HSBC on Thursday, October 9, announced the launch of HSBC Innovation Banking in India, a new initiative aimed at bolstering the country’s fast-growing technology and venture ecosystem.
As part of this launch, the bank has earmarked $1 billion in non-dilutive debt capital to support startups across different growth stages — from seed to IPO. The programme will enable Indian founders and investors to scale their ventures without diluting equity, providing access to tailored banking and financing solutions designed specifically for entrepreneurs and venture investors.
The launch marks a major expansion of HSBC’s existing lending programme for India’s startup ecosystem. The bank already provides significant financing to venture capital and private equity funds, and will now deepen its involvement through the Innovation Banking platform.
“By expanding Innovation Banking into India, we are signalling our intent to support entrepreneurial ambition globally,” said David Sabow, Global Head of HSBC Innovation Banking. “Our $1 billion allocation is a clear sign of our intention to help startups achieve greater growth through funding and our global expertise.”
Ajay Sharma, Head of Banking, HSBC India, added, “Innovation is reimagining the future of the Indian economy and shaping new global possibilities. With the launch of HSBC Innovation Banking, we are strengthening our partnership with India’s vibrant startup ecosystem.”
HSBC has also appointed Dilip Gopinath as the Head of HSBC Innovation Banking, India. With nearly two decades of financial sector experience, Gopinath will lead a dedicated team providing customized financial solutions for startups and tech-led businesses.
The move positions HSBC among the few global banks offering a comprehensive innovation banking model in India, as the country’s startup ecosystem continues to grow rapidly across fintech, AI, and deep-tech segments.