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    PHOTO CREDIT :Keukenhof

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  • Home
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    PHOTO CREDIT :Keukenhof

    Keukenhof Gardeners Plant the First Flower Bulbs

    Dr. Sara George Muthoot Receives Lifetime Achievement Award

    10 Transformative Innovations for Climate Action and Planetary Health

    IATA Launches Global Campaign to Help Travelers Fly Safely with Lithium Batteries

    Supercomputing India 2025 Sets the Stage for HPC, AI, and Quantum Innovation

    Global health security hangs in the balance in a volatile and uncertain world, report emphasizes

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    Keukenhof Gardeners Plant the First Flower Bulbs

    “It’s our way of adding an extra spark to the festive season, making it more joyful and memorable for everyone.”-Ms. Kamakshi Mantri- CSO, Mantri Square Mall

    TTD Approves New Tirupati Temple in Mangaluru: TTD Member S Naresh Kumar

    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

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    UBS appoints Chief AI Officer to drive its AI strategy

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    Happiest Health launches Happiest Ayurveda clinic in Jayanagar, Bengaluru.

    Herbalife India Launches Liftoff® – A Zero Added Sugar Effervescent Drink

    Chief Minister Siddaramaiah inaugurated a super specialty hospital in Belgaum.

    Heart Transplant Gives 63-Year-Old Man from Madanapalle a New Lease of Life

    KARNATAKA HEALTH MINISTER DINESH GUNDU RAO LAUNCHES DOCBRELLA.

    Mauritius to Host 2nd International Musculoskeletal Summit (IMS 2.0) 2025

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    NTT DATA Enhances Salesforce Capabilities with Strategic Acquisition of EXAH

    India’s Best Minds Must Power Defence Innovation for Vision 2047,” says CMD, BEL at CII AeroDef Tech Summit 2025

    150 students complete Sona Group’s Xccelerator 2.0 Programme powered by Unreal Engine, Dassault

    OPPO India launches F31 5G Series: The Best Smartphone for Durability with Smooth and powerful performance

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    Apple Koregaon Park opens to customers this Thursday, September 4, in Pune

  • Auto

    Ola Launches Ola शfRत; enters India’s 1 Lakh Cr Battery Energy Storage Systems (BESS) market

    Volvo Cars celebrates four million cars produced on SPA architecture

    PPS Motors launches MG Windsor Inspire Edition.

    JSW MG Motor India Launches the Windsor Inspire Edition

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    TOYOTA GAZOO Racing title fighters enter asphalt adventure

    Greenwood High Hosts CISCE National Chess Championship 2025

    ‘India has good, leading swimmers, they just need more of them,’ says legendary swimming coach Michael Bohl

    Bulls tamed in tie-breaker thriller! Puneri Paltan’s all-round performance takes them to top of points table

  • Entertainment

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

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    Malabar Gold & Diamonds Opens its Showroom at Vaishali Enclave, Pitampura, Inaugurated By Bollywood Star Anil Kapoor

    Coffee Island Debuts in Mumbai with Its First Café at the Iconic Eros Building, Churchgate

    Eugenix Hair Sciences Unveils Its Global Facility for Hair Restoration in Gurgaon

    Jockey Marks Retail Milestone with Launch of 1500th Exclusive Brand store in India

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DBS Bank India Announces USD 250 Million Lending Support for start-ups and New Economy Companies

by FWM
March 21, 2024
in Business
0

CREDIT;DBS

Introduces future-focused funding program to fuel growth aspirations of tech-focused enterprises
Mumbai, Maharashtra, India:Thursday, March 21, 2024 11:32AM IST (6:02AM GMT)  DBS Bank India announced a lending commitment of USD 250 million for new-age start-ups today. The initiative is part of the bank’s focus on fostering innovation and entrepreneurship within the country’s thriving start-up ecosystem.
The Indian start-up sector, a foundational pillar of the country’s development goals, has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024. Despite their growing resilience, access to capital for these companies in the current dynamic environment presents an ongoing challenge. Recognising the disruptive power of the start-up segment, particularly those harnessing emerging technologies, DBS Bank India has earmarked lending support of USD 250 million, focusing on enterprises that are set to redefine industry standards with innovative solutions.

Rajat Verma, Managing Director & Head, Institutional Banking Group, DBS Bank India said, “We are inspired by the ability of new-age entrepreneurs to harness innovation to solve real world challenges and hope to play a constructive role in their growth. We believe that our lending commitment of USD 250 million for start-ups comes at an opportune time as the sector has been demonstrating improved operating metrics and a sharper focus on profitability in recent years. DBS Bank India intends to leverage our advanced digital expertise, deep Asian connectivity, and ecosystem partnerships to offer holistic support, even going beyond banking to empower these innovators to streamline operations, manage logistics and gain access to larger business networks. As a different kind of bank, our overarching objective is to become a trusted partner for start-ups across sectors and support them throughout the business lifecycle.”
The bank’s advanced risk assessment framework, which combines traditional metrics with modern analytical tools, ensures a balanced approach to financing. The comprehensive evaluation process ensures that DBS Bank India can deliver tailored banking solutions that match the dynamism of the industry innovators it partners with. Given the unique hurdles encountered by start-ups in the digital economy, DBS goes the extra mile to offer a host of exclusive benefits curated from across partners, which will enable these companies to bolster agility and unlock growth. Through platforms like DBS Businessclass FoundED, the bank celebrates modern-day founders, engaging with over 1000 start-ups and 50 incubators across India till date.

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