Friday, Mar 29 2024 | Time 05:07 Hrs(IST)
image
Business Economy


KSL to launch maiden start-up program

Kolkata, Jan 05 (UNI) Kotak Securities Limited (KSL) today announced the launch of its maiden Start-up Investment and Engagement Programme. Through this programme, KSL will be incubating & investing into innovative fintech and technology start-up companies.

Kotak Securities has set up an exclusive Corporate Development Department (CDD) for this initiative and an initial investment corpus of Rs 50 crore, a company release issued here said.

Jaideep Hansraj, MD & CEO, Kotak Securities, said, “In today’s fast paced world of rapid advancements in technology, we need to be ahead of the curve in terms of product offerings to our customers. Broking and distribution business has become more of a technology play, and this has gained further prominence in the new normal. We strongly believe technology innovation will gauge the competitiveness of a broking firm; however, developing technology involves money and time. It is with this purpose that we have launched our investment and engagement programme where we will partner and pick minority stake in fintech companies that makes strategic sense to Kotak Securities.”

Shripal Shah, President – Head Operations, Finance and Technology, Kotak Securities, said, “Kotak Securities will evaluate opportunities of investing, partnering and incubating start-ups and for the right idea, we are willing to back the promoters and take strategic equity stake in the startup. While we get access to some exciting technology plays, start-ups get the advantage of product validation, mentorship and institutional capital.”

KSL will launch incubation/accelerator programmes, hackathons, networking events, pitching sessions and demo day programmes for early stage start-ups in-house as well as with other incubator/accelerator groups. There will be a dedicated section on the KSL website where interested start-ups can register and submit innovative ideas and products for evaluation and find various updates under this programme, the release added.
UNI PL AND
More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image