HDFC Bank launches $30 million startup fund
Private lender HDFC Bank has launched a fund for startups with an initial corpus of $25-30 million. Last week, HDFC Bank announced that it is expanding its SmartUp zones across nine branches in Bengaluru to deal with the activities and interests of startups. The Bank has also tied up with IIT Bombay, IIT Roorkee and IIM Ahmedabad to mentor startups.