- A premier initiative empowering early and growth-stage startups across 11 vital sectors.
- Apply now – submissions open until March 7!
New Delhi, February 27, 2025 – The Department for Promotion of Industry and Internal Trade (DPIIT), in collaboration with Avaana Capital, LetsVenture, Karnataka Digital Economy Mission (KDEM), IVCA, HDFC, and other key stakeholders, has announced the launch of the Startup Maha Rathi Challenge as part of the second edition of Startup Mahakumbh. This flagship initiative aims to empower startups across India with funding, mentorship, and strategic guidance, aligning with the country’s vision of Viksit Bharat 2047.
The Startup Maha Rathi Challenge will provide access to a ₹30 crore fund, mentorship from industry leaders, and networking opportunities with global investors. Additionally, special awards will be granted to innovative startups from emerging states and union territories, ensuring a more inclusive entrepreneurial ecosystem.
Key Focus Sectors
Designed to foster innovation across 11 high-growth sectors, the challenge will support startups in:
- AI & DeepTech
- Biotech & HealthTech
- Gaming & Sports
- Fintech
- Incubators & Accelerators
- Mobility
- Agritech
- B2B & Precision Manufacturing
- D2C
- ClimateTech
- Defence & SpaceTech
The challenge will culminate in a live pitching finale from April 3-5, 2025, at Bharat Mandapam, New Delhi. Selected startups will not only gain national recognition but also have access to mentorship, funding, and investor connections through a jury of over 100 leading VCs, angel investors, and industry experts.
Funding & Awards
- Each startup shortlisted for the grand jury round will receive ₹1 lakh.
- The top two startups per sector will be awarded ₹10 lakh each.
- The next five startups per sector will receive ₹5 lakh each.
- The next five startups per track will receive ₹3 lakh each.
In addition to financial grants, startups will benefit from expert guidance, investor networking, and global exposure through Startup India.
Leadership Statements
Shri Piyush Goyal, Union Minister for Commerce and Industry, emphasized, “The Startup Maha Rathi initiative is a game-changer in India’s journey toward ‘Viksit Bharat 2047.’ By providing financial backing and expert mentorship, we are empowering startups to innovate and drive economic transformation.”
Shri Amardeep Singh Bhatia, Secretary, DPIIT, noted, “India’s startup ecosystem is at a crucial juncture, and initiatives like this ensure high-potential startups receive the right resources to thrive and contribute to India’s economic and technological progress.”
Shri Sanjiv, Joint Secretary, DPIIT, added, “Bridging the gap between startups and investors is our priority. This initiative will offer a structured, high-impact platform for startups to showcase their innovations and gain direct access to funding and mentorship.”
Anjali Bansal, Founding Partner, Avaana Capital, highlighted, “Startup Maha Rathi provides catalytic support for entrepreneurs solving critical national challenges in sustainability, energy transition, agriculture, and deep tech, reinforcing India’s position as a global innovation hub.”
Prashant Prakash, Founding Partner, Accel, stated, “With over 5,000 startups expected to participate, this initiative presents a unique opportunity to invest in businesses that will shape India’s economic future.”
Application Process & Eligibility
- Applications Open: February 26, 2025
- Deadline: March 7, 2025
- Virtual Jury Presentations: March 15–25, 2025
- Eligibility: DPIIT-recognized startups in early or growth stages, registered as Private Limited Companies, LLPs, or Partnership Firms in India.
- Apply at: Startup India Website
About Startup Mahakumbh
Startup Mahakumbh is India’s premier startup ecosystem event, bringing together startups, investors, incubators, accelerators, and industry leaders. Led by FICCI, ASSOCHAM, IVCA, NASSCOM, and Bootstrap Advisory & Foundation, and supported by SIDBI, GEM, ECGC, and DPIIT Startup India, the event provides a dynamic platform for collaboration and growth.
Building on its inaugural success, the second edition of Startup Mahakumbh 2025 is set to attract an even larger audience, following last year’s remarkable participation of:
- 48,581+ business visitors
- 1,306 exhibitors, including leading startups, soonicorns, and unicorns from 26+ states and 14+ countries
- 300+ incubators and accelerators
- 200+ leading angel investors, VCs, and family offices
For more information, visit: www.startupmahakumbh.org
