Mumbai, Apr 8 (KNN) The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with HDFC Bank with an endeavor to strengthen the BSE Startups platform by spreading more awareness on the benefits of listing of startups on this BSE startup platform.

The startup platform was launched by BSE on December 22 with an aim to encourage entrepreneurs to get listed and raise equity capital for their growth and expansion.

Ajay Kumar Thakur, Head BSE SME and Start Up said, “BSE is the first exchange to have launched the Start Up platform. The idea was to help entrepreneurs look beyond the conventional channels of raising capital and enable them to list on the stock exchange to further enhance the credibility of the firm.

While we have conducted numerous seminars in Tier 1, 2 and 3 cities on the benefits of listing on the BSE Start Up platform, we believe by associating with a leading bank likHDFC that boasts of a large network, presence and start up base would enable more firms to choose our platform and raise funds as well as improve productivity,” he added.

Smita Bhagat, Country Head – Government, e-commerce and Start-ups, HDFC Bank, said, “This is part of our commitment to the larger cause of strengthening the startup community/ecosystem in the country. Startups are today reimagining and reshaping the world we live in. We are already partnering with them by mentoring them and giving them a chance to work with us. We are extremely happy to reinforce our commitment to them through this partnership with BSE. ”

According to BSE Start-up website, BSE Startups Platform offers an entrepreneur and investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.