Mumbai: JPMorgan India plans to scale up its startup banking division to serve over 100 companies in the coming years, aiming to strengthen its foothold in India’s rapidly growing tech sector.
According to Pranav Chawda, CEO of JPMorgan Chase Bank India, the bank launched its “innovation economy” initiative in the U.S. around five to six years ago before expanding globally. In India, the initiative began 30 months ago and currently supports around 50 startups.
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