Metropolitan Stock Exchange of India Limited (MSE) is planning to invest $100 million in startups and MSMEs (micro, small and medium enterprises) and is launching two exchange platforms for the development of equity and debt market segments.
"We are looking at starting with a $100 million fund, going up to $250 million in the next three years. This will also enable us to garner a 20 percent market share in the same time frame,” said Kunal Sanghvi, Chief Financial Officer, MSE.
MSE has also made an alliance with Canada-based technology and media focused DTM Global Holdings and their partners to launch venture exchange, aimed at opening up newer avenues for MSME growth and to foster the startup ecosystem. It is also launching Go-LiquidX, a platform focused on creating liquidity in the distressed and non-performing loans sector.
According to Sanghvi, the purpose of launching the exchange platforms is to create more bandwidth for attracting investors as well as participants to create a more conducive financial environment.