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Time of India
2 days ago
- Business
- Time of India
HSBC's next move could shake up India's venture debt play
HSBC's next move could shake up India's venture debt play Getty Images Synopsis London-based banking major has serious plans to start a venture debt fund in the country. India could well be HSBC's next destination after the UK, the US, Israel and Hong Kong to launch its Innovation Banking, a separate division for startups. By MANU P TOMS 5 Mins Read, Jun 05, 2025, 05:00 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close The 1GBP acquisition of the UK unit of collapsed Silicon Valley Bank in early 2023 opened new avenues for global banking major Hong Kong and Shanghai Banking Corp (HSBC). The move offered a quick start to its startup banking division, HSBC Innovation Banking. SVB's clients – 3,000 European startups and venture capital funds – became its customers overnight. HSBC Innovation Banking then spread its wings to the US, Israel, and Hong Kong. Its next
Time of India
11-05-2025
- Business
- Time of India
Despite losing market share, why BigBasket is still a good bet
Despite losing market share, why BigBasket is still a good bet Company Images Hari Menon, co-founder and CEO of BigBasket. Synopsis Once the undisputed market leader, BigBasket is slogging to defend its turf against its upstart rivals. The Tata-owned company is in the market to raise external funding. For those private equity investors who want to enter the most happening consumer Internet segment, the online grocery commerce company may well be their last bus. By MANU P TOMS 8 Mins Read, May 12, 2025, 04:45 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close For long, BigBasket was the unquestioned leader in India's online grocery market. Four years ago, it was more than twice as large as its nearest competitor. Be it the resourceful e-commerce marketplace giants Amazon and Walmart-backed Flipkart or the venture capital darling Grofers, nobody could unseat BigBasket from its numero uno position. In 2021, at 450,000 daily orders, 20 million users, USD1 billion GMV (gross merchandise value) and 34%
