DPIIT joins hands with rukam capital to propel indian startup ecosystem

DPIIT signs an MoU with Rukam Capital to propel holistic growth of India’s startup ecosystem. The collaboration is aimed at creating dedicated programs and initiatives that empower product startups, innovators, and entrepreneurs across the country. By combining industry expertise, capital, and strategic guidance, the partnership empowers entrepreneurs to transform ideas into market-ready solutions and scale on the world stage.

February 2025:

In a bid to catapult holistic growth of India’s startup ecosystem, Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Rukam Capital to create dedicated support mechanism for product startups, innovators, and entrepreneurs with access to resources, mentorship, funding, and market opportunities.

The collaboration, formalized through a Memorandum of Understanding (MoU), focuses on creating dedicated programs and initiatives that empower product startups, innovators, and entrepreneurs across the country. The efforts include providing access to critical resources such as infrastructure, mentor networks, funding opportunities, market linkages, and an extensive knowledge repository.

Speaking on the occasion, Shri Sanjiv, Joint Secretary, DPIIT said, “This collaboration with Rukam Capital is about building a stronger foundation for product startups in India. By combining industry expertise, capital, and strategic mentorship, we are creating an environment where innovators can turn ideas into market-ready solutions. This initiative is not just about growth – it’s about enabling startups to compete globally, drive meaningful innovation, and contribute to India’s economic transformation.”

Meanwhile, Ms. Archana Jahagirdar, Founder and Managing Partner, Rukam Capital added, “This partnership represents a pivotal step in strengthening India’s startup ecosystem. Together, we aim to provide entrepreneurs with the tools, mentorship, and opportunities they need to innovate and scale their ideas, contributing to the country’s economic growth and global competitiveness.”