The Green Climate Fund (GCF) has granted approval for a loan facility of $215.6 million to one of the projects of the Small Industries Development Bank of India (SIDBI).

In its pre-Series A fundraising round, which was spearheaded by SIDBI, the authentication and access management service OTPless has secured $3.5 mn.

Small Industries Development Bank of India (SIDBI) has received $24.5 million from the Green Climate Fund (GCF). For its first anchoring sustainability and climate-focused fund, the Avaana Sustainability Fund (ASF). The development occurred on March 6 at the 38th GCF Board meeting in Kigali, Rwanda. ASF is a $120 million venture capital fund with the goal of funding Indian climate tech firms in their early stages. According to a statement from SIDBI, the fund would use the $120 million capital to invest in MSMEs and startups in industries such sustainable resource management, supply chains and mobility, and sustainable agricultural and food systems.

Digantara, India’s leading Space Situational Awareness Startup based in Bangalore, today announced the successful closure of an extended $12 million Series A round.

The Small Industries Development Bank of India (Sidbi) has provided debt capital to Mwyn Tech, the company that runs the digital banking platform Freo.

The fintech startup FinAGG Technologies secured $11 mn in a Series A fundraising round headed by Tata Capital and BlueOrchard, which is supported by Schroders.

Sidbi, a national development bank that specializes in refinancing small business loans, announced that it would provide 100% financing for MSMEs' renewable energy projects along with other clean project initiatives.

Startup Odisha Launches ₹100 Crore Odisha Startup Growth Fund (Fund of Funds) With SIDBI As Fund Manager

Startup Odisha has roped in the Small Industries Development Bank of India (SIDBI) for managing the Odisha Startup Growth Fund (OSGF),