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<ul><li><keyword id="17303910" type="General" weightage="20" keywordseo="trillion-loans" source="Orion">Trillion Loans</keyword> provides secured and unsecured loans to SMEs, as well as small business and working capital loans.</li><li>It will operate as an independent entity and will seek partnerships with other fintechs.</li><li>The new deal will see advisor to the board, Ravindra Pandey, CFO Nalin Negi, and head, banking vertical, Sabyasachi Senapati <keyword id="7349800" type="General" weightage="20" keywordseo="bharatpe" source="Orion">BharatPe</keyword> joining Trillion Loans' board. </li></ul>BharatPe Group on Tuesday announced the successful acquisition of a majority stake in Mumbai-based NBFC Trillion Loans in April. Trillion Loans provides secured and unsecured loans to SMEs, as well as small business and working capital loans. The NBFC also offers auto, gold, and education loans to consumers. Says Shashvat Nakrani, founder and COO, BharatPe, “Acquiring controlling stake in Trillion Loans is aligned to the BharatPe Group’s larger purpose and will enable us to facilitate access to capital to a wider set of underserved and unbanked businesses as well as customers. Trillion Loans will work independently and will be a technology-driven NBFC.” Trillion Loans will operate as an independent entity with its own team and will seek partnerships with other fintechs to provide credit to businesses and consumers. It will be open to partner with other fintechs and startups, to offer a quick and streamlined experience. “BharatPe values its existing partnerships with NBFCs, and financial institutions and this acquisition will have no impact on these relationships,” Nakrani said. The new deal will see advisor to the board, Ravindra Pandey, CFO Nalin Negi; and head of banking vertical, Sabyasachi Senapati of BharatPe joining Trillion Loans' board. BharatPe Group has invested a substantial amount of money into Trillion Loans to help grow its loan book. “BharatPe plans to leverage its expertise in product development and technology to support Trillion Loans in creating innovative digital lending products for various business owners and customers and that this partnership presents a significant opportunity for Trillion Loans to continue growing and address the large MSME credit gap and meet consumer credit demands in India,” said Nakrani. BharatPe was established in 2018, and introduced the country's first UPI interoperable QR code and the first zero MDR payment acceptance service. In response to the Covid-19 pandemic, BharatPe launched BharatSwipe, a card acceptance terminal. The company presently serves one crore merchants in more than 400 cities, and is a leading provider of UPI offline transactions, handling over 30 crore UPI transactions monthly, with an annualized Transaction Processed Value of over $24 billion in payments. The company has disbursed loans worth nearly ₹8,000 crore, and its POS business processes over $3.5 billion in payments annually on its machines. BharatPe has raised more than $583 million in equity to date, with investors including Tiger Global, Dragoneer Investment Group, Ribbit Capital, and Sequoia Capital, among others. Most recently, the BharatPe Group was given an in-principle authorization by the RBI to function as an online payment aggregator.

BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans

<ul><li>The demand for AI &amp; ML specialists is anticipated to grow by 40%, resulting in the creation of around a million jobs. </li><li>The green transition has the potential to create 30 million jobs worldwide by 2030. </li><li>The education industry is predicted to create 3 million new positions for vocational education, university and higher education teachers. </li></ul>As the world prepares for a technological disruption, it would result in job losses. But this sector also contributes to employment growth with some of the fastest growing job roles. The demand for AI and machine learning (ML) specialists will grow at the fastest rate in the next five years, as per a report by the World Economic Forum. They are followed by sustainability specialists, business intelligence analysts and information security analysts, says WEF’s Future of Jobs Report 2023. The report's conclusions are based on a survey of the biggest global employers regarding their projections for job trends and directions between 2023 and 2027. Overall 69 million jobs are expected to be created in the next five years. As industries continue to transform through the increased usage of AI and machine learning, the demand for AI and ML specialists is anticipated to grow by 40%, resulting in the creation of around a million jobs. The rise of data-driven decision-making across industries is driving a 30-35% increase in demand (1.4 million) for roles such as data analysts and scientists, big data specialists, business intelligence analysts, database and network professionals, and data engineers. This growth is due to advances and growth in adoption of frontier technologies which rely heavily on big data, the report says. Rapid growth of green jobs across sectors The shift towards renewable energy has also contributed to relatively fast-growing roles such as renewable energy engineers and solar energy installation and system engineers. “To meet the goals of the Paris Agreement – a pledge to keep global temperature rises below 2ºC and pursue efforts to limit them to 1.5ºC – large scale global action towards a green transition is ongoing and expected to accelerate. While transitioning to a green economy will disrupt labour markets over the next decade it will also create significant new job opportunities,” says the report. The report indicates that investments in the green transition, broader implementation of environmental, social, and governance (ESG) standards, and climate-change adaptation are anticipated to have strong positive impacts on job creation. Further analysis of the data reveals that job creation will be particularly significant in the energy and materials and infrastructure sectors, with roughly 10% more companies expecting job creation as a result of these effects. The roles of sustainability specialists and environmental protection professionals are predicted to increase by 33% and 34%, respectively. This growth is expected to result in approximately a million new jobs. The International Energy Agency (IEA) has estimated that a green-recovery scenario could result in almost 3.5% of additional GDP growth globally and create a net employment impact of 9 million new jobs annually. Additionally, the green transition has the potential to create 30 million jobs worldwide by 2030 in clean energy, efficiency, and low-emissions technologies. Education, agriculture &amp; e-commerce The education industry is predicted to see a 10% increase in jobs, resulting in 3 million new positions for vocational education teachers and university and higher education teachers. Agricultural professionals, particularly agricultural equipment operators, are projected to experience a 30% rise in job opportunities, resulting in an additional three million jobs. Around four million digitally-enabled roles, including e-commerce specialists, digital transformation specialists, and digital marketing and strategy specialists, will be added in five years. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/get-best-deal-and-offers-on-smart-tvs-in-amazon-summer-sale-2023/articleshow/99935053.cms">Amazon Summer Sale 2023: Best Kickstarter deals and offers on smart TVs</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/bharatpe-acquires-51-stake-in-mumbai-based-nbfc-trillion-loans/articleshow/99935577.cms">BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans</a>

AI & ML specialists top of list of fastest growing job roles

India's progress toward a $5 trillion economy will be fuelled by the small and medium businesses – the engines of innovation that lie at the crux of our economy. And to acknowledge these powerhouses, at Business Insider India, we are setting the stage for industry leaders and budding entrepreneurs to interact and share their learnings. Day 2 of the event includes a number of panel discussions, fireside chats, workshops, masterclasses, and keynotes. From two engaging fireside chats to panel discussions on tackling MSMEs challenges on finance and technology – let's quickly get to what to expect from day 2. We shine the spotlight on the Indian economy and how <keyword id="6358354" type="General" weightage="20" keywordseo="msme" source="Orion">MSME</keyword>s have served as its skeleton. The Federation of India Micro and Small and Medium Enterprises' Secretary-General, Anil Bhardwaj, will deliver the keynote address – emphasising on the need to improve exports and public procurement to assist the MSME industry. There is evidence that over the past several years, India has experienced an increase in the number of SMEs listed. Ajay Thakur, Bombay Stock Exchange's Head of SME and Startup will provide additional light on what needs to be done in order to alter entrepreneurs' perspectives and why it is important to list small businesses to uncover value and scale higher. [Register here: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>] India is known to be the third-largest ecosystem for startups, but access to funds at the appropriate time remains one of the many difficulties the sector has encountered. You don’t want to miss a deep, insightful fireside chat with Rajnish Kumar, if you have the question, "How can small businesses harness the correct financial instruments and make the most of their finances?" As the former chairman of SBI and chairman of BharatPe, he brings with him more than 40 years of expertise and knowledge. We will also get candid with T Koshy, CEO of ONDC, to obtain a better understanding of how ONDC can be the major game-changer for MSMEs. By linking you with more network partners who will complete your e-commerce solution, ONDC gives you the chance to expand your business through online sales. It is hailed as the next big technological revolution that will enable <keyword id="6359222" type="General" weightage="20" keywordseo="small-business" source="Orion">small business</keyword> owners to define their mission statement. Hear from the man leading this revolution on their mission statement. And this is just part of the action, there's more to come! You do not want to miss the fascinating panel discussion that starts at 6:00 p.m. Top industry experts including Kishor Kharat, Former MD &amp; CEO of Indian Bank and IDBI, Vipul Sharma, Founder and CEO, of Chqbook, and Jinand Shah, MD &amp; CEO of Online PSB Loans discuss innovative finance solutions for small businesses. Since we've just talked about money, it's time to discuss technology, another critical need for MSMEs. And the <keyword id="4106334" type="General" weightage="20" keywordseo="msme-exchange" source="Orion">MSME Exchange</keyword> 2023 has you covered there as well. Do you have queries very much like "Can MSMEs transform and expand more? ", or "Is digital transformation the solution to issues encountered by small businesses? Our panellists, Ketan Gaikwad, MD and CEO of RXIL, Sundeep Mohindru, Founder &amp; Director of M1xchange, and Avinash Godkhindi, MD and CEO of Zaggle, will share their knowledge on how technology is empowering MSMEs. The discussion will start at 6:30 p.m. and will be moderated by NASSCOM Vice President and Head of Membership Srikanth Srinivasan. Finance and technology may be the building elements of a firm, but what keeps it operating long-term is a strong foundation built on sustainability. In his final remarks, Sudarshan Chari, Executive Director and Head of Business Banking at DBS Bank India, will discuss how sustainability is a key tenet for startup companies. The big finale will feature a master class on growing your brand in India from micro to small to big from Spring Marketing Capital's founder and creative partner, Arun Iyer! Small businesses must adapt to the changing times and position themselves well for a digital-first era. You will learn about the foundational elements of marketing and how to create memorable client experiences with this masterclass. If you don’t want to miss out on any of this action, register now on this link: <a href="https://www.businessinsider.in/msme-exchange-2023">https://www.businessinsider.in/msme-exchange-2023</a>

MSME Exchange 2023 goes live on Jan 18: Get insights from leading voices that matter

From home sales and jewellery to power consumption, these are all the sectors that are back to pre-pandemic levels

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BharatPe acquires 51% stake in Mumbai-based NBFC Trillion Loans

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AI & ML specialists top of list of fastest growing job roles

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MSME Exchange 2023 goes live on Jan 18: Get insights from leading voices that matter

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From home sales and jewellery to power consumption, these are all the sectors that are back to pre-pandemic levels

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