Indian Angel Network invests in Peel-Works

Indian Angel Network, the first and now Asia's largest Angel network comprising successful Indian entrepreneurs and dynamic CEOs with a passion for early stage businesses, has announced an Angel Investment of Rs. 3.25 crore in Peel-Works, a cloud enabled Sales Force Transformation and BPO Company based out of Mumbai.

Set up by a team of management graduates with extensive experience in the FMCG sector in the Human Resources and Sales Management, Peel-Works  offers customized as well as productized solutions for very large to medium size companies inFMCG, telecom and insurance sector that conduct their business using indirect sales force.

Rs.300 Crore equity for NSIC

The government has decided to infuse an equity of Rs 300 crore into National Small Industries Corporation (NSIC) in the next three years to provide marketing support to small-scale sector. NSIC, a PSU under the MSME Ministry, provides technical, financial and marketing help to small industry.

"In order to strengthen the NSIC and make it an apex organisation for coordination of marketing support programmes for MSMEs, the government has decided to provide an equity support of Rs 300 crore to NSIC in three years," said Virbhadra Singh, Minister forMicro, Small and Medium Enterprises (MSME) Ministry in a written reply to the Lok Sabha.

Intel invests in 10 Asian Companies including Two Indian Companies

Intel Capital, Intel Corporation’s global investment and M&A organization, announced investments of $40 million in 10 Asian companies, including two from India, which reflects the rapid spread of technology innovation across the continent.

The Indian companies include Happiest Minds Technologies and TELiBrahma Convergent Communications.

Headquartered in Bangalore India, Happiest Minds is an innovative IT services company. It offers skills, IP and domain expertise across a set of focused areas which include IT Services, Software Product Engineering, Infrastructure Management, Security, Testing and Consulting.

Ministry to give Incentive on VC funding for MSMEs

The Ministry of MSME has been facilitating venture capital / risk capital assistance to micro, small and medium enterprises (MSMEs) by way of creation of separate funds for the purpose. Small Industries Development Bank of India (SIDBI)’s wholly owned subsidiary, ‘SIDBI Venture Capital Ltd. (SVCL)’ provides venture capital assistance to MSMEs under two funds - an exclusive Information Technology (IT) fund and an SME Growth Fund.

Easy Ways to Woo VCs for Funding Your Biz

Business always requires fund, and the funding types may vary according to the needs and conditions. From the funding angle, a business can be divided into four stages –Seed Stage or Concept Stage, Venture Capital Stage, Private Equity Stage and the finally, Initial Public Offering (IPO) stage.

Venture Capital: 'Icing on the Business Cake'

The terms 'venture capital' and 'start-up company' are like bread and butter. But still the process seems to be mysterious to majority of entrepreneurs that we come across. Everyday new companies are born and for this same reason, entrepreneurs are facing many challenges in the market.