HDFC Bank has entered into memorandum of understanding (MoU) with a leading early-stage venture capital firm, 100X.VC to support start-ups. Through the agreement, the bank will extend its full suite of specialised services and facilities tailored for start-ups, known as Smart-Up, to all the firms associated with 100X.VC. Also, the bank will extend additional credit facilities and evaluate investment opportunities in these startups.
HDFC Bank and 100X.VC will work together in mutually beneficial areas. The venture capital firm will recommend HDFC Bank as the primary Bank for all its investee companies.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
