IndusInd Bank to provide 360-degree financial support to startups under its new programme

Economic Times

11-08-2025

Synopsis
IndusInd Bank launched 'Indus StartUp Banking' on August 11, 2025, a comprehensive program to support early-stage startups in India. The initiative offers banking facilities, credit, and beyond-banking services, including current accounts, API access, and premium lounge access. Startups under 10 years old can apply, benefiting from customized solutions and strategic partnerships.
Reuters IndusInd Bank on Monday announced the launch of 'Indus StartUp Banking', to provide a full-stack of banking facilities, credit, and beyond-banking services to support new-age ventures from inception to scale. The programme by the private lender will provide a host of services including Startup Current Accounts with a 3-year waiver on non-maintenance charges, access to 250+ APIs via a developer portal, payments and collections solutions, corporate salary accounts for employees, and beyond-banking services for tax filing and legal advisory services, HRMS and ESOP management, said the press statement. Startups will have access to premium PIONEER lounges in Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Chandigarh, Jaipur, and Kolkata, providing a space to host meetings with clients and investors. The program also includes exclusive PIONEER personal banking benefits and expert-led sessions for founders.To apply for the programme, startups under 10 years of vintage (in existence) can apply via the lender's website page or by emailing at [e-mail]. 'Our offering is designed to simplify day-to-day operations, reduce financial friction, and provide startup founders a platform to scale confidently. As India's startup ecosystem continues to drive innovation and
economic transformation, IndusInd Bank is proud to play a key role in nurturing their journey," said Soumitra Sen, Head of Consumer Banking & Marketing, IndusInd Bank.India's startup ecosystem is poised for rapid expansion, with the number of startups projected to double from 1.2 lakh in 2023 to 2.4 lakh by 2030, as per a report by executive search firm Longhouse. This growth is expected to drive a surge in high-value enterprises, with the number of unicorns, or startups valued at over $1 billion, likely to increase from 120 currently to 280 by the end of the decade. The report estimates that the startup ecosystem could generate as many as 50 million jobs by 2030. Of these, four to five million will be direct white-collar roles, another nine to 10 million will come from the gig economy, and an estimated 35 to 40 million will be indirect jobs across industries.