Category: Startup
On the occasion of International MSME Day today, IndusInd Bank recognizes the essential role that Micro, Small, and Medium Enterprises (MSMEs) play in India's economy, by introducing the knowledge series named “Level Up” and highlights a range of MSME-focused initiatives implemented by the Bank.
However, the not-so-talked-about side of this story is that only a quarter of these unicorns report profits. With investors’ patience growing thin as days go by, this unicorn club is vertically split, albeit unevenly, into two categories – those making profits and those incurring losses.
World MSME Day, celebrated on June 27, recognizes the vital role MSMEs play in achieving sustainable development goals, fostering innovation, and providing employment opportunities globally.
