New Delhi, Oct. 9 -- HSBC has launched its Innovation Banking proposition in India, rolling out a dedicated suite of banking and financing solutions for startups and their investors. As part of the launch, HSBC India expects to allocate $1 billion in non-dilutive debt capital aimed at helping early- to late-stage companies scale without ceding equity. The bank says the offering will complement an existing balance-sheet allocation for fund financing across venture and domestic private equity funds and will tap a global network of experts to support growth-stage companies.

"By expanding Innovation Banking into India, we are signalling our intent to support entrepreneurial ambition globally. Our $1bn allocation is a clear sign of our intent...