Mumbai, 12th May 2022: eMSME is one of India’s leading next-generation platform that offers one-stop solutions to fulfill MSMEs’ financial, taxation, and compliance requirements. Founded on December 22, 2020, the company aims to transform MSMEs (Micro, Small & Medium Enterprises) and make them digital, credible, and bankable. It possesses a disruptive workforce that strives to solve complex problems with potential solutions.
Despite MSMEs being the backbone of the Indian economy and contributing 30% of India’s GDP, they struggle to acquire loans and credits from banks, owing to poor creditworthiness. MSMEs saw the sharpest decline in their operations due to closures of retail shops, factories, etc., to prevent the spread of the deadly COVID-19 virus. Factors like extended lockdown and lack of digitization made it challenging for them to bear the brunt of fewer customer footprints in their shops. Although many MSMEs opted to seek support from digital platforms for leveraging the online avenue and reviving their businesses, they encountered cumbersome taxation issues still existing in the space. The complex compliances under the GST act have further complicated their processes and demotivated them from exploring the digital world. Moreover, the complex tax policies also deviate from the country’s vision to become a digitally empowered economy.
Therefore, these MSMEs need tailor-made services that will help them solve their taxation, financial, and compliance problems, which eMSME offers with pride. The company provides extensive services in such areas from a single integrated platform that empowers MSMEs to achieve a competitive edge in the market. The platform offers affordable & digital solutions to motivate MSMEs to plan their taxes effectively. eMSME is committed to spreading awareness about filing income tax to help small & medium businesses claim their deducted taxes. It also facilitates registering URC for availing various schemes and makes businesses compliant to avoid the late filing of fees and penalties.
eMSME embraces a unique business model with a predictable, measurable product and price discovery platform. Today, the platform has emerged as a unique platform on Government Scheme Discovery and an integrated enterprise ecosystem with a powerful blend of futuristic technology. These distinguishing factors support eMSME to stand out from its competitors.
The platform’s noble vision of productizing its exceptional services with technology and innovation has helped it accomplish a benchmark success by raising INR 2.5 Cr in the Angel funding round. eMSME envisions becoming the top MSME knowledge hub, delivering impactful services in the MSME ecosystem in India and other South Asian nations in the coming years.