The Department for Promotion of Industry and Internal Trade (DPIIT) has collaborated with fintech platform Razorpay to provide startups with financial tools, founder enablement programs, and ecosystem support. This partnership aims to assist startups in scaling efficiently by utilizing digital payment solutions and financial infrastructure. Additionally, startups will receive mentorship, guidance, and incorporation support to help formalize and expand their operations.
A new platform called Startup Sahayak has been launched to offer end-to-end assistance to early-stage founders, including company incorporation and access to government schemes. DPIIT and Razorpay will conduct knowledge sessions on various topics like artificial intelligence, marketing, and financial management through the Startup India Hub to enhance outreach and support for startups.
DPIIT-recognized startups will benefit from incorporation support without professional fees, access to credits, and incentives for financial and business tools. They will also receive mentorship, pitch deck reviews, application guidance, and resources for early-stage growth. Selected startups will be part of curated founder communities to facilitate networking, peer learning, and additional ecosystem support.
Joint Secretary of DPIIT, Sanjiv, emphasized the importance of providing seamless access to financial infrastructure to accelerate startup growth. Harshil Mathur, CEO and Co-founder of Razorpay, highlighted the significance of robust infrastructure, mentorship, and ecosystem support for the increasing number of startups in Tier 2 and Tier 3 cities.
