BSE, HDFC Bank tie up to strengthen startup platform

The BSE has signed a memorandum of understanding (MoU) with HDFC Bank with an objective to strengthen the BSE Startups platform.

The MoU has been signed to spread more awareness on the benefits of listing of startups on this BSE startup platform.

The exchange had launched the startup platform on December 22, with an aim to encourage entrepreneurs to get listed and raise equity capital for their growth and expansion.


Commenting on the collaboration, Ajay Kumar Thakur, Head BSE SME and Start Up said, “BSE is the first exchange to have launched the Start Up platform. The idea was to help entrepreneurs look beyond the conventional channels of raising capital and enable them to list on the stock exchange to further enhance the credibility of the firm. While we have conducted numerous seminars in Tier 1, 2 and 3 cities on the benefits of listing on the BSE Start Up platform, we believe by associating with a leading bank like HDFC that boasts of a large network, presence and start up base would enable more firms to choose our platform and raise funds as well as improve productivity.”

Smita Bhagat, Country Head – Government, e-commerce and Start-ups, HDFC Bank, “This is part of our commitment to the larger cause of strengthening the startup community/ecosystem in the country. Startups are today reimagining and reshaping the world we live in. We are already partnering with them by mentoring them and giving them a chance to work with us. We are extremely happy to reinforce our commitment to them through this partnership with BSE”.