Business
Lanka Accelerator launched in Sri Lanka
Kaleidoscope (Pvt) Ltd. announced the launch of Lanka Accelerator brand in Sri Lanka today. Lanka Accelerator is powered by India Accelerator (iA) which was adjudged the Best Accelerator in India by Start Up India. Lanka Accelerator’s agreement with India Accelerator is to help support its design, development and success.
India Accelerator is part of GAN (Global Accelerator Network). The GAN is a ‘By-Invite’ network of over 80 of the most highly respected accelerators on six continents and more than 100 cities around the world. To date, the network has helped some 3,200 companies receive over $4.8B USD in funding and create 21,000 jobs globally.
Santosh Menon, Chairman Kaleidoscope (Pvt) Ltd. and Founding Partner of Lanka Accelerator said “I am truly delighted to announce the launch of Lanka Accelerator in Sri Lanka. There is no better time than this to launch such an enterprise. There is a crying need to unleash the entrepreneurial spark among the young and Lanka Accelerator aims to do just that”. He further added, “This is an unprecedented opportunity for corporate Sri Lanka to seek solutions to any problems that might enhance their efficiency and productivity- with the competence and expertise of India accelerator in offer. We will combine to offer unique customized solutions to the challenges Sri Lankan corporates face. The combination of high-quality Sri Lankan tech expertise combined with the best start-up solutions from India will add tremendous value to local businesses”.
Chanithi Gunasekera, Founding Partner of Lanka Accelerator said “There are many young people who have great business ideas, but give up because they can’t see the way forward in terms of technology support, legal advice, marketing inputs, financial planning or due to lack of investment. We would like to bring the entire ecosystem to Sri Lanka to give confidence to future unicorns that anything is possible”.
India Accelerator was adjudged the best accelerator in India- which in the last 5 years have redefined elements of the startup eco system in India.
Ashish Bhatia, Founder and CEO of India Accelerator said “We are excited to power Lanka Accelerator with our expertise and competencies. The aim is to open all the services that sit within the India Accelerator Multiverse. Start-ups can have a powerful positive impact on the society at large. From creating jobs, to providing purpose, to creating wealth, to improving GDP. Sri Lanka’s start-up ecosystem is in its nascency and there is a lot of upsides for everyone involved. Lanka Accelerator, powered by India Accelerator will offer incubation, mentorship, tech and educational support through our labs, and access to a cohort system to accelerate ideas from infancy to full development. We will also bring iAngels, our network of over 1500 global investors to support Sri Lankan Startups through investments”.
iA Verticals includes, Direct to Customer, Deep Tech, Pulse- Health Tech, Hypersonic- Web3 & Blockchain, Cipher – Cyber Security, iAgri – AgriTech, B2B SaaS, Sports, Media & Entertainment, Social Labs – Impact. It has achieved a 25X Growth in 4 years empowering 140+ Startups with a USD 350Mn valuation of IA Portfolio Companies and has created 3500+ Direct / Indirect Jobs. iA multiverse includes, iAngels- Angel Network, iA Labs- Education Services, iA CEP- Campus Engagement Programme, iA CAP – Corporate Accelerator Programme and iAspire- Female Founder’s Programme.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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