Yes Bank has invested an undisclosed amount in Venture Catalysts Group Fund an integrated startup incubator offering funding, mentorship, and network to startup founders. The bank has also invested in its associated firms Beams Fintech Fund and 9 Unicorns.

“We are pleased to partner with Venture Catalysts and its allied platforms Beams Fintech Fund and 9 Unicorns Accelerator Fund. We believe this partnership is in the direction of becoming the go-to-bank for technology startups,” said Ajay Rajan, country head, transaction Banking of Yes Bank.

Rajan believes India is at the cusp of massive growth, and the collaboration between banks and tech companies especially with fintechs will play a critical role in this journey.

Venture Catalysts was founded in 2015 by Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain, and Gaurav Jain. The company deploys investments between $250,000 and $1.5 million in early-stage startups. So far, it has backed over 110 startups like BharatPe, Beardo, and Blu Smart Mobility, among others.

With this investment, Yes Bank aims to bolster its investment in digital finance and help tech companies ideate and experiment with various use cases such as agriculture, healthcare, commerce, and education.