Nanda Capital Partners with DPIIT to Boost Tier 2 and 3 Startups
In a significant move to accelerate India’s startup ecosystem, Nanda Capital Holding has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT). The partnership aims to foster high-potential startups, particularly in Tier 2 and Tier 3 cities, by providing them with essential support for scaling and growth.
The collaboration between Nanda Capital and DPIIT is a significant step towards bridging the gap between urban and rural startup ecosystems in India. Tier 2 and Tier 3 cities have immense potential for entrepreneurship, but often lack the resources, networks, and support systems to scale their businesses. This MoU aims to change that narrative by providing these startups with the necessary tools and expertise to succeed.
Under the partnership, Nanda Capital will work closely with DPIIT to identify and support startups in Tier 2 and Tier 3 cities that have the potential to disrupt industries and create significant value. The investment firm will provide these startups with access to its network of mentors, investors, and industry experts, as well as funding and resources to help them scale their businesses.
The partnership is also designed to create a robust ecosystem for startups in Tier 2 and Tier 3 cities. Nanda Capital and DPIIT will work together to establish incubators, accelerators, and coworking spaces in these cities, providing startups with a conducive environment to ideate, innovate, and grow. The partnership will also facilitate knowledge sharing and collaboration between startups, investors, and industry experts, helping to foster a culture of innovation and entrepreneurship.
The benefits of this partnership extend beyond the startups themselves. By supporting startups in Tier 2 and Tier 3 cities, Nanda Capital and DPIIT aim to create jobs, stimulate local economies, and drive economic growth. This, in turn, will help to reduce regional disparities and promote inclusive growth across India.
The MoU is a significant step forward in the government’s efforts to promote entrepreneurship and innovation in India. The DPIIT has been actively working to create a startup-friendly ecosystem in the country, and this partnership with Nanda Capital is a testament to its commitment to supporting startups and entrepreneurs.
“Nanda Capital is thrilled to partner with DPIIT to support the growth of startups in Tier 2 and Tier 3 cities,” said [Name], Managing Director of Nanda Capital. “We believe that these cities have immense potential for entrepreneurship and innovation, and we are committed to providing the necessary support and resources to help startups succeed.”
“The partnership with Nanda Capital is a significant step forward in our efforts to promote entrepreneurship and innovation in India,” said [Name], Secretary, DPIIT. “We are committed to creating a startup-friendly ecosystem in the country, and this partnership will help us to achieve that goal.”
The MoU between Nanda Capital and DPIIT is a significant development in the Indian startup ecosystem, and it has the potential to make a significant impact on the growth of startups in Tier 2 and Tier 3 cities. By providing startups with the necessary support and resources, Nanda Capital and DPIIT aim to create a robust ecosystem for entrepreneurship and innovation in India.
