DPIIT signs MoUs with Cashfree, Cars24, Vultr India, Darwin Dynamics, and Council for Startup India to support startups
Department for Promotion of Industry and Internal TradeCashfree Payments India Private LimitedCouncil for Startup IndiaVultr India Pvt LtdCars24Darwin Dynamics LLP

DPIIT signs MoUs with Cashfree, Cars24, Vultr India, Darwin Dynamics, and Council for Startup India to support startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed multiple MoUs with Cashfree, Cars24, Vultr India, Darwin Dynamics, and the Council for Startup India to enhance support for startups, focusing on digital payments, technology infrastructure, and inclusive entrepreneurship across India.

CNBC TV18 CNBC TV188 August 2026 · 11:50 UTC
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The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a series of strategic Memoranda of Understanding (MoUs) with key industry players including Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and the Council for Startup India. These partnerships aim to bolster support for DPIIT-recognised startups across various sectors.1

The MoU with Cashfree Payments focuses on enhancing digital payment infrastructure and fintech capabilities, providing eligible startups with access to secure payment solutions, identity verification, and risk management services.

In collaboration with Darwin Dynamics, the initiative aims to promote inclusive entrepreneurship and deep-tech innovation, particularly in Tier II and Tier III cities, by expanding mentorship and market opportunities.

The partnership with Vultr India is set to improve technology and cloud infrastructure access, offering startups cloud credits and technical support to enhance their digital capabilities.

Additionally, Cars24 will drive innovation in mobility and auto-tech, focusing on AI-driven solutions and skilling opportunities for founders.

Finally, the Council for Startup India will facilitate investment and global scaling for startups, enhancing their access to strategic partnerships and mentorship.

These initiatives reflect DPIIT's commitment to fostering a robust startup ecosystem in India, aiming to empower entrepreneurs and drive economic growth.

Key Insight
“The MoUs target ecosystem enablers and industry leaders, aiming to bolster startup growth through strategic partnerships. Specific companies like Cashfree Payments and Vultr India bring fintech and cloud infrastructure expertise, while the Council for Startup India (CSI) will likely facilitate broader startup engagement.”
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CNBC TV18CNBC TV18
“The Department for Promotion of Industry and Internal Trade (DPIIT) has announced a series of strategic Memoranda of Understanding (MoUs) with industry leaders and ecosystem enablers like Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and the Council for Startup India (CSI).”
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Government signs MoUs with industry leaders to strengthen startup support; DPIIT-recognized startups to gain access to payments, cloud, and mentorship
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Government signs MoUs with industry leaders to strengthen startup support; DPIIT-recognized startups to gain access to payments, cloud, and mentorship

The Department for Promotion of Industry and Internal Trade (DPIIT) has signed Memoranda of Understanding (MoUs) with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24 and the Council for Startup India (CSI) to strengthen support for startups.

Ai InnovationCars24 Services Pvt LtdCashfree Payments India Pvt Ltd
2026-08-08
TL;DR by CuriousCats.ai
  • The government has signed MoUs with industry leaders to strengthen support for startups, focusing on reducing barriers to technology and finance.
  • Under the MoU with Cashfree Payments India Pvt Ltd, DPIIT-recognised startups will gain access to digital payment and payout solutions, identity verification and risk-management services, along with preferential onboarding and commercial benefits.
  • The partnership with Cashfree will also include founder workshops, mentoring sessions, AI buildathons, hackathons and knowledge-sharing programmes focused on digital payments, compliance, fraud prevention, KYC, cross-border transactions and emerging technologies.
  • DPIIT’s partnership with Darwin Dynamics LLP aims to expand entrepreneurship opportunities in Tier II, Tier III and rural areas and strengthen access to mentorship, institutional networks, markets and capacity-building support.
  • Darwin Dynamics will undertake startup outreach and formalisation drives, entrepreneurship bootcamps, mentor-network development, international market-access programmes, investor-connect initiatives and policy research.
  • The collaboration with Darwin Dynamics will also promote innovation in strategic sectors such as clean energy, green hydrogen, artificial intelligence, climate technologies and advanced manufacturing.
DPIIT signs five MoUs with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and Council for Startup India to boost startup support
Telangana TodayTelangana Today
DPIIT signs five MoUs with Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and Council for Startup India to boost startup support

The government has signed strategic MoUs with industry leaders and ecosystem enablers to strengthen support for DPIIT-recognised startups, aiming to improve access to digital payments, technology, mentorship, investment, global markets, skilling and capacity-building opportunities.

Capacity BuildingCars24Cars24 Services
2026-08-08
TL;DR by CuriousCats.ai
  • The Department for Promotion of Industry and Internal Trade (DPIIT) has signed five strategic Memoranda of Understanding (MoUs) with industry leaders including Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and the Council for Startup India to enhance support for DPIIT-recognised startups.
  • These partnerships aim to improve access to digital payments, cloud computing, mentorship, investment, global markets, and capacity-building for startups.
  • Under the collaboration with Cashfree Payments, eligible startups will gain access to secure and scalable payment solutions, identity verification, and risk management services.
  • The MoU with Darwin Dynamics focuses on expanding entrepreneurship opportunities in Tier II, Tier III, and rural regions through mentorship and capacity-building support.
  • The partnership with Vultr India aims to enhance startups' access to cloud computing resources and digital infrastructure.
  • DPIIT's collaboration with Cars24 will support innovation and capacity building in the mobility and automotive technology ecosystem.
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