DBS Bank partners with Headstart and Anthill to support promising startups
Launches DBS BusinessClass foundED, a forum that celebrates modern-day founders and innovators and encourages entrepreneurship.
MUMBAI, India, April 28, 2022 /PRNewswire/ — In line with its vision to support entrepreneurs and innovators, DBS Bank India has partnered with seed venture capital fund Anthill Ventures and evangelist network Headstart Network Foundation to launch DBS Business Class foundED. This forum will be held in multiple cities across India and will celebrate modern founders, innovators and game changers to foster co-innovation and collaboration in the startup ecosystem.
The first event of DBS BusinessClass foundED was recently organized in Hyderabad with actor, entrepreneur and investor Rana Daggubati as the keynote speaker. It brought together a curated collection of leading technology ecosystem founders, investors, and partners and provided them with a platform to collaborate on new business models that addressed ecosystem pain points.
Speaking at the event, Rana Daggubati said, “To change the ecosystem, we need founders who can lead their teams and convey the message that we are here to create products or services for the world. The initiative must come from fearless investors who are willing to invest in various opportunities.” He further stressed the importance of networking through initiatives such as foundED. ”It’s the first step towards educating young startups about who’s around and what’s possible. We need more forums like foundED where government or business units like DBS can come forward to educate young entrepreneurs and help them network.” Indian metaverse company Ikonz, backed by Daggubati and Anthill Ventures, recently secured funding from Village Global, which has investors like Mark Zuckerburg, Bill Gates and Jeff Bezos.
DBS BusinessClass is an initiative of DBS Bank that helps SMEs grow their business and network with key business influencers, receive the latest market trends and gain exclusive access to a knowledgeable community of Asian business brains. foundED takes DBS’s vision further by bridging gaps in the technology and capital spectrum of the startup ecosystem by bringing the right stakeholders to the table to co-invent and innovate. Subsequent editions of foundED are expected to be held in Bangalore, Chennai and Mumbai.
Speaking on the partnership, Divyesh Dalal, Managing Director and Head of Banking Operations, DBS Bank India, said, “At DBS, we strongly believe that technology solutions and innovation will play a key role in empowering the growth of startups and SMEs. It is imperative that banking partners offer these entities integrated solutions across ecosystems. Our partnership with Headstart and Anthill is an effort in this direction, as we want to better integrate our banking solutions into the existing startup ecosystem and provide enabling solutions for startups.” Sudarshan Chari, Executive Director & Head – Business Banking, DBS Bank India said, “DBS SME Banking is committed to providing a host of value added services in addition to bespoke banking solutions. We are excited to launch our partnership with Anthill and Headstart with foundED, where startups would benefit from insights and connections to grow their business and strengthen their competitive advantage. The forum will also allow us to partner in their growth journey and reach out to the startup community in key business hubs. ”DBS supports like-minded ecosystem partners who are committed to creating a positive impact in the community. The bank recently partnered with Stellapps, a leading dairy technology startup, as a banking partner to promote digitalization among small dairies across India. The partnership is expected to benefit nearly 100,000+ dairy farmers in the near future. DBS has also partnered with ODeX, an online document exchange and payment facilitation platform for the shipping industry, to provide hassle-free credit solutions to freight forwarders. This partnership is expected to benefit more than 8,500 freight forwarders, in line with DBS’s commitment to funding local businesses and supporting livelihoods.
About Headstart Network Foundation Headstart is India’s largest “volunteer-driven, grassroots-level startup ecosystem facilitator”.
Headstart started operations in 2007 to support startups and entrepreneurs across India. Headstart has played a pivotal role in shaping the startup ecosystem in India. Today, with the help of over 150 Headstarters, they are realizing the founding vision of “Changing the World with Entrepreneurship”, contributing to startup policy, venture capital, incubation, business innovation, startup education and beyond.
Website: https://headstart.in/ About Anthill Ventures Anthill Ventures is an investment and scaling platform for early-stage startups looking to scale quickly in Indian markets . Anthill’s thesis is to find the right partners globally across funds, family offices and accelerators, and then co-invest with them in highly scalable business ideas that have growth opportunities in Asia. In addition to investment, Anthill provides services that can scale startups to Series A within 12 months.
Website: http://www.anthillventures.com About DBS DBS is a leading financial services group in Asia, operating in 18 markets. Recognized for its global leadership, DBS has been named ”Best Bank in the World” by Euromoney, ”Global Banks of the Year” by The Banker and ”Best Bank in the World” by Global Finance. The bank is at the forefront of using digital technology to shape the future of banking, having been named ‘World’s Best Digital Bank’ by Euromoney and ‘Most Innovative in Digital Banking’ in the world by The Banker. Additionally, DBS has been awarded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021. DBS has also been ranked #1 on the Forbes list of the best banks in the world in India for two consecutive years. DBS Bank has been present in India for 27 years and opened its first office in Mumbai in 1994. DBS Bank India Limited is the first of the major foreign banks in India to start operating as a wholly owned and locally incorporated subsidiary of a world leader. bank. DBS provides a full range of banking services to large, medium and small businesses and individuals in India. In 2016, DBS launched India’s first mobile-only bank – digibank, which now has around 1 million savings accounts. In November 2020, Lakshmi Vilas Bank merged with DBS Bank India Limited. The bank now has a network of almost 600 branches in 19 Indian states. DBS offers a full range of services in the area of personal, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with its customers and positively impacting communities by supporting social enterprises, as it does its banking the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. In 2020, DBS launched the “Towards Zero Food Waste” initiative as part of a global sustainability practice to encourage a change in behavior and mindset to reduce food waste. With its extensive network of operations in Asia and a focus on engaging and empowering its people, DBS presents exciting career opportunities. The bank recognizes the passion, commitment and dynamic spirit of our more than 30,000 employees representing more than 40 nationalities. For more information, visit www.dbs.com. Photo: https://mma.prnewswire.com/media/1806880/DBS_Bank_Anthill_Headstart.jpg PWR PWR
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