According to statistics, India has about 63 million MSMEs in India, contributing about 30% to India’s GDP.
So, what does it take to strengthen what’s considered the backbone of India’s economy: its MSMEs? Sure, there’s always generic advice, but what about insights and perspectives that are meaningful and tangible?
That’s why Rizing curated the Rizing Equality Entrepreneurship Forum – The Delhi Chapter in July 2024.
•Our Presenting Partner: the CGTMSE
•Our Banking Partner: IDBI Bank
•Our Technology Partner: Qila
•Our Network Partner: GetVantage
The event brought together current and aspiring MSME professionals, investors and other stakeholders, allowing Rizing to bring forth its smart and engaging conversations to India’s capital city.
And the event brought people to the nexus of India’s economic revolution – Delhi – to explore how, through the MSME sector, vision meets execution and aspiration meets action. Because MSMEs are seen as India’s unsung heroes, its silent engine of growth and the driving force behind innovation and job creation.
EVENT SESSIONS:
•Breakfast & Registration
•Opening Address w/ Shrija Agrawal
•Cultivating Indian MSMEs’ Entrepreneurial Spirit (Panel)
SPEAKERS:
Akshar Shah, Founder & CEO – Fixerra
Siddharth Ugrankar, CEO – Qila
Shiva Shanker, Partner – Ankur Capital
Vidushi Kapoor, Co-Founder – Process9
Vijay Singh Rathore, Co-Founder & CEO – Soonicorn Ventures
This session explored how India’s MSME entrepreneurs have built their entrepreneurial spirit and resilience, challenges of breaking the mould, what motivated them to take a risk and start their ventures, critically analyzing barriers, what they think it takes to foster a conducive entrepreneurial ecosystem for MSMEs in India, how to draw inspiration from resilience, creativity and unwavering spirit & more.
•SMEs: Getting Your Due Credit (Talk)
SPEAKER: Sandeep Varma, CEO – CGTMSE
This session explored catalyzing institutional credit for MSEs, addressing critical needs and gaps in the market, making credit more accessible and efficient and more.
•The Future Is Direct: Innovating To Elevate (Panel)
SPEAKERS:
Anuj Nevatia, Co-Founder – Bacca Bucci
Himanshu Agarwal, Co-Founder – Deyor
Prayag Mohanty, Principal – Fireside Ventures
Shaloo Naugain, P&L Manager – ZYOD
This session explored India’s D2C landscape, how it’s been a game-changer for MSMEs in India, identifying market needs, effectively filling market gaps, crafting a unique brand identity and narrative, fostering deep connections with consumers, dealing with operational hurdles, handling smaller ticket sizes, adapting to market trends and more.
•Fuelling India’s Growth: Fundraising For India’s Ventures (Panel)
SPEAKERS:
Ajay Mittal, General Partner & Investment Manager – ValuAble
Atul Akash, CFO – GetVantage
Sandeep Varma, CEO – CGTMSE
Suresh S, General Manager – IDBI Bank
This session explored how MSMEs can secure the right type of funding, the intricacies of fundraising for businesses in 2024 and beyond, equity vs debt, negotiating favourable terms, challenges, actionable strategies to secure capital and more.
•Blockchain-izing Your Business (Workshop)
SPEAKER: Siddharth Ugrankar, CEO – Qila
This workshop was by Siddharth Ugrankar, CEO of Qila, to explore how Blockchain and tokenization could have transformative potential for MSMEs, how Blockchain could open new avenues for growth and innovation, unexplored and tangible use cases, challenges, understanding the risks and more.
•Fund-amentals: Legal Guidelines For Securing Capital (Workshop)
This workshop was by Pradhuman Kheechi, Associate Partner – LexStart Partners, to explore the legal intricacies of fundraising for MSMEs and startups, the various capital instruments available, strategic advantages, mitigating legal risks associated with different fundraising instruments, the fundamentals of structuring deals that could attract investors while protecting one’s interests and more.
•Rizing Equality Lounge Pit Stop @ Delhi
This session, in a presenter format, was a showcase exploring young ventures in the form of a pitch. This was won by Shalendra Sinha, Founder & Director – ITX Care.
Previously, Rizing curated The Rizing Equality Summit in February 2024 in Mumbai, which was in partnership with the British High Commission in India, one of India’s oldest law firms Khaitan & Co, Federal Bank and Bandhan AMC. And what a roaring and resounding success it turned out to be.
https://rizingtv.com/the-rizing-equality-summit-2024-looking-back/
So, it’s befitting that Rizing brings this meaningful movement to entrepreneurs in Delhi and gathers current and aspiring MSME professionals, investors and other stakeholders, curating smart and engaging conversations in India’s capital city.
More about our partners:
The CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) was jointly formed by the Government of India, the Indian Ministry of MSME and SIDBI. Its goal is to catalyze the flow of institutional credit to MSEs, strengthen credit delivery system, create access to finance for unserved, underserved and underprivileged & bolster availability of finance from conventional lenders to new-gen entrepreneurs. Since its inception, the CGTMSE is said to have been instrumental in providing guarantee cover to collateral and/or third-party guarantee-free credit facilities extended by eligible Member Lending Institution (MLIs) to MSEs.
Qila is a Blockchain-as-a-Service (BaaS) platform that aims to help businesses adopt Blockchain and crypto technologies to secure their business needs by minting non-fungible tokens for real-world physical or digital assets on a private blockchain network.
Here’s to celebrating India’s unsung heroes, its silent engine of growth & the driving force behind innovation and job creation.
