Nilekani, VCs invest Rs 140cr in venture helping SMEs

Infosys co-founder Nandan Nilekani and three venture capital (VC) funds - Accel Partners, Kalaari Capital and Inventus Capital - have invested in a new round in Power2SME, a venture that aggregates raw material demands of small and medium enterprises (SMEs) and services these bulk requirements by negotiating with big suppliers.