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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.

Tech

Updated: Power2Sme Targets Break Even in 2014; Confirms $6 mn Series B

There was speculation that the company had raised $6 mn in April. However, at the time, Accel Partners had only made a strategic investment in Power2Sme.

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.

Indian Startups

Why R Narayan, the founder of Power2sme thinks he will have a $1 billion company in five years

The Venture Capitalists who invested in me did a detailed analysis of the market. They couldn’t find a competitor in India. A similar business model exists only in Russia. In June, we did business worth Rs 15 lakh. In December we did Rs 5 crore. In FY14, we are looking at a business of Rs 240 crore.

Tech

Gurgaon based power2sme raises Rs 10 cr from Inventus Capital Partners

Power2sme helps small and medium entreprises to cut purchase costs with the help of experienced professionals. The company aggregates the demand of hundreds of SMEs that enables the company to obtain the best possible pricing for their procurement needs.

Indian Startups

Accel Closes $450mn India Fund !

Accel portfolio includes BookMyShow, BlackBuck, BlueStone, CommonFloor (Quikr), Flipkart, FreshDesk, Mitra Biotech etc.

Tech

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.

Indian Startups

Accel Launches $305mn Indian Fund To Back Early Stage Startups

Accel is launching Accel India IV, a $305 million fund that like prior funds will invest in very early stage companies. The fund will also continue to (selectively) pursue growth…

Tech

Union Budget 2015: Indian Entrepreneurs Speak Up

Seems like the Indian entrepreneur community is as pumped as the government to make India a better place to do business

Entrepreneurship

Lessons from Indian Serial Entrepreneurs Who Inspire

We put together a quick list of some of the sharpest serial entrepreneurs of our times. Take a look!

Indian Startups

Meet. India’s Most Promising Startups [The 2013 NextBigWhat List of 100+ Indian Startups]!

Here goes THE NEXTBIGWHAT list of NEXTBIGWHAT in Indian Startups space. You can’t ignore them.

Indian Startups

The Great Indian Startups of 2012 [The Dabangg Edition]

Indian startups have come of age. Like every year, we bring together India’s most amazing startups that were spotted. This year was a big year for startups with lots of great moves. Take a look some of the greatest startups of India from 2012.

Tech

SME marketplace Indiamart.com claims 10,000 signups for its “buy seen lead” feature

Indiamart.com, the marketplace for small and medium sized business which introduced a feature through which businesses could buy sales leads from the site on a pay per “seen lead” basis…