DBS Bank India announces $250 million lending support for start-ups, ‘new economy’ companies

DBS Bank India announced a lending commitment of USD 250 million for new-age start-ups, demonstrating its dedication to fostering innovation and entrepreneurship in India’s thriving start-up ecosystem. With over 90,000 start-ups and more than 100 unicorns in India as of 2024, access to capital remains a significant challenge for these companies despite their growing resilience.

Initiative Overview:

• DBS Bank India earmarks USD 250 million for lending support to start-ups.
• Focuses on enterprises leveraging emerging technologies to redefine industry standards.
• Aims to address the ongoing challenge of capital accessibility for start-ups in India.

Advanced Risk Assessment Framework:

• Combines traditional metrics with modern analytical tools for risk assessment.
• Ensures a balanced approach to financing start-ups.

Tailored Banking Solutions:

• DBS Bank India delivers customized banking solutions tailored to the needs of start-ups.
• Evaluation process ensures solutions match the dynamism of industry innovators.

Exclusive Benefits for Start-ups:

• Offers exclusive benefits curated from various partners to bolster agility and growth.
• Initiatives like DBS Businessclass FoundED engage with start-ups and incubators across India.

About DBS Bank:

• Leading financial services group in Asia with a presence in 19 markets.
• Recognized for global leadership and innovation in digital banking.
• Committed to responsible banking and sustainability initiatives.

DBS Bank India’s Presence:

• Operating in India for 29 years, providing banking services to enterprises and consumers.
• First large foreign bank in India to operate as a wholly owned, locally incorporated subsidiary.
• Network of approximately 530 branches across 19 Indian states.