgaon Based Power2SME Secures Funding From Nandan Nilekani

Infosys co-founder Nandan Nilekani has invested an undisclosed amount in Power2SME. It will help the company broaden its product portfolio, strengthen vendor relationships and technology platform and mobile app. Existing investors Accel Partners, Kalaari Capital and Inventus Capital participated in the round.

Power2Sme raises $6 mn from Accel Partners

The company declined to comment on the amount of funding. However, a spokesperson said that the funding happened last week. Accel Partners has not commented on the deal so far.

Bank of Baroda Partners With 7 FinTech Startups

Running up to its 109th Foundation Day, this a first of its kind initiative for a public sector bank to partner with companies operating across diverse areas of SME financing, algorithmic lending, bill discounting, retail lending and wealth management, on a single day. Startups include Fisdom, KredX, FundsTiger, Power2SME, Probe42, IndiaLends and CreditMantri.