HSBC India on Thursday announced the launch of its ‘Innovation Banking’ platform in India, designed to provide comprehensive banking and financing solutions for entrepreneurial ventures at every stage of growth—from seed funding to IPO—along with support for their investors.
As part of this initiative, the bank has committed $1 billion in non-dilutive debt capital, not only to help Indian startups scale their operations without giving up equity but also to enable founders and investors to maintain greater control over their businesses, the bank said in a statement.
HSBC India added that it already holds a significant balance sheet allocation for fund financing across venture capital and domestic private equity funds. With the introduction of Innovation Banking, the bank aims to broaden its offerings to cover a wider range of funds and financial propositions, strengthening its foothold in the startup ecosystem.
The launch in India also marks an expansion of HSBC’s global Innovation Banking network, which connects clients through over 900 experts worldwide and provides specialized financing solutions.
David Sabow, Global Head of HSBC Innovation Banking, said the $1 billion allocation reflects the bank’s long-term commitment to India’s innovation economy, job creation, and skill development.
Ajay Sharma, Head of Banking, HSBC India, said, “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.”
He further noted that HSBC’s global connectivity and extensive venture network position the platform to help Indian startups scale internationally and access new markets.
Highlighting India’s potential, HSBC India said that Indian startups will contribute $1 trillion to the domestic economy and create 50 million new jobs by 2030, as the country continues to be the fastest-growing major economy and a global tech and talent hub.
