FINANCE

Moglix's Credlix crosses USD 1 billion in MSME export financing

The Moglix-owned trade finance platform has financed USD 1 billion of exports for over 1,000 MSMEs, and has committed USD 100 million to the India-Mexico corridor this financial year.

Credlix, the cross-border trade financing platform owned by Moglix, said it has crossed USD 1 billion in export financing, supporting more than 1,000 MSME exporters across India, Mexico, the United States, the Middle East and Singapore. The company has committed more than USD 100 million towards financing Mexican companies in FY27, as bilateral trade between India and Mexico passed USD 11 billion. It targets financing more than USD 500 million of exports from India in FY27. Credlix operates an RBI-regulated NBFC in India alongside an IFSCA-regulated entity at GIFT City.

Three IPOs open on 9 September

Karamtara Engineering, Manipal Payment and Identity Solutions and Rentomojo all open Wednesday and close Friday. The shape of the three offers differs sharply in how much money reaches the companies.

Manipal Payment and Identity Solutions IPO opens 9 September at INR 322 to 339 a share

The card manufacturer, which says it makes over a third of India's credit cards, is raising INR 320 crore in fresh issue alongside an offer for sale by promoter Manipal Technologies.

Chef Harpal Singh Sokhi invests in Indo-Chinese food brand Inchi

The chef has taken a stake in Navi Mumbai's Melting Pot Food Products alongside a brand ambassador role. The company is targeting over INR 500 crore in five years. Terms were not disclosed.

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