HSBC Launches Innovation Banking in India, Commits $1 Billion to Support Startups

New Delhi – HSBC India on Thursday unveiled its Innovation Banking platform in India, offering specialized banking and financing solutions to support entrepreneurial ventures at every stage—from seed funding to IPO—as well as their investors.

As part of this initiative, HSBC plans to allocate $1 billion in non-dilutive debt capital to Indian startups. The funding is aimed at early- to late-stage growth companies, enabling them to scale operations without giving up equity, thereby helping founders and investors retain greater control over their businesses, according to a bank release.

HSBC India already maintains a substantial balance sheet allocation for fund financing across venture capital and domestic private equity. With Innovation Banking, the bank seeks to broaden this offering, encompassing a wider range of funds and tailored propositions.

The launch in India expands HSBC’s global Innovation Banking platform, providing customized financing and connectivity through over 900 experts worldwide.

David Sabow, Global Head of HSBC Innovation Banking, stated that the $1 billion allocation reflects a long-term commitment to India’s innovation economy, job creation, and skill development.

Ajay Sharma, Head of Banking, HSBC India, added, “With the launch of HSBC Innovation Banking in India, we are deepening our support for the vibrant startup ecosystem, where we have a proven track record of partnering with clients on their growth journeys. Through our global connectivity and extensive venture network, HSBC Innovation Banking is well positioned to help Indian startups scale internationally and access new markets.”

HSBC India highlighted that as the fastest-growing major economy and a hub for technology and talent, Indian startups are expected to contribute $1 trillion to the domestic economy and generate 50 million new jobs by 2030.

With inputs from IANS