
Investments
38Portfolio Exits
2Partners & Customers
10About DBS Bank
DBS Group (SGX: D05), known as DBS Bank, provides commercial banking and financial services in Asia. Its products and services are comprised of current and savings accounts, fixed deposits, loans and home finance, cards, payments, and investment and insurance products. Its Consumer Banking and Wealth Management segment offers banking and related financial services to consumers, while its Institutional Banking segment delivers financial solutions for institutional clients that include bank and non-bank financial institutions, government-linked companies, and enterprises of all sizes. It was founded in 1968 and is based in Singapore.

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Research containing DBS Bank
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CB Insights Intelligence Analysts have mentioned DBS Bank in 3 CB Insights research briefs, most recently on Dec 15, 2022.

Dec 15, 2022
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40 Corporate Innovation Labs In FinanceLatest DBS Bank News
Sep 28, 2022
A+ Mumbai (Maharashtra) [India], September 28 (ANI/PRNewswire): DBS Bank India Limited today announced that it has provided a bespoke Credit Insurance – Accounts Receivable solution to Tata Metaliks, a pioneer in manufacturing pig iron and DI pipes in India, in collaboration with HDFC ERGO General Insurance Co Ltd and reinsured by Atradius, a worldwide provider of trade credit insurance. This credit insurance deal is amongst the first to leverage Trade Credit Insurance. The revised framework was rolled out by the Insurance Regulatory & Development Authority of India (IRDAI) in November 2021, allowing banks to participate in this proposition. DBS has proven global expertise in managing Trade Credit solutions and is using its global experience to offer best-in-class solutions to customers in India. Through the collaboration between DBS, HDFC ERGO and Atradius, this solution enables corporates to transfer the risk of their account receivables onto an insurer while getting financing against those insured receivables from a bank. Corporates can leverage this solution to transform the credit receivables, reduce risk and speed up their cash conversion cycle. The ability to increase sales to long-standing customers of the corporates differentiates this solution from other financing propositions. Therefore, it is a unique value addition for businesses. Divyesh Dalal, Managing Director & Head, Global Transaction Services, DBS Bank India, said, “We expect insurance-backed receivable discounting to grow into a key working capital management as well as a sales enablement tool for corporates in India. The solution will help treasurers to drive discussion around corporate customers where there is a need to structure the credit risk. In this endeavour, DBS has partnered with insurers like HDFC ERGO and Atradius to create an active trade credit insurance market in India. The deal is expected to ease the credit receivables for not just Indian corporates but also small and medium enterprises. It would help transform the trade landscape in India.” Sanjay Kaw, President, Commercial Business, HDFC ERGO said, “Following IRDAI’s guidelines for Trade Credit Insurance, we are delighted that DBS is one of the first movers in the Indian market, supporting financial transactions backed by Trade Credit Insurance. The policy protects the banks from a potential buyer default in case of funded receivables.” Karishma Suvarna Gadia, Commercial & Sales Head, Atradius India, mentioned, “Opening up of regulations on Trade Credit backed financing holds great opportunities; Atradius prides itself in being in the forefront to find solutions to best suit a client’s needs. We are happy to be associated with DBS to facilitate their working capital solutions.” DBS is a leading financial services group in Asia with 18 markets. Recognised for its global leadership, DBS has been named “ World’s Best Bank ” by Euromoney, “ Global Banks of the Year ” by The Banker and “ Best Bank in the World ” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “ Most Innovative in Digital Banking ” by The Banker. In addition, DBS has been accorded the “ Safest Bank in Asia ” award by Global Finance for 14 consecutive years from 2009 to 2022. DBS was also ranked No. 1 on Forbes’ list of the World’s Best Banks in India for two consecutive years. DBS Bank has been present in India for 27 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank. DBS provides an entire range of banking services for large, medium and small enterprises and individual consumers in India. In 2016, DBS launched India’s first mobile-only bank, digibank, with ~1 million savings accounts. In November 2020, Lakshmi Vilas Bank was amalgamated with DBS Bank India Limited. The bank now has a network of nearly 600 branches across 19 states in India. DBS provides a full range of consumer, SME, and corporate banking services. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers and positively impacting communities through supporting social enterprises, as it banks on the Asian way. It has also established an SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and Asia. In 2020, DBS introduced the “Towards Zero Food Waste” initiative as part of a global sustainability practice to encourage a shift in behaviours and mindsets to reduce food waste. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit of our 30,000+ staff representing over 40 nationalities. For more information, please visit www.dbs.com . HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG; the primary insurance entity of the Munich RE Group of Germany. HDFC ERGO is one of India’s largest non-life insurance companies in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer consumers the best-in-class service experience. The company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), Robotics, and IBM Watson. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~93% of retail policies issued digitally. The self-help tech platform developed by HDFC ERGO has empowered the customers to avail 58% of the services virtually in a self-help mode on a 24×7 basis with ~40% of the customer requesting services digitally. The Company offers a complete range of General Insurance products including Health, Motor, Two-wheeler, Home, Travel, Cyber, Agriculture, Credit, and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health, and Liability Insurance in the corporate space. Be it unique insurance products, integrated customer service models, top-in-class claim processes, or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time. Please log on to www.hdfcergo.com for more information on HDFC ERGO and the products and services offered by the Company. This story has been provided by PRNewswire. ANI will not be responsible in any way for the content in this article. (ANI/PRNewswire) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content. Subscribe to our channels on YouTube & Telegram Support Our Journalism India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that. Sustaining this needs support from wonderful readers like you. Whether you live in India or overseas, you can take a paid subscription by clicking here .
DBS Bank Investments
38 Investments
DBS Bank has made 38 investments. Their latest investment was in Broom as part of their Line of Credit on November 11, 2022.

DBS Bank Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/10/2022 | Line of Credit | Broom | $6.42M | Yes | 5 | |
11/3/2022 | Series A | Partior | Yes | 11 | ||
10/7/2022 | Loan | eFishery | $32.8M | Yes | 2 | |
8/24/2022 | Line of Credit - II | |||||
8/19/2022 | Line of Credit |
Date | 11/10/2022 | 11/3/2022 | 10/7/2022 | 8/24/2022 | 8/19/2022 |
---|---|---|---|---|---|
Round | Line of Credit | Series A | Loan | Line of Credit - II | Line of Credit |
Company | Broom | Partior | eFishery | ||
Amount | $6.42M | $32.8M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 5 | 11 | 2 |
DBS Bank Portfolio Exits
2 Portfolio Exits
DBS Bank has 2 portfolio exits. Their latest portfolio exit was Sunseap on November 02, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
11/2/2021 | Corporate Majority | 8 | |||
Date | 11/2/2021 | |
---|---|---|
Exit | Corporate Majority | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 8 |
DBS Bank Acquisitions
4 Acquisitions
DBS Bank acquired 4 companies. Their latest acquisition was Citibank - Taiwan Consumer Banking on January 31, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/31/2022 | Acquired Unit | 2 | ||||
1/27/2022 | ||||||
11/30/2020 | ||||||
10/31/2016 |
Date | 1/31/2022 | 1/27/2022 | 11/30/2020 | 10/31/2016 |
---|---|---|---|---|
Investment Stage | ||||
Companies | ||||
Valuation | ||||
Total Funding | ||||
Note | Acquired Unit | |||
Sources | 2 |
DBS Bank Partners & Customers
10 Partners and customers
DBS Bank has 10 strategic partners and customers. DBS Bank recently partnered with Ministry of Education Singapore on January 1, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
1/13/2023 | Partner | Singapore | DBS : partners Singapore's Ministry of Education to offer eGIRO Mr Clarence Tang , Divisional Director , Finance and Procurement Division , Ministry of Education , said , `` We are pleased to have partnered DBS in this effort to make it more convenient for parents and guardians to set up GIRO for payment of school expenses . | 1 | |
12/26/2022 | Partner | India | DBS Bank India Partners with Gofrugal Technologies to Help SMEs Adopt ONDC Our partnership with Gofrugal enables us to drive tech-based solutions for merchants desirous of joining the Open Network for Digital Commerce network , thereby enabling wider participation in the next wave of e-commerce sector growth . | 1 | |
12/15/2022 | Partner | India | DBS Bank India announces partnership with Gofrugal Technologies Through this partnership , DBS Bank India is integrating its digital solutions with Gofrugal to help small businesses catalogue their products quickly and expand their sales channels via Open Network for Digital Commerce . | 2 | |
12/8/2022 | Partner | ||||
11/3/2022 | Vendor |
Date | 1/13/2023 | 12/26/2022 | 12/15/2022 | 12/8/2022 | 11/3/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | Singapore | India | India | ||
News Snippet | DBS : partners Singapore's Ministry of Education to offer eGIRO Mr Clarence Tang , Divisional Director , Finance and Procurement Division , Ministry of Education , said , `` We are pleased to have partnered DBS in this effort to make it more convenient for parents and guardians to set up GIRO for payment of school expenses . | DBS Bank India Partners with Gofrugal Technologies to Help SMEs Adopt ONDC Our partnership with Gofrugal enables us to drive tech-based solutions for merchants desirous of joining the Open Network for Digital Commerce network , thereby enabling wider participation in the next wave of e-commerce sector growth . | DBS Bank India announces partnership with Gofrugal Technologies Through this partnership , DBS Bank India is integrating its digital solutions with Gofrugal to help small businesses catalogue their products quickly and expand their sales channels via Open Network for Digital Commerce . | ||
Sources | 1 | 1 | 2 |
DBS Bank Team
78 Team Members
DBS Bank has 78 team members, including current Chief Executive Officer, Stewart Boyd.
Name | Work History | Title | Status |
---|---|---|---|
Stewart Boyd | Chief Executive Officer | Current | |
Name | Stewart Boyd | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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