Indian Bank to fund debt capital to IIM Bangalore startups
3 years, 4 months ago

Indian Bank to fund debt capital to IIM Bangalore startups

Live Mint  

New Delhi: The Indian Institute of Management, Bangalore has tied up with Indian Bank to fund debt capital to its startups. The move will help startups get working capital and growth capital without diluting equity early in their life cycle. Venkatesh Panchapagesan, chairperson of the incubation centre at IIM-B, said that the partnership will make debt capital easily available for startups. “There is a lot of goodwill between IIM-B and Indian Bank…there has always been a need for debt capital for start-ups as they had never really fit the traditional lending models of banks in India,” said Padmaja Chunduru, the chief executive officer of Indian Bank.

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IIM-K, RBIH sign pact to foster innovation, research in FinTech
3 months, 3 weeks ago

IIM-K, RBIH sign pact to foster innovation, research in FinTech

The Hindu  

The Laboratory for Innovation Venturing and Entrepreneurship of the Indian Institute of Management Kozhikode and the Reserve Bank Innovation Hub have joined forces to revolutionise the FinTech sector in India. The MoU was officially signed at IIM-K’s campus by Prof. Ashutosh Sarkar, Executive Director of IIMK LIVE, and Aakarsh Naidu, Head of Fintech and Startups at RBIH. Announcing the programme, …

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