Razorpay and MeitY Startup Hub Spark Startup Revolution Beyond Metro India

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  Razorpay fuels deep tech innovation
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  MeitY Startup Hub partnership
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  Empowering startups in Tier 2 and 3 cities

Razorpay has joined hands with MeitY Startup Hub (MSH), a flagship initiative under the Ministry of Electronics and Information Technology, to accelerate India’s deep tech and emerging technology ecosystem. The partnership aims to empower startups, particularly those operating in Tier 2 and Tier 3 cities, by providing access to Razorpay’s fintech infrastructure, founder-first tools, and exclusive mentorship opportunities.

MSH plays a critical role in India’s technology vision by connecting incubation centres, Centres of Excellence, and strategic partners to help tech-driven startups scale sustainably. Currently supporting over 159,000 DPIIT-recognised startups and contributing to the creation of 1.6 million jobs, MSH continues to extend its support to early-stage ventures working on advanced technologies such as AI, blockchain, IoT, and robotics.

Central to this partnership is Razorpay Rize, the fintech company’s flagship program focused on early-stage startups. Startups associated with MSH will receive a seamless incorporation experience, including priority support for registering as Private Limited Companies, Limited Liability Partnerships, or One Person Companies. This formalisation at the early stage will be supplemented with tailored resources designed to help founders structure and grow their ventures efficiently.

In addition, these startups will be guided on applying to prestigious global accelerators like Y Combinator and will benefit from expert-led pitch deck reviews, comprehensive founder toolkits, and access to a dedicated knowledge hub. Each quarter, a selected cohort will be inducted into the exclusive Razorpay Rize Community, gaining access to curated peer networks, verified founder directories, and personalised mentorship from Razorpay leaders and domain experts.

Founders will also be invited to exclusive masterclasses covering critical early-stage topics such as marketing, accounting, and product development. These sessions will be led by seasoned entrepreneurs who have firsthand experience building real-world ventures, offering practical insights to help startups scale effectively.

Moreover, startups will be provided with product credits across Razorpay’s suite of offerings, including its payment gateway, business banking platform, and payroll management tools. This will ensure that startups have access to the essential infrastructure necessary to scale their operations from day one.

Panneerselvam Madanagopal, CEO of MSH, emphasised the significance of such collaborations: “Our partnership with Razorpay will empower founders, especially in emerging regions, to build with speed and confidence… ensuring that startups scale not just fast, but with clarity, purpose, and resilience”.

Echoing this sentiment, Arif Khan, Chief Innovation Officer at Razorpay, said, “This partnership is about giving early-stage founders the tools, mentorship, and confidence to build boldly… We’re here to help them scale with purpose not alone, but supported at every step”.

This initiative builds upon Razorpay’s wider startup enablement strategy. The fintech firm has previously collaborated with state governments in Rajasthan, Assam, and Kerala to launch region-specific startup programs. Razorpay continues to deepen its commitment through programs like Rize, its Venture Investment Program, and campaigns such as ‘Imagined Through AI’ and ‘The Next Big Thing’.

Founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, Razorpay has evolved into a full-stack fintech platform backed by global investors including GIC, Tiger Global, Peak XV Partners, and MasterCard. With this partnership, Razorpay doubles down on supporting the next wave of India’s technology entrepreneurs, fostering innovation across the country’s emerging tech hubs. 

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