YES Bank launches India's 1st E-Marketplace of Innovative Solutions Co-created with Startups

• Marketplace currently hosts 100+ solutions integrated with YES BANK APIs across sectors such as logistics, healthcare, agritech and ed-tech among others


• Creates a ‘one-stop-shop’ for cross sector innovations, co-created with startups enabling MSME and Corporate clients to explore multiple solutions for each use case, identify best fit, request demos of solutions and integrate these


• The Bank will also support customization of solutions and training of personnel, especially in MSME sector


• Platform also gives the opportunity for startups to jointly go to market with the Bank and scale their solution

YES BANK, India’s fourth largest private sector Bank announced the launch of ‘YES SCALE Marketplace’, an industry first online marketplace of innovative solutions, co-created with its APIs and startup partners across sectors. 

The platform eases the process for startups to jointly go-to-market with YES BANK, enabling them to explore ‘live’ use-cases, register their solution and further assist startups in completing their solutions with banking integrations (API Sandbox) to jointly go-to-market  with the Bank to 20K+ corporate & MSME clients. 



While digital solutions for business needs are available across sectors, businesses especially in the MSME segment find it tedious to discover solutions, understand fitment and compare various options. This platform creates a ‘one-stop-shop’ experience enabling businesses to not only view and discover multiple solutions but also explore them in detail through demos and integrate banking seamlessly on their platform. Designed to mimic an online marketplace, the platform completely eases the process of selecting and using solutions through a simple register, explore and ‘add to cart’ process.  

This platform builds on the Bank’s strategy of providing comprehensive technology solutions with integrated banking, thereby addressing the business needs of both Corporate and SME clients. This features 20+ solutions for each use case across five sectors, Supply Chain & Logistics, Clean energy, Agritech, Lifesciences/Healthtech and Ed-tech.  

Marketplace of Cross Sector Innovations with Plug and Play Banking for Clients

Launched in 2018 as a cross sector accelerator program, YES SCALE initially facilitated successful pilots of innovative startup led solutions for Corporate clients such as Mahindra & Mahindra, BigBasket, Schneider Electric, Godrej and ITC among others. Thereafter in early 2019, the program was further extended to the MSME segment with curated, banking integrated plug and play solutions across Ed-tech, Logistics and Clubs. These solutions include an AI enabled platform with integrated payments and collections for school management which has been deployed in 100+ schools, a fleet tracking platform with digital invoicing and collections deployed in 20+ client partners along with a Smart Hospital Management solution with booking, payments and collections among others.

YES SCALE Marketplace launch marks the next phase of the program, bringing together all 100+ solutions co-created by the Bank with startups on a single platform that helps Corporate & MSME businesses to discover solutions for their use cases, explore 20+ solutions for each use case and then finally identify solutions of their choice, all of which come with banking seamlessly integrated through APIs. 

To further build traction and usage of the solution marketplace, the bank is also hosting a series of exclusive showcases across the country. 

The YES SCALE Marketplace can be accessed at www.yesscale.com. YES BANK will continue to work with its customers, the startup ecosystem and ecosystem to continually expand use cases and curated solutions it offers basis feedback.

About YES BANK

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

Top Image - by Rohan Makhecha

Yes Bank Launches New Accelerator Programme for Startups in Smart City, Cleantech, Agritech, Lifesciences Tech and EdTech

After tasting success with its fintech accelerator, Yes Bank is now set to launch multi sector accelerator program.
YES SCALE will offer a 15 week program for startups in the areas of smart city, clean tech, Agritech, Lifesciences tech and education tech.

The bank will invest close to Rs 4.5 crore towards this program which includes the grants for pilots.

“The success of 2 cohorts of YES Fintech have demonstrated our strengths in partnering with fintechs to co-create industry changing banking solutions. Now, with YES SCALE, we will replicate this model across our focus sectors to build deep interventions jointly with our corporate clients. This is fully in line with the Bank’s vision since inception — which was to cater to the sunrise sectors of India's economy using knowledge banking to deliver impactful ecosystem solutions,” said Rana Kapoor, founder & CEO, Yes Bank. The bank will partner with global accelerator partners and corporates to run the accelerator like ITC, Amul, MTR Foods, Artha Venture Partners and Omnivore Partners.

“YES SCALE: AGRITECH - will help us align digital technology solutions to address key business challenges in our business model and also scale up the startup ecosystem,” said Sanjay Sharma, CEO, MTR Foods.

The bank is in discussion with anchor partners across identified sectors. “Our partners will create use cases and help understand what part of their business can be improvised using tech. They will also dedicate leaders to handhold and be mentors besides creating a sandbox environment for testing. Many are willing to coinvest as well,” said Amit Shah, head, strategy and fintech, Yes Bank. Shah adds that while several companies are open to and keen on working with startups, not all have the wherewithal to run a full fledged program. “We are happy to allocate financial and managerial resources to create such a platform. We believe tech can impact these sectors with immediate effect and have strong social impact,” said Shah.

Rs 2.5-3 crore has been carved out of the bank’s CSR funds which will be allocated towards funding for proof of concepts. The bank will not take an equity stake in lieu of the grants.

As per the bank’s research report IFOR 2018 over 80% tech startups in India do not receive funding for pilots and this is a major deterrent for innovation. YES SCALE will provide a pilot grant of upto Rs 20 lakh.

Startups will also get access to over $1 million support through cloud credits, cloud telephony, SaaS invoice discounting etc.

While Agritech has been soft-launched last Friday, other sectors will be rolled out in the next 3-4 weeks. The program will combine physical and virtual presence to work with startups.

In January 2017, Yes Bank had launched business accelerator program for fintech startups in collaboration with T-Hub - India’s fastest growing start-up engine catalyzing innovation, scale and deal flow and Anthill and LetsTalkPayments, a global platform for financial technology (Fintech) insights is the Knowledge partner.

Source - Times of India

Yes Bank Launches New Accelerator Programme for Startups in Smart City, Cleantech, Agritech, Lifesciences Tech and EdTech

After tasting success with its fintech accelerator, Yes Bank is now set to launch multi sector accelerator program.
YES SCALE will offer a 15 week program for startups in the areas of smart city, clean tech, Agritech, Lifesciences tech and education tech.

The bank will invest close to Rs 4.5 crore towards this program which includes the grants for pilots.

“The success of 2 cohorts of YES Fintech have demonstrated our strengths in partnering with fintechs to co-create industry changing banking solutions. Now, with YES SCALE, we will replicate this model across our focus sectors to build deep interventions jointly with our corporate clients. This is fully in line with the Bank’s vision since inception — which was to cater to the sunrise sectors of India's economy using knowledge banking to deliver impactful ecosystem solutions,” said Rana Kapoor, founder & CEO, Yes Bank. The bank will partner with global accelerator partners and corporates to run the accelerator like ITC, Amul, MTR Foods, Artha Venture Partners and Omnivore Partners.

“YES SCALE: AGRITECH - will help us align digital technology solutions to address key business challenges in our business model and also scale up the startup ecosystem,” said Sanjay Sharma, CEO, MTR Foods.

The bank is in discussion with anchor partners across identified sectors. “Our partners will create use cases and help understand what part of their business can be improvised using tech. They will also dedicate leaders to handhold and be mentors besides creating a sandbox environment for testing. Many are willing to coinvest as well,” said Amit Shah, head, strategy and fintech, Yes Bank. Shah adds that while several companies are open to and keen on working with startups, not all have the wherewithal to run a full fledged program. “We are happy to allocate financial and managerial resources to create such a platform. We believe tech can impact these sectors with immediate effect and have strong social impact,” said Shah.

Rs 2.5-3 crore has been carved out of the bank’s CSR funds which will be allocated towards funding for proof of concepts. The bank will not take an equity stake in lieu of the grants.

As per the bank’s research report IFOR 2018 over 80% tech startups in India do not receive funding for pilots and this is a major deterrent for innovation. YES SCALE will provide a pilot grant of upto Rs 20 lakh.

Startups will also get access to over $1 million support through cloud credits, cloud telephony, SaaS invoice discounting etc.

While Agritech has been soft-launched last Friday, other sectors will be rolled out in the next 3-4 weeks. The program will combine physical and virtual presence to work with startups.

In January 2017, Yes Bank had launched business accelerator program for fintech startups in collaboration with T-Hub - India’s fastest growing start-up engine catalyzing innovation, scale and deal flow and Anthill and LetsTalkPayments, a global platform for financial technology (Fintech) insights is the Knowledge partner.

Source - Times of India