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India's Government Teams Up with PhonePe and Shell India to Boost Startup Growth

The Department for Promotion of Industry and Internal Trade signed partnership agreements with PhonePe and Shell India to strengthen support for recognised startups.

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Key Points

4 points
1

Agreements were signed on August 19, 2026 to improve startups' access to digital infrastructure, market opportunities, and industry networks.

2

PhonePe's support includes a payment gateway, dedicated onboarding, brand visibility, and educational webinars.

3

Shell India's support includes mentorship, investor connections, incubator links, and participation in clean‑energy programs.

4

The initiative aims to help startups scale sustainably, drive innovation, and contribute to India's clean energy transition and economic growth.

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Summary

PhonePe will provide transaction credits, access to its app store, onboarding help, and regular masterclasses on fintech and business scaling.

Shell India will focus on startups in the energy and climate technology sectors, offering mentorship, strategic guidance, and opportunities to join its Smart Energy Track.

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New Words to Learn

8 words
ecosystem
the whole community of businesses, experts, and resources that interact and support each other
mentorship
a relationship where an experienced person helps guide and teach a less‑experienced person
innovation
the process of creating new ideas, products, or methods that improve on existing ones
infrastructure
the essential physical and digital systems, such as internet and payment networks, needed for operations
climate
the long‑term weather patterns and conditions of a region, often linked to environmental initiatives
technology
the application of scientific knowledge for practical purposes, especially in computers and devices
partnership
a collaborative agreement between two or more parties to achieve shared objectives
investment
the provision of money, resources, or support to help a business grow and succeed
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