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Jul 31, 2021 Last year, ICICI Securities joined hands with NSRCEL, by contributing its CSR funds to support promising startups in the fintech space through a structured program. Over 240 fintechs from all over the country applied for the programme. For a pre-incubation program, 25 firms were shortlisted, of which 10 underwent an intensive nine-month incubation journey. Today’s programme formally concluded the programme. The success of the programme could be judged from the fact that during the last nine months even as they were undergoing the incubation programme, the 10 select fintech startups have cumulatively raised Rs 25 crore as VC/angel funding. “These endeavours are crucial at this juncture to leverage benefits from the myriad opportunities available to make Fintech founders future-ready and generate more employment opportunities. By focusing on a particular area with support from highly qualified faculty, talented learners, and industry luminaries, we can c ....
Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
India Inc and startups laud Budget but await details Here are some key reactions from India Inc and the startup ecosystem. 0 claps Good morning Finance Minister Nirmala Sitharaman’s Budget 2021 regarded as one of the most critical in modern Indian history was welcomed by India Inc and Indian startup ecosystem stakeholders, who hailed it as a growth-oriented Budget. Experts lauded the Budget’s focus on rejuvenating capital spending in crucial sectors to fuel demand and accelerate India’s “economic reset,” in the wake of the devastating impact of the COVID-19 pandemic on consumer demand and growth. Image Credits: YS Design Team ....
BEENEXT promotes Hero Choudhary to Managing Partner, Faiz Rahman appointed new Partner Hero’s promotion from Partner to Managing Partner is part of BEENEXT’s regional plan aimed to enhance support to its portfolio. Faiz Rahman is the new Partner for Indonesia Investments. 0 claps BEENEXT, on Tuesday announced that it has appointed Hero Choudhary as Managing Partner.
In a release, the firm said that Hero’s promotion from Partner to Managing Partner is part of BEENEXT’s regional plan aimed to enhance support to its portfolio and help them scale their business toward the growth stage of the startup journey, including potential IPOs in the future. ....
People Digest: Beenext, Schroders, Aimazing make new appointments Faiz Rahman February 2, 2021 Singapore’s Beenext has promoted Faiz Rahman as partner for Indonesia investments; Global investment manager Schroders has added Tim Hallam as a portfolio manager, and Aimazing has appointed Chong Chuan Neo and Ng Eng Ho to its board of directors. Beenext promotes Faiz Rahman, Hero Choudhary Singapore-based venture capital firm Beenext has appointed Faiz Rahman as a partner for Indonesia investments, and also promoted Hero Choudhary from partner to managing partner. Rahman, a graduate of the University of Indonesia, will head the VC firm’s tech investments in the country, largely focusing on pre-seed to Series A funding stages. ....