HSBC commits US$ 1 billion to fund Indian start-ups under innovation banking platform
- IBEF
- October 10, 2025
Hong Kong and Shanghai Banking Corporation Limited (HSBC) has committed Rs. 8,880 crore (US$ 1 billion) to support start-ups in India through loans under its innovation banking platform. The bank will provide short-term working capital and term loans, aiming to strengthen its presence in one of the world’s most dynamic start-up ecosystems. Global Head of HSBC Innovation Banking, Mr. David Sabow, noted that India is the 13th market with a dedicated platform for start-ups, and the bank will leverage its balance sheet to back entrepreneurs. HSBC had initially earmarked Rs. 444 crore (US$ 50 million) in 2020 for tech start-ups, which grew to Rs. 5,328 crore (US$ 600 million) in 2024, and with 80% of that already committed, the allocation has now been increased to Rs. 8,880 crore (US$ 1 billion).
The innovation banking proposition, launched following HSBC’s acquisition of Silicon Valley Bank in the United Kingdom (UK) in March 2023, provides banking services, working capital, and term loans to early- and late-stage growth start-ups. The bank also funds venture capital and domestic private equity funds in India. Head of Banking at HSBC India, Mr. Ajay Sharma, highlighted India’s position as a global innovation hub, attracting increasing venture capital. With over 900 experts worldwide, HSBC connects innovation-driven ideas with funding to scale. Bangalore, Delhi, and Mumbai remain the leading start-up cities, followed by Chennai, Hyderabad, and Pune. HSBC projects that by 2030, Indian start-ups will contribute Rs. 88,80,000 crore (US$ 1 trillion) to the domestic economy and generate 50 million jobs, reinforcing India’s status as a fast-growing major economy and tech talent hub.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
