New Delhi
HSBC India has launched its Innovation Banking platform to support startups and fast-growing businesses across the country. The bank announced a $1 billion allocation in non-dilutive debt funding to help Indian startups expand without giving up equity, allowing founders and investors to maintain greater control over their companies.
The new platform will offer financial solutions across all stages of business development — from seed funding to IPO. HSBC said the initiative aims to strengthen India’s entrepreneurial ecosystem by connecting startups with global networks and tailored financial products.
According to the bank, it already holds a strong balance sheet for venture and private equity fund financing. The Innovation Banking launch will expand this reach, covering a wider range of funds and business needs.
David Sabow, Global Head of HSBC Innovation Banking, said the $1 billion commitment reflects the bank’s long-term faith in India’s innovation economy and its role in driving job creation and skill growth. Ajay Sharma, Head of Banking at HSBC India, said the platform builds on HSBC’s proven record of helping startups grow, adding that the bank’s global connectivity and vast venture network will help Indian startups expand into international markets.
HSBC noted that India, being the fastest-growing major economy and a global technology hub, has immense potential in innovation-led growth. The bank estimated that startups in India could contribute $1 trillion to the economy and generate up to 50 million jobs by 2030, further boosting the country’s development goals.
