Interface Ventures and the Maharashtra Economic Development Council (MEDC) announced the signing of a Memorandum of Understanding (MoU) to enable MEDC’s micro, small, and medium enterprises (MSME) enterprises in the state to leverage Interface Ventures’ fundraising platform and services.
The MoU signing, held in Mumbai, aims to address the crucial funding gaps faced by MEDC members across the state. Services offered include assistance with investor pitches, capital raising, initial public offering (IPO) guidance, financial modeling, valuation advisory, and more. This collaboration is expected to significantly boost fundraising success rates and contribute to the overall economic progress of MSMEs within MEDC, as per a company statement.
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 specialized fundraising solutions tailored to the needs of MSMEs.”
Under the MoU, MEDC will facilitate introductions of its members who may need Interface Ventures’ services and enable discussions and dialogues between Interface and the members to allow transactions to move forward smoothly.
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.”
As per a joint statement, the synergistic alliance between Interface Ventures and MEDC underscores both organisations' steadfast commitment to creating an enabling environment for businesses to thrive and contribute to the state's economic growth.
