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Hindustan Times
22-07-2025
- Business
- Hindustan Times
Chitkara University's innovation incubator backs 101 startups in 10 years
Chitkara University's incubation arm, the Chitkara Innovation Incubator Foundation (CIIF), has announced that it has funded 101 startups since its launch in 2015. Startups that have benefitted from CIIF's support include Studycaller, an edtech company that raised ₹ 1 crore from investor Mahavir Pratap Sharma. (HT File) The milestone marks CIIF's growing contribution to India's startup ecosystem through financial support and a structured incubation framework. CIIF offers more than funding—it provides early-stage ventures with mentoring, accelerator programmes, capacity-building support and investor connections. Over the years, it has engaged with over 5,000 startups, evaluated over 500 applications annually and mentored more than 200 ventures. The foundation also maintains a strong network of over 100 industry mentors and investors. Supported by national and state-level institutions including the department of science technology (DST), MeitY Startup Hub, Startup India and Startup Punjab, CIIF backs ventures across sectors such as fintech, healthtech, agritech, cleantech, edtech and deeptech. The focus remains on enabling startups to grow sustainably and address real-world challenges. Madhu Chitkara, pro-chancellor of the varsity, said reaching the 101-startup mark reflects the institution's commitment to building ventures that create real-world impact. 'We will continue to foster innovation, nurture entrepreneurial talent, and help build businesses that drive meaningful change for India and beyond,' she added. Startups that have benefitted from CIIF's support include Studycaller, an edtech company that raised ₹1 crore from investor Mahavir Pratap Sharma. The platform received strategic guidance and investor connections through the incubator. In the deeptech sector, Aumsat has used satellite and AI technologies to address over 2,600 pipeline leaks and map 1.5 lakh kilometers of infrastructure, with support from CIIF including ₹50 lakh in funding. Another startup, Adiabatic, has developed high-performance lithium-ion battery packs and established a manufacturing facility with CIIF's assistance from prototype to production. In healthtech, Svastek's patented respiratory NIV mask attracted ₹2 crore in funding from IAN Angel Fund and was featured on Shark Tank India. CIIF supported the venture in product development and funding facilitation.
Fashion Value Chain
21-07-2025
- Business
- Fashion Value Chain
Chitkara University Funds 101 Startups, Driving India's Innovation and Entrepreneurship Story
Further strengthening its position as one of India's most dynamic university-led startup ecosystems, the Chitkara Innovation Incubator Foundation (CIIF), the entrepreneurship and incubation arm of Chitkara University, Punjab, has proudly announced having funded 101 startups to date. This milestone cements CIIF's growing reputation as a key enabler in India's thriving innovation landscape. Chitkara Innovation Incubator Foundation (CIIF), the entrepreneurship and incubation arm of Chitkara University proudly announces having funded 101 startups Since its inception in 2015, CIIF has worked hand-in-hand with entrepreneurs from across the country, not just providing funding, but delivering a comprehensive support ecosystem that includes deep mentoring, capacity building, accelerator programs, and strategic investor connections. Over the years, CIIF has actively engaged with 5,000+ startups, evaluated over 500 applications annually, mentored 200+ early-stage ventures, and built a robust network of 100+ industry mentors and investors. Backed by leading institutions such as the Department of Science & Technology (DST), MeitY Startup Hub, Startup India, and Startup Punjab, CIIF's efforts span key sectors from fintech and healthtech to agritech, cleantech, and edtech, with a sharp focus on building resilience, scale, and impact through every venture it supports. 'At CIIF, our focus has always been on enabling founders to turn bold ideas into scalable ventures with real-world impact. Reaching 101 funded startups is a proud reflection of this commitment,' said Dr. Madhu Chitkara, Pro-Chancellor, Chitkara University. 'We will continue to foster innovation, nurture entrepreneurial talent, and help build businesses that drive meaningful change for India and beyond.' The impact of CIIF's holistic approach is evident through the inspiring journeys of several of its startups: Take Studycaller, for instance, an edtech venture transforming how students access learning through its dynamic online platform. With Rs. 1 crore in funding from marquee investor Mr. Mahavir Pratap Sharma (TiE), Studycaller's rapid growth is a direct outcome of CIIF's focused interventions, ranging from one-on-one mentoring and strategic investor connects to industry collaborations that helped shape its breakthrough trajectory. In the realm of deeptech, Aumsat exemplifies innovation meeting real-world challenges. Leveraging satellite technology and AI-powered analytics, Aumsat has addressed 2,600+ pipeline leaks and mapped 1.5 lakh km of infrastructure to solve critical issues in water management and agriculture. CIIF's Rs. 50 lakh funding support, along with continuous guidance through prototyping and scale-up strategies, has been pivotal to Aumsat's growth. Similarly, Adiabatic is redefining sustainable energy solutions with its intelligent, high-performance lithium-ion battery packs, supported by a manufacturing facility capable of producing 5,000 units annually. From prototyping support to investor access and industry networking, CIIF has played an integral role in taking Adiabatic's innovation from lab to market. In the healthtech space, Svastek stands as a testament to CIIF's impact in nurturing disruptive ideas. Its patented Respiratory NIV mask with a unique tube-insert design has attracted Rs. 2 crore funding from IAN Angel Fund and earned visibility through Shark Tank India. From product development mentoring to critical funding facilitation, CIIF's involvement has been instrumental in helping Svastek transform their bold vision into tangible, life-changing solutions. Through these success stories and many others, CIIF demonstrates its unwavering commitment to fostering a vibrant culture of entrepreneurship where startups are equipped with the necessary resources, networks, and mentorship to thrive and create meaningful, sustainable impact. About CIIF, Chitkara University: Chitkara Innovation Incubator Foundation (CIIF) is the dedicated startup incubation center at Chitkara University, Punjab, offering structured incubation, acceleration, mentorship, and funding opportunities to drive entrepreneurial growth within India's vibrant startup ecosystem. For more information, please visit:
The Wire
21-07-2025
- Business
- The Wire
Chitkara University Funds 101 Startups, Driving India's Innovation and Entrepreneurship Story
Chandigarh, India (NewsVoir) Further strengthening its position as one of India's most dynamic university-led startup ecosystems, the Chitkara Innovation Incubator Foundation (CIIF), the entrepreneurship and incubation arm of Chitkara University, Punjab, has proudly announced having funded 101 startups to date. This milestone cements CIIF's growing reputation as a key enabler in India's thriving innovation landscape. Since its inception in 2015, CIIF has worked hand-in-hand with entrepreneurs from across the country, not just providing funding, but delivering a comprehensive support ecosystem that includes deep mentoring, capacity building, accelerator programs, and strategic investor connections. Over the years, CIIF has actively engaged with 5,000 startups, evaluated over 500 applications annually, mentored 200 early-stage ventures, and built a robust network of 100 industry mentors and investors. Backed by leading institutions such as the Department of Science & Technology (DST), MeitY Startup Hub, Startup India, and Startup Punjab, CIIF's efforts span key sectors from fintech and healthtech to agritech, cleantech, and edtech, with a sharp focus on building resilience, scale, and impact through every venture it supports. 'At CIIF, our focus has always been on enabling founders to turn bold ideas into scalable ventures with real-world impact. Reaching 101 funded startups is a proud reflection of this commitment,' said Dr. Madhu Chitkara, Pro-Chancellor, Chitkara University. 'We will continue to foster innovation, nurture entrepreneurial talent, and help build businesses that drive meaningful change for India and beyond.' The impact of CIIF's holistic approach is evident through the inspiring journeys of several of its startups: Take Studycaller, for instance, an edtech venture transforming how students access learning through its dynamic online platform. With Rs. 1 crore in funding from marquee investor Mr. Mahavir Pratap Sharma (TiE), Studycaller's rapid growth is a direct outcome of CIIF's focused interventions, ranging from one-on-one mentoring and strategic investor connects to industry collaborations that helped shape its breakthrough trajectory. In the realm of deeptech, Aumsat exemplifies innovation meeting real-world challenges. Leveraging satellite technology and AI-powered analytics, Aumsat has addressed 2,600 pipeline leaks and mapped 1.5 lakh km of infrastructure to solve critical issues in water management and agriculture. CIIF's Rs. 50 lakh funding support, along with continuous guidance through prototyping and scale-up strategies, has been pivotal to Aumsat's growth. Similarly, Adiabatic is redefining sustainable energy solutions with its intelligent, high-performance lithium-ion battery packs, supported by a manufacturing facility capable of producing 5,000 units annually. From prototyping support to investor access and industry networking, CIIF has played an integral role in taking Adiabatic's innovation from lab to market. In the healthtech space, Svastek stands as a testament to CIIF's impact in nurturing disruptive ideas. Its patented Respiratory NIV mask with a unique tube-insert design has attracted Rs. 2 crore funding from IAN Angel Fund and earned visibility through Shark Tank India. From product development mentoring to critical funding facilitation, CIIF's involvement has been instrumental in helping Svastek transform their bold vision into tangible, life-changing solutions. Through these success stories and many others, CIIF demonstrates its unwavering commitment to fostering a vibrant culture of entrepreneurship where startups are equipped with the necessary resources, networks, and mentorship to thrive and create meaningful, sustainable impact. About CIIF, Chitkara University: Chitkara Innovation Incubator Foundation (CIIF) is the dedicated startup incubation center at Chitkara University, Punjab, offering structured incubation, acceleration, mentorship, and funding opportunities to drive entrepreneurial growth within India's vibrant startup ecosystem. For more information, please visit: (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Time of India
22-05-2025
- Business
- Time of India
Getepay gets RBI approval to operate as payment aggregator
Jaipur: Getepay, a digital payments and merchant enablement platform, received final authorization from the Reserve Bank of India ( RBI ) to operate as a Payment Aggregator (PA) online under the RBI's payment regulatory framework. This positions Getepay as the first company from Rajasthan to receive this coveted license, marking a significant step in the state's contribution to India's fintech ecosystem. Since inception, Getepay has empowered over 1.5 million merchants across diverse categories, ranging from kirana stores, micro-retailers, ecom stores, education institutes, service providers to small-scale manufacturers, delivering secure, and accessible digital payment solutions. "This is more than just a regulatory milestone; it's a validation of our unwavering commitment to building a truly inclusive digital economy," said Pravin Sharma, founder and CEO of Getepay. With the licence, Getepay looks to scale its operations pan-India, deepen its merchant offerings, and onboard millions of small businesses, especially from tier-2, tier-3, and rural India, under one digital payments and commerce platform. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo "Getepay isn't just another fintech, it's a company that's grounded in Bharat and solving real, structural problems," said Mahavir Pratap Sharma, angel investor. Mahavir said, "The RBI license reinforces their credibility, and I believe Getepay is poised to become a key force in reshaping how small merchants participate in India's digitaleconomy."
Time of India
22-05-2025
- Business
- Time of India
Getepay receives RBI approval to operate as online payment aggregator
JAIPUR: Getepay , a digital payments and merchant enablement platform, has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA) online under the RBI's payment regulatory framework. Since inception, Getepay has served over 1.5 million merchants across diverse categories, ranging from kirana stores, micro-retailers, Ecom Stores, education Institutes, service providers to small-scale manufacturers. Rooted in Bharat , Getepay aims to enable integrated payment solutions to different categories of merchants specially SMEs. Now armed with the RBI's final PA license, Getepay aims to scale its operations pan-India, deepen its merchant offerings, and onboard millions of small businesses, especially from Tier 2, Tier 3, and rural India, under one platform. Play Video Play Skip Backward Skip Forward Mute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout: New Apocalyptic MMO Crossout Play Now Undo Pravin Sharma , Founder & CEO of Getepay, said in a statement,'We started Getepay with the belief that every small merchant in India, whether in a remote village or a bustling city, deserves access to simple, secure, and scalable digital tools. With this RBI license, we are now ready to deepen that impact, scale across Bharat, and empower MSMEs with not just payments but complete commerce enablement. This is about building a digital foundation for India's next wave of economic growth.' Mahavir Pratap Sharma, Angel Investor, said in a statement, 'Getepay isn't just another fintech, it's a company that's grounded in Bharat and solving real, structural problems. The RBI license reinforces their credibility, and I believe Getepay is poised to become a key force in reshaping how small merchants participate in India's digital economy.' Live Events With a focus on grassroots entrepreneurs, Getepay will expand its suite of solutions, offering not just payments but also tools for digital store, inventory management, GST billing, and more. It aims to formalise 10 million+ MSMEs over the next few years.
