- On 19 August 2026, the Department for Promotion of Industry and Internal Trade (DPIIT) signed Memoranda of Understanding (MoUs) with PhonePe and Shell India Pvt. Ltd. to strengthen support for DPIIT-recognised startups and promote innovation across key sectors of the economy.
- Under its collaboration with DPIIT, PhonePe will provide DPIIT-recognised startups with a range of benefits, including transaction credits through its Payment Gateway, access to the Indus AppStore, and dedicated onboarding and support services.
- PhonePe will also conduct regular masterclasses and webinars on topics such as fintech, sales, go-to-market strategies, and business scaling, enabling startups to strengthen their capabilities and accelerate growth.
- The MoU with Shell India will focus on supporting startups operating in the energy and climate-tech sectors, providing mentorship, strategic guidance, and opportunities to participate in the Shell E4 Smart Energy Track.
- This initiative is expected to help startups access growth opportunities, scale innovative solutions, and contribute to India’s clean energy transition.
- The partnerships are aimed at enhancing access to technology, digital infrastructure, mentorship, market opportunities, and industry networks, fostering a robust, inclusive, and self-reliant startup ecosystem in the country.
- The collaboration with Shell India will promote knowledge-sharing and ecosystem development through the preparation of sectoral success stories, white papers, policy briefs, industry landscape reports, and case studies highlighting emerging innovations and best practices in the energy and climate-tech startup ecosystem.
- Together, these partnerships are expected to strengthen access to digital infrastructure, industry knowledge, mentorship, market linkages, and investment opportunities for startups, enabling them to scale sustainably and drive innovation.
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) signed Memoranda of Understanding (MoUs) with PhonePe and Shell India on 19 August 2026, aimed at enhancing support for DPIIT-recognised startups.123456
The partnerships will provide startups with access to technology, digital infrastructure, mentorship, and market opportunities, fostering a robust startup ecosystem in India.810
Under the collaboration with PhonePe, startups will receive transaction credits through its Payment Gateway, access to the Indus AppStore, and dedicated onboarding services. PhonePe will also conduct masterclasses on fintech, sales, and business scaling to help startups accelerate growth.
The MoU with Shell India targets startups in the energy and climate-tech sectors, offering mentorship, strategic guidance, and opportunities to participate in the Shell E4 Smart Energy Track. This initiative aims to help startups scale innovative solutions and contribute to India’s clean energy transition.7
Together, these partnerships are expected to enhance access to digital infrastructure, industry knowledge, and investment opportunities, enabling startups to drive innovation and contribute to India’s economic growth and technological advancement.
“PhonePe will conduct masterclasses on fintech, sales, and go-to-market strategies, while Shell India provides mentorship and access to the Shell E4 Smart Energy Track. These initiatives aim to help startups scale and contribute to India's clean energy transition.”
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