Intellegrow raises Rs 10 cr from Michael and Susan Dell Foundation
Hotline: 1800 102 2007
X
Search Business Opportunities
2013-02-13

Intellegrow raises Rs 10 cr from Michael and Susan Dell Foundation

Intellegrow, a debt financier to small businesses, in a statement said that it has raised Rs 10 crore from the Michael and Susan Dell Foundation for an undisclosed stake.

Intellegrow, a debt financier to small businesses, in a statement said that it has raised Rs 10 crore from the Michael and Susan Dell Foundation for an undisclosed stake.

The registered non-bank lender company, which provides venture debt and skills support to small and medium enterprises, has raised the sum in a Series A funding, as per the statement.

The company has already disbursed 20 loans of Rs 15 crore among SMEs in diverse sectors like waste water recycling, clean energy solutions, low-cost irrigation, rural healthcare, rural electrification and non-credit financial inclusion.

SMEs contribute 22 per cent to the GDP of the country and provide employment to very large number of people, yet face difficulties in getting finance, the statement added.

“Formal lenders typically engage in traditional collateral-based lending to enterprises operating in established industries and require at least three years of profitable track record,” it said.

Related opportunities
  • Quick Service Restaurants
    About Us: Being dessert lovers and passionate foodies, the trio decided..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: FullFills is a contemporary restaurant brand which serve international..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: MCTA provides Job Ready Certification Programs in Digital Marketing..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 650
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Sports & Gaming
    About Us: No Escape is an exciting live game experience (in..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts