Reports suggest that the financial services firm has launched a fund sized at up to $30m and hopes to scale it quickly.
India-based financial services firm HDFC Bank has launched a startup investment fund sized between $25m and $30m, the Times of India reported yesterday, citing undisclosed sources.
The fund will be open to investing in startups in all sectors as long as they are a good fit for the bank, a source said. In addition to funding, HDFC will also offer startups banking products, mentoring, and financial and legal advice.
HDFC’s has previously invested an undisclosed amount in online automotive marketplace…
