SBI extends support to startups in 7 distinct avenues
The State Bank of India offers expert advisory services to startups across the country, covering project advisory, finance, and equity-debt matters. This support helps startup founders develop business strategies, conduct market research, and adopt best practices. SBI extends assistance to startups in seven key areas. Read
The State Bank of India offers comprehensive advisory services to startups nationwide. This initiative encompasses expert guidance in project advisory, financial services, and equity-debt matters. By availing themselves of these services, startup founders gain valuable insights into crafting effective business strategies, conducting market research, and adopting industry best practices. SBI provides support to startups across seven distinct avenues:
Advisory Expertise
SBI offers comprehensive advisory services to startups nationwide, encompassing project guidance, financial consultations, and equity-debt insights. This empowers startup leaders to craft effective business strategies, conduct market analyses, and adopt industry best practices.
Custodial Services for VC & AIF
Acknowledging the pivotal role of venture capitalists and alternative investment funds in the startup ecosystem, SBI furnishes custodial services tailored to these entities. This includes administration and secure safekeeping of financial assets and securities.
Regulatory Compliance in Fundraising
Navigating the intricacies of fundraising regulations is critical for startups. SBI facilitates compliance adherence through structured finance services, ensuring alignment with legal mandates and mitigating potential obstacles.
Fundraising Assistance
SBI actively assists startups in their fundraising endeavors, leveraging its expansive platform and network. Where necessary, SBI extends loan facilities to fulfill debt funding requirements.
Current Accounts and Digital Solutions
SBI offers startups current account facilities to streamline their business operations. Additionally, the bank provides an array of digital services such as mobile banking, payment gateways, and other digital products, facilitating startup growth.
Global Transaction Management
Startups receive support from SBI in managing international transactions. Through Forex & Treasury services, SBI oversees inbound and outbound money flows for startups engaging in global business activities.
Transactional and Operational Efficiency
SBI's suite of cash management products, credit card solutions, and investment services enhances transactional and operational efficiency for startups. These services empower startups to effectively manage cash flows, streamline payments, and accept transactions seamlessly from anywhere.