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Tag: alternative investment funds India

  • From Funding to Unicorns: SIDBI’s Multi-Billion Investment Impact in India’s Startup and MSME Sectors Unveiled at IVCA Conclave 2025

    With 1,200 startups supported, 22 unicorns created, and ₹2,107 crore invested in Tier-2 and Tier-3 cities, SIDBI’s impact on India’s entrepreneurship landscape is undeniable.

    Small Industries Development Bank of India (SIDBI) reaffirmed its pivotal role in shaping India’s startup and MSME ecosystem at the IVCA Conclave 2025. Shri Sudatta Mandal, Deputy Managing Director of SIDBI, addressed a distinguished audience of investors, policymakers, entrepreneurs, and venture capitalists at Trident Hotel, Nariman Point, Mumbai, shedding light on SIDBI’s transformative initiatives and its multi-billion investment in India’s entrepreneurial landscape.
    In his keynote speech, Shri Sudatta Mandal emphasized how SIDBI’s financial instruments, equity investments, venture capital support, and debt financing, have fueled India’s startup success story, positioning the nation as the third-largest startup ecosystem in the world.
    “Today, India stands at the forefront of global entrepreneurship. Our startup ecosystem, backed by robust policies, innovation, and sustained capital infusion, has seen exponential growth. At SIDBI, we take pride in being a catalyst for this transformation by enabling startups and MSMEs to access essential funding, scale operations, and drive economic progress,” he stated.

    SIDBI’s ₹10,000 Crore Fund of Funds: Powering India’s Startup Growth
    At the heart of SIDBI’s impact is the Fund of Funds for Startups (FFS), launched in collaboration with DPIIT (Department for Promotion of Industry and Internal Trade), with an initial ₹10,000 crore corpus aimed at strengthening India’s venture capital ecosystem. Shri Mandal revealed that the entire fund corpus was committed by December 2023, well ahead of the March 2026 deadline, marking a historic milestone in India’s domestic investment landscape.
    We started with a vision to mobilize domestic capital and reduce India’s dependence on foreign VC funding. Today, the Fund of Funds has not only facilitated ₹91,000 crore in investments but has also created a multiplier effect, ensuring sustained capital availability, Shri Mandal noted.
    The success of FFS extends beyond capital deployment, it has played a pivotal role in fostering indigenous investment capabilities. Over ₹2,107 crore has been invested in 177 startups across Tier-2 and Tier-3 cities, enabling startups beyond metropolitan hubs to access funding and scale effectively.

    From Emerging Ventures to Unicorns: SIDBI’s Direct Impact on Startup Growth
    SIDBI’s investments have directly contributed to the emergence of 22 unicorns, a significant achievement in India’s fast-growing venture capital and startup ecosystem. By bridging funding gaps, facilitating access to equity capital, and partnering with venture capital funds, SIDBI has unlocked new opportunities for high-growth startups in fintech, deep tech, health tech, agritech, and SaaS (Software-as-a-Service).
    Moreover, FFS-backed startups have created over 2 lakh direct jobs, highlighting SIDBI’s broader economic impact beyond investments.

    Strengthening India’s MSME Sector Through Policy and Financial Innovation
    Beyond startups, SIDBI remains a cornerstone for India’s Micro, Small, and Medium Enterprises (MSMEs), a sector that accounts for over 30% of India’s GDP. Through innovative financing models like credit guarantee schemes, priority lending initiatives, and customized financial products, SIDBI has empowered millions of MSMEs across India.
    Our mission is to ensure that startups and MSMEs receive the necessary resources, infrastructure, and financial backing to drive sustainable economic growth, Shri Mandal emphasized.
    SIDBI has also been instrumental in implementing SIDBI Cluster Development Fund (SCDF), which has enhanced access to credit for SME clusters, fostering competitiveness in sectors like manufacturing, logistics, renewable energy, and digital commerce.

    IVCA Conclave 2025: A Hub for Policy, Investment, and Growth
    The IVCA Conclave 2025 brought together global and domestic venture capitalists, private equity leaders, policy think tanks, and government representatives, aiming to shape the future of India’s alternative investment landscape. Indian Venture and Alternate Capital Association (IVCA), India’s apex industry body for venture capital and private equity, plays a key role in driving investment policies and advocating for an entrepreneur-friendly regulatory environment.
    At Prittle Prattle News, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.

  • KFin Technologies Q3 FY25: Resilient Growth with Revenue Up 32.6% YoY

    Record Client Wins and International Expansion Fuel Financial Performance

    KFin Technologies Limited, a technology-driven leader in financial services, reported its financial results for Q3 FY25, showcasing exceptional growth and profitability. The company achieved a 32.6% YoY revenue growth, reaching ₹2,900.2 million, driven by a diversified business portfolio, international expansion, and key client acquisitions.
    In addition to robust revenue, KFin Technologies delivered an EBITDA of ₹1,305.5 million with a margin of 45.0%, reflecting efficient operations and strategic investments. The Profit After Tax (PAT) stood at ₹901.8 million, up 34.9% YoY, further solidifying its position as a market leader in the financial services ecosystem.
    Sreekanth Nadella, Managing Director and CEO of KFin Technologies, remarked:
    Joining BlackRock’s Aladdin Provider Network as the ninth global partner marks a milestone in KFintech’s international journey. We are committed to delivering innovative solutions and driving excellence across all business segments. This quarter’s performance underscores our focus on growth, diversification, and market leadership.

    Q3 FY25 Financial Highlights
    Key Figures

    MetricQ3 FY25Q3 FY24Growth (YoY)9M FY259M FY24Growth (YoY)
    Revenue (₹ million)2,900.22,187.232.6%8,080.56,091.932.6%
    EBITDA (₹ million)1,305.5979.033.4%3,567.52,619.936.2%
    PAT (₹ million)901.8668.334.9%2,475.71,715.844.3%
    Diluted EPS (₹)5.213.8834.2%14.3410.0043.4%
    Cash Reserves (₹ million)5,706.9NANANANANA

    Key Business Achievements
    1. Client Acquisition and Global Expansion
    International Growth: Secured two full-service transfer agency (TA) deals in Philippines and one in Malaysia, expanding its footprint in Southeast Asia.
    BlackRock Partnership: Became the ninth global partner in BlackRock’s Aladdin Provider Network, enhancing fund administration and accounting services for global asset managers.
    New Domestic Clients: Won mandates from companies like LG Electronics, Kent RO Systems, and Cleartrip, adding over 8 million investor folios.
    2. Vertical Growth and Innovation
    Value-Added Services (VAS): Revenue grew 61.3% YoY, showcasing the rising demand for digital solutions and analytics. Alternative Funds (AIF): Market share rose to 36.7%, with AAUM growing 54.6% YoY, driven by contracts with 360 One AIF, Bandhan AIF, and Angel One AIF.

    Strategic Focus on Technology and Innovation
    KFintech’s investment in advanced digital platforms like mPower Wealth has transformed wealth management for clients such as Tata Capital and Aditya Birla Wealth. The focus on innovative tools ensures a competitive edge in a dynamic financial landscape.
    Sustainability and Market Leadership
    KFintech continues to lead the National Pension System (NPS) ecosystem, with its subscriber base growing 35.1% YoY compared to the industry’s 12.1% growth. Market share increased from 7.8% to 9.4%, reflecting its dominance in the sector.

    CEO’s Perspective
    KFin Technologies, sreekanth Nadella emphasized the company’s future-oriented strategy, stating Our journey is defined by innovation and excellence. As we deepen our international reach and strengthen our solutions portfolio, KFintech is well-positioned to shape the future of financial services globally.
    KFin Technologies Limited is a leading provider of financial services solutions, catering to mutual funds, asset managers, and corporate issuers across India and globally. The company’s expertise spans fund administration, digital onboarding, data analytics, and wealth management. With over 704 international clients and a presence in Malaysia, Philippines, Singapore, and other regions, KFintech is at the forefront of financial innovation.
    Conclusion :
    KFin Technologies’ Q3 FY25 performance underscores its resilience, innovation, and market leadership. By combining strategic client acquisitions, technological advancements, and global expansion, the company is redefining financial services for a dynamic future
    At Prittle Prattle News, “featuring you virtuously,” we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Twitter, Instagram, and YouTube for more stories that matter. For additional insights and updates, visit Prittle Prattle News.