Indian Bank sanctions ₹1,400 cr loans to MSME units at outreach camp

State-owned Indian Bank on Wednesday said that it has sanctioned loans of ₹ 1,400 crore to small businesses at a 'retail outreach camp' in the country's financial capital.

Sanction letters were given to 200 MSME and retail customers during the camp held recently, as per a statement.

Livlong 365 aims to invest ₹ 100 crore  Helathtech platform Livlong 365 on Wednesday announced that it is aiming to invest ₹ 100 crore over the next 18 months.

The company is planning to open 100 branches by 2027, which will require an investment of ₹ 70-100 crore, according to a statement.

Niyo acquires Kanji Forex  Travel fintech Niyo on Wednesday announced the acquisition of Kanji Forex for an undisclosed sum.

 

The company also appointed banker Amit Talwar as the chief executive of its forex business, a statement said.

Seeds Fincap raises ₹ 50 crore in pre-series B round funding  Non-bank lender Seeds Fincap has raised ₹ 50 crore in a pre-series B round of funding from its existing investors Z47 and Lok Capital.

New investors Norinchukin Capital and Alteria Capital have also joined the cap table for the 2021-founded company, according to a statement.

Cureous Labs raises ₹ 1.66 cr in seed funding  Medical technology startup Cureous Labs on Wednesday said it has raised ₹ 1.66 crore in seed funding from Inflection Point Ventures to advance pressure injury prevention solutions.

The round also saw participation by Anthill Ventures, a statement said.