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HSBC Increases Lending Commitment to Indian Startups to $1 Billion
HSBC boosts startup financing pledge, aiming to accelerate India's innovation growth.
HSBC raised its India startup lending commitment from $600 million to $1 billion under its innovation banking arm, targeting firms from Series A to pre-IPO stages. The UK-based bank plans to expand financing for tech-led and high-growth startups, including those with ongoing cash burn. This initiative aims to strengthen India’s startup ecosystem, now hosting over 115 unicorns, by providing flexible credit solutions and global banking support to accelerate innovation across fintech, SaaS, and consumer tech segments.