Thursday, Apr 3 2025 | Time 04:30 Hrs(IST)
States » SouthPosted at: Apr 2 2025 12:36AM


Kerala Startup Mission signs MoU with Kotak Mahindra Bank

Thiruvananthapuram, Apr 1 (UNI) In a significant partnership to strengthen the thriving startup ecosystem in Kerala, Kotak Mahindra Bank has signed a Memorandum of Understanding (MoU) with Kerala Startup Mission (KSUM), a nodal agency dedicated to fostering innovation and entrepreneurship.
As a part of the MoU, which focuses on startups in sectors such as agriculture, medical technology, electronics and space, Kotak Mahindra Bank and the state government owned KSUM will take a series of steps to nurture and grow the startup ecosystem in the state.
As a financial conglomerate, Kotak will offer startups financial expertise; organise master classes and advisory sessions on regulatory compliances, export earnings, and fundraising, in addition to bridging startups in Kerala with NRIs based in global markets through Kotak’s international offices located in Dubai, UK, and Singapore.
KSUM offers startups incubation, mentorship, funding assistance, capacity building programmes, resources to nurture and accelerate the growth of early-stage ventures, in addition to access to a network of investors, industry experts, and government initiatives aimed at developing a thriving startup ecosystem in the state.
Highlighting this initiative, KSUM CEO Anoop Ambika said “This partnership will provide the startups with financial resources and market linkages to scale up their business. The collaboration with a major financial institution like Kotak Mahindra Bank also reflects on the credibility of the state’s fast-flourishing startup ecosystem.”
Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank - Kotak Mahindra Bank Limited.
The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on December 31, 2024, Kotak Mahindra Bank Ltd has a national footprint of 2,068 branches and 3,337 ATMs (incl. cash recyclers), and branches in GIFT City and DIFC (Dubai).
UNI DS SSP
Tags: #Kerala Startup Mission signs MoU with Kotak Mahindra Bank
More News

HINDLABS expands its diagnostic, clinical services

03 Apr 2025 | 3:10 AM

Thiruvananthapuram, Apr 2 (UNI) In a significant move towards making quality healthcare more affordable, HINDLABS Diagnostic Centre and Speciality Clinic, operated by HLL Lifecare Limited, a Central Public Sector Enterprise under the Ministry of Health and Family Welfare, has expanded its diagnostic and clinical services.

see more..

BJP launches day-and-night protest against price rise

03 Apr 2025 | 12:29 AM

Bengaluru, Apr 2 (UNI) The Opposition Bharatiya Janata Party (BJP) on Wednesday began a 24-hour protest at Freedom Park here against the rising prices of essential commodities and services, holding the Congress government responsible for the increased financial burden on the ordinary people.

see more..
Kerala: Priyanka Gandhi Vadra supports ASHA workers' ongoing agitation

Kerala: Priyanka Gandhi Vadra supports ASHA workers' ongoing agitation

02 Apr 2025 | 11:02 PM

Wayanad, Apr 2 ( UNI) AICC General secretary and Wayanad, MP Priyanka Gandhi Vadra on Wednesday supported the ongoing strike of ASHA workers, which has now entered 52nd day in Thiruvananathapuaram, demanding an increase in their honorarium.

see more..

Andhra: Foundation stone laid for Integrated Compressed Bio-Gas plant

02 Apr 2025 | 10:53 PM

Ongole, AP, Apr 2 (UNI) Andhra Pradesh Minister for Education and IT Nara Lokesh on Wednesday laid the foundation stone for the Integrated Compressed Biogas (CBG) Plant being established by the Reliance New Energy near Divakarapalli village in P.C. Palli Mandal Kanigiri constituency.

see more..
Kerala: HC grants bail to 10 PFI members in RSS leader murder case

Kerala: HC grants bail to 10 PFI members in RSS leader murder case

02 Apr 2025 | 10:51 PM

Kochi, Apr 2 (UNI) The Kerala High Court on Wednesday granted bail to 10 members of Popular Front of India (PFI) in the RSS district leader Sreenivasan murder case in 2022.

see more..