Startup news and updates: daily roundup (October 3, 2022)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, October 3, 2022.
Adda247 launches initiatives to help employees focus on workplace wellness
Government job preparation appsays it has launched the 'Zoom Out Time' initiative to help employees prioritise their wellness.
The company said it is encouraging its employees to take short breaks in between work and develop healthy habits.
Adda247 added it has set up a gym with free access, hired a dietician, and will conduct one-minute meditation sessions, indoor games and Zumba classes to help employees relax and unwind.
Techfino gets Rs 15Cr in loan from SBI
Education financing startup Techfino said it has received a Rs 15 crore loan from the State Bank of India for two years.
Techfino will use the loan to expand its own education loan portfolio, it said.
In FY 21-22, Techfino disbursed loans worth Rs 100 crore across its portfolio. It provides unsecured loans for school fees, coaching, higher education, and upskilling and certification programmes, among others.
Lendingkart inks deal with Chola for SME loans
Fintech startupsaid it signed a deal with Cholamandalam Investment and Finance Company to disburse loans, digitally, to small and medium businesses.
Lendingkart hopes the deal will help it expand its reach to Tier II and Tier III cities. The fintech startup will be involved with the loan origination process, right up to the disbursal stage.
"In our journey of promoting financial inclusion in the country, these meaningful partnerships, like the one with Chola, will become our backbone and assist us with required liquidity support, while Lendingkart will leverage its network and technology to further expand the services to small businesses in India," said Harshvardhan Lunia, CEO and Founder of Lendingkart.
(This article will be updated throughout the day with the latest news)
Edited by Affirunisa Kankudti