Team Blitz India
MAHARASHTRA’S micro, small, and medium enterprises (MSMEs) have received a huge push as Interface Ventures and the Maharashtra Economic Development Council (MEDC) have entered into a strategic alliance. The signing ceremony for the MoU, held in Mumbai, signals a concerted effort to tackle the significant funding hurdles faced by MEDC members across the state.
As per the agreement, Interface Ventures is offering its fundraising platform and services to MEDC members. This will help the latter in navigating the complexities of capital acquisition. Additionally, Interface Ventures will provide assistance and guidance in investor pitches, capital mobilisation, initial public offering (IPO) guidance, financial modelling, valuation advisory, and more.
Stakeholders are enthusiastic and anticipating this partnership to significantly enhance fundraising success rates. As per a statement released by the company, this partnership is envisaged to propel the economic advancement of MSMEs within MEDC.
Karan Desai, founder of Interface Ventures, said, “Raising funds is one of the biggest roadblocks for businesses looking to scale up operations… Our collaboration with MEDC is a step towards bridging this gap by providing specialised fundraising solutions tailored to the needs of MSMEs.”
Under the terms of the MoU, MEDC will facilitate the introduction of its members seeking Interface Ventures’ services, fostering productive discussions and dialogues to facilitate seamless transactions.
Atul Shirodkar, President of MEDC, said, “We are excited to witness the positive impact this collaboration will have on businesses ranging from micro-enterprises to large corporations and propel them towards new heights of success, contributing to the overall prosperity of Maharashtra’s vibrant economic space.”
According to a joint statement, the collaborative partnership between Interface Ventures and MEDC underscores the unwavering dedication of both organisations to fostering an environment conducive to the prosperity of businesses. This commitment is aimed at facilitating their growth and enhancing their contribution to the economic advancement of the state.
