Saturday, December 21

Tag: entrepreneur

7 Reasons to Avoid When Selling a Business
7Oct By NitishNo Comments
ANALYSIS

7 Reasons to Avoid When Selling a Business

TAMPA, Fla., Oct. 6, 2020-- Edison Avenue has had enough of witnessing entrepreneurs giving away their net worth to private equity groups, family offices, and other sophisticated investors.  The unspoken truth is that many former business owners don't talk about out of embarrassment that they fell into one of these costly traps.  Invisible Ink:  Frequently an LOI is not worth the paper it is written on. Often, far too many of the terms and conditions are left unaddressed or vague. Business owners often  think they understand the price and terms of the LOI to purchase their business. After the buyer's team of accountants, attorneys, and other professionals comb through the business every flaw will be uncovered and used to reduce the price. The...
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Sindhuja raises $8.7m from Nordic fund, Carpediem Capital
12May By AnkitaNo Comments
FUNDING

Sindhuja raises $8.7m from Nordic fund, Carpediem Capital

Sindhuja Microcredit, which provides credit to rural women entrepreneurs, has raised USD 8.7 million series B funding from the Norway-based Nordic Microfinance Initiative and Carpediem Capital. The microlender had also raised USD 4 million from Carpediem Capital in March 2019 in the series A round, the company said in a statement on Monday. The two-year-old Sindhuja has provided loans to over 84,000 self-employed rural women across five Indian northern states. It has a loan-book of over Rs 170 crore as of March. "This funding will be used to scale up operations and provide the much-needed credit to our customers, who are rural women entrepreneurs, whose lives have been badly hit due to the COVID-19 pandemic," the company said. Launched 11 years ago, the NMI is a reputed interna...
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