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Startup Mahakumbh Floats INR 30 Cr Startup Maha Rathi Challenge To Boost Startups


SUMMARY

This initiative aims to empower Indian startups with funding, mentorship and strategic guidance

The challenge will offer INR 30 Cr in funding, mentorship from industry experts and networking opportunities with global investors

The programme will support startups across 11 key sectors, including AI and deeptech, biotech and healthtech, gaming and sports, fintech, incubators and accelerators, mobility, agritech, B2B and precision manufacturing, D2C, climatetech, and defence and spacetech

The department for promotion of industry and internal trade (DPIIT) has partnered with Avaana Capital, LetsVenture, Karnataka Digital Economy Mission, IVCA, HDFC and others to launch Startup Maha Rathi Challenge, as a part of the second edition of Startup Mahakumbh.

This initiative aims to empower Indian startups with funding, mentorship and strategic guidance.  

The challenge will offer INR 30 Cr in funding, mentorship from industry experts and networking opportunities with global investors.

The programme will support startups across 11 key sectors, including AI and deeptech, biotech and healthtech, gaming and sports, fintech, incubators and accelerators, mobility, agritech, B2B and precision manufacturing, D2C, climatetech, and defence & spacetech.

The competition began with applications launched yesterday (February 26), leading to a live pitching finale from April 3-5 at Bharat Mandapam in New Delhi.

Union minister for commerce and industry, Piyush Goyal said, “The Startup Maha Rathi initiative marks a pivotal stride toward achieving India’s vision of ‘Viksit Bharat 2047.’ By offering strategic financial support and expert mentorship, this initiative will empower the nation’s most promising startups to scale, innovate, and drive transformative change, strengthening India’s position as a global leader in entrepreneurship and innovation.”

(The story will be updated soon)





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