DBS Bank India has announced a commitment of US$250 million to provide loans to startups across the country, according to Tech in Asia report.
This commitment by DBS India is aimed at bolstering startups that are leveraging advanced technologies to create innovative solutions in various sectors.
The initiative targets a wide array of startups, with a particular focus on those operating in technology, healthcare, and sectors benefiting from AI applications, including finance, retail, and logistics.
Additionally, DBS India’s funding initiative builds on the success of its Businessclass FoundED forum that was launched in April 2022 in collaboration with VC firm Anthill Ventures and the Headstart Network Foundation.
The forum has already made substantial inroads, engaging with over 1,000 startups and 50 incubators nationwide.
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- Source: https://fintechnews.sg/93408/fintech-india/dbs-india-commits-to-offer-us250-million-in-loans-for-local-startups/
