Banks funding start-up…


The main problem for starting a startup is money…
The very first question which comes to the mind of entrepreneur is…who will invest in my idea???

At present there are various options in this regard like VCs, Angle Investerors,Govt. Agencies along with 3-Fs of business(Friends, family,fools!!).Along with these known sources there are few banks who are investing in startups.
Details of few of them is provided beloow.

Canbank Venture Capital Fund

Contact Details:
Canabank Venture Capital Fund
6 Floor, Naveen Complex
No.14, M.G Road, Bangalore 1
Phone: 91-080- 25586506-507 Telesis Global Solutions

Area of Funding:

Computer Hardware

Computer Software


ICICI Venture Funds Management Company Ltd

Contact Details:
Raheja Plaza, IV Floor
No.17, Commissariat Road
D’Souza Circle
Bangalore – 560 025
Phone: +91 80 2558 3681

Area of funding:

Overseas Investment

Real Estate




Kotak Mahindra Venture Capital Fund

Contact Details:
5th Floor , Bakhtawar, 220, Nariman Point
Mumbai- 400 021
Phone : (022) 2025450 / 2308928 / 2027073

Area of investing:



Life Sciences


Food Processing

SBI Ventures

Contact Details:
202, Maker Tower ‘E’,
Cuffe Parade,
Mumbai – 400 005.
Call : +91 (22) 2217 8300
Fax: +91 (22) 2218 8332

Area of investing:

SIDBI Venture Capital Ltd. National Venture Fund for Software and IT (NFSIT)

Contact Details:
SIDBI Venture Capital Ltd.
Jolly Maker Chambers II’,
107, 10th Floor,
Nariman Point,
Mumbai – 400 021
Phone : (91-22) 2204 3065-69
Fax : (91-22) 2204 3078

Area of Investment:
(under NFSIT)
IT- related



Data Communication

Value Added services

(Under SME Growth Fund)

Unlisted SMEs
Manufacturing sector

Services sector

Infrastructure support

Unit Trust of India-Technology Venture Unit Scheme

Contact Details:
13 Sir Vithaldas Thackersey Marg,
New Marine Lines,
Post Bag No. 11410. MUMBAI – 400 020
Phone : (022) 206 8468 / Fax : (022) 203 1771

Area of Investment:
IT & convergence



Auto Ancillaries

Life Sciences

Retail and Textiles

There are few others who are funding apart from the list like HSBC,IDBI,Gaurdian bank etc…

Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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