Global banks muscling into Indian startup scene

Foreign banks are now pitching for relatively small deals with start-ups, hoping this will lead to more lucrative work, banking sources say.

Late to the party, global investment banks are determined to get a slice of the action from the booming startup scene.

Global investment banks are scrambling to get a piece of the action from India’s booming technology startups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals.