New Delhi, March 25 – The government’s Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with fintech platform, Razorpay, to provide startups with access to financial tools, founder enablement programs, and ecosystem support to accelerate their growth, the government said on Wednesday.
The collaboration aims to support startups, innovators, and entrepreneurs across the country by assisting early- and growth-stage ventures to scale efficiently by leveraging digital payment solutions, financial infrastructure, and startup support initiatives, according to an official statement.
The collaboration will also provide incorporation support, mentorship, and structured guidance to help startups formalize, build, and expand their operations.
Furthermore, a Startup Sahayak platform was launched to support early-stage founders through end-to-end assistance, including company incorporation, access to central and state government schemes and programs.
The platform will provide guidance on funding opportunities and enable startups to access essential ecosystem support through a structured interface, the Ministry of Commerce & Industry said in a statement.
Furthermore, DPIIT and Razorpay will conduct regular knowledge sessions on topics such as applied artificial intelligence, marketing, product development, and financial management through the Startup India Hub to ensure wider outreach, the statement said.
DPIIT-recognized startups will receive incorporation support with zero professional fees (excluding applicable government charges), along with access to credits and incentives across a range of financial and business tools.
Startups will also gain access to mentorship support, pitch deck reviews, application guidance, and curated resources to support early-stage growth. Selected startups will be onboarded into curated founder communities to facilitate peer learning, networking, and access to additional ecosystem support across domains such as engineering, hiring, and marketing, the ministry said.
Joint Secretary, DPIIT, Sanjiv, emphasized that facilitating seamless access to financial infrastructure and tools will play a crucial role in accelerating the growth of startups.
Chief Executive Officer and Co-founder, Razorpay, Harshil Mathur, highlighted the increasing emergence of startups across the country, particularly in Tier 2 and Tier 3 cities, making robust infrastructure, mentorship, and ecosystem support crucial for the country.
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