DBS Bank India Pledges $250 Million for Startups

DBS Bank India has announced a big step for new-age startups in India. They are committing to lend $250 million to support these innovative companies. The goal is to help them grow and succeed in the country’s fast-growing startup world.

India’s startup scene has been booming, with over 90,000 startups and more than 100 unicorns by 2024. However, getting money to fuel their growth is still a big challenge for many of these companies. DBS Bank India wants to change that by offering financial support to startups that are using new technologies to make a difference.

Rajat Verma, who leads the Institutional Banking Group at DBS Bank India, explained that they are excited to help these young entrepreneurs. They believe in the power of innovation to solve real-world problems. With this lending commitment, they aim to support startups that are showing improved performance and a focus on making profits.

DBS Bank India doesn’t just want to provide money; they also want to offer other kinds of support. They will use their digital expertise and connections across Asia to help startups grow. This includes helping with things like managing operations, logistics, and making important business connections.

In short, DBS Bank India wants to be a trusted partner for startups in India. They are committed to supporting these companies as they grow and make a difference in the world.