• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 14, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Digital Lender Indifi launches Collaborative Resource Centre ‘Pragati’ for MSMEs

by Apoorv Anupam
June 2, 2020
in News
Reading Time: 2 mins read
0
Indifi
TwitterWhatsappLinkedin

Indifi

You might also like

Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

Lenskart Valued at $6.1 Bn by Fidelity Ahead of Mega IPO

Weekly Business News: Everything from Shein Re-entry to Ola’s Zero Commission Model

02 June 2020, India:

Digital lender Indifi has launched Pragati, a collaborative resource centre for SMEs, small businesses, and start-ups. The platform aims to create a pool of financial and non-financial resources to empower 15-20 million SMEs struggling with revival plans in the post-Covid-19 economy.

In a recent survey of its borrowers, Indifi revealed that 90% and 80% of the open restaurants and retail shops respectively are experiencing at least 50% drop in sales. Whereas, half of this lot are operating at less than 20% sales of what they registered in the first two months of 2020.

The situation has impacted working capital too, with around 85% of retail stores and 70% of restaurants open at present are getting lesser credit from their suppliers. The survey also found that 75% of the restaurants and 55% of retail stores were non-operational during the third phase of lockdown.

Alok Mittal, CEO & Co-founder, Indifi Technologies, said, “At Indifi, the core of our business has been to support businesses in their growth. In sync with this mission, we have launched Pragati, a sector-agnostic, collaborative, multi-service resource centre.”

Alok Mittal, added, “The goal is to enable business owners to get different service providers and content under one trusted platform coupled with exclusive offers which will save them money and time. We invite partners who can provide relevant products and services to MSMEs to join the platform towards this collective goal, and in turn gain access to prospective customers. We also look forward to partners who would like to offer Pragati services to their base of MSMEs.”

Alok Mittal further added, “What makes this value proposition uniquely appealing is that the support system enabled by the Pragati platform can mutually benefit both small businesses seeking continuity and growth as well as the service providers looking to expand their customer base. For instance, in our recent survey, we found that 45% of our customers were facing a shortage of staff during the lockdown, a situation that can become exacerbated in the face of the ongoing migration of daily wage workers away from the cities. Here, a manpower management service provider can use Pragati to help out the ventures facing staff shortage while promoting its business at the same time.”

(Source – Indifi)

Tags: IndifiLaunchNewsPragatistartup
Tweet54SendShare15
Previous Post

Professional SEO Services: The Scope and Future

Next Post

Online Learning Platform Coursera Offers Free Certificate Courses to College Students

Apoorv Anupam

https://in.linkedin.com/in/apoorv-anupam www.twitter.com/apoorvanupam

Recommended For You

Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

by Thomas Babychan
June 14, 2025
0
Markets Rattle as Israel-Iran Conflict Escalates: Gold and Oil Prices Jump, Stocks Tumble

The global financial markets were shaken on Friday following Israel's airstrikes on Iranian military leaders and nuclear facilities. The sudden military escalation triggered a rapid response across various...

Read more

Lenskart Valued at $6.1 Bn by Fidelity Ahead of Mega IPO

by Ishaan Negi
June 14, 2025
0
Fidelity’s 12% mark up of its stake in Lenskart increases its valuation to $5.6 Bn

In a bold stride toward public markets, Indian eyewear unicorn Lenskart has seen its valuation jump 22% to $6.1 billion, according to a recent portfolio update by US-based...

Read more

Weekly Business News: Everything from Shein Re-entry to Ola’s Zero Commission Model

by Ishaan Negi
June 14, 2025
0
Weekly Business News: Top business updates in this week

India’s business ecosystem is buzzing with pivotal developments—from dramatic stake sales to ambitious clean grocery launches and a Chinese fashion brand’s tactical re-entry. Here's a roundup of six...

Read more
Next Post
Coursera

Online Learning Platform Coursera Offers Free Certificate Courses to College Students

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?