India · Updated 12 Oct, 06:00 am IST
IDFC First Bank CEO says startups are spreading beyond big cities at ET Startup Awards
Why it matters for readers: It explains why more startups are appearing across India and why banking and practical support matter to their success.
- About 52% of startups banking with IDFC First Bank come from tier-II and -III locations, showing wider geography of entrepreneurship.1
- V Vaidyanathan said the startup story is not confined to a handful of sectors or cities and is being shaped by talent across India.1
- He pointed to advances in satellite technology, hyperspectral imaging and AI-enabled brain mapping as examples of technical ambition in the ecosystem.1
- Vaidyanathan said practical support—access to finance, suitable banking services and advice on fund management—is crucial for startups to move from idea to functioning business.1
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