MeitY Startup

In a significant step towards nurturing India’s deeptech startup ecosystem, MeitY Startup Hub (MSH) has joined hands with fintech giant Razorpay. The collaboration is designed to empower early-stage startups—especially in Tier II and III cities—by offering them critical mentorship, incorporation assistance, and access to essential fintech tools via Razorpay’s platform for startups, Razorpay Rize.

Through this partnership, startups will gain far more than just technological tools. Razorpay is extending its mentorship program, where founders can receive guidance directly from seasoned Razorpay experts. Additionally, startups will get help with applying to leading global accelerators like Y Combinator—one of the most prestigious launchpads for tech entrepreneurs.

The initiative places a strong emphasis on startups operating in high-impact sectors like artificial intelligence (AI), blockchain, robotics, and the Internet of Things (IoT). These domains are considered crucial for India’s technological future, and the partnership aims to provide the resources, networks, and financial infrastructure needed for these startups to scale not just nationally, but globally.

MSH, under the Ministry of Electronics and Information Technology (MeitY), has long played a key role in India’s innovation landscape. Acting as a central node that connects incubators, accelerators, and other ecosystem stakeholders, MSH is particularly focused on unlocking the potential of entrepreneurs in underserved regions. This partnership with Razorpay is a continuation of that mission—offering deeptech startups a foundation to innovate with confidence and speed.

According to Panneerselvam Madanagopal, CEO of MeitY Startup Hub, the collaboration is designed to help founders navigate early challenges by offering mentorship, access to capital, and digital infrastructure. He emphasized that these supports are especially vital for startups working on complex technologies, where early momentum can define long-term success.

This partnership follows MSH’s recent collaboration with the Startup Policy Forum (SPF), which aims to further strengthen the deeptech sector through policy research, stakeholder engagement, and collaborative innovation. Together, these initiatives reflect a growing momentum in India’s startup ecosystem—where public-private partnerships are being leveraged to fuel next-generation innovation and entrepreneurship.