Small businesses channeled Rs 75,788 crore through the Trade Receivables Discounting System across August and September to fund inventory ahead of the festive season. In retail, Nykaa is scaling its owned and partner brand portfolio, recently acquiring Simply Nam to bolster its product lineup. Brokerage firm Motilal Oswal reports that this retail strategy has significantly expanded the platform's gross margins to 46%. In manufacturing, the government is aligning component scheme approvals to integrate local suppliers with domestic semiconductor packaging facilities.
Key points
Competitive bidding by banks and NBFCs on TReDS is providing MSMEs with faster early paym…: Competitive bidding by banks and NBFCs on TReDS is providing MSMEs with faster early payments on buyer-approved invoices.
Official support for domestic component makers aims to reduce import dependencies for ope…: Official support for domestic component makers aims to reduce import dependencies for operational chip packaging units like Micron Technology and CG Semi.
Sources checked by our analysis pipeline: 1
Morning Dispatch |
TReDS sees a festive boost; Nykaa’s growth strategy
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Happy Friday! Festive inventory demand has lifted invoice financing on TReDS platforms. This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ ECMS to support chip ecosystem
■ Amagi Q2 profit jumps
■ GCCs to add 35k jobs in 2027
Programming note: We'll be back in your inbox on November 11. Wishing all our readers a happy and prosperous Diwali.
Invoice discounting platforms regulated by the Reserve Bank of India (RBI) recorded a jump in financing activity this festive season, as small and medium businesses turned to them to fund inventory purchases and other working capital needs.
By the numbers: The five platforms operating under the Trade Receivables Discounting System (TReDS) financed invoices worth Rs 75,788 crore in August and September, a 36% increase from Rs 55,549 crore in the same months last year, according to…
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