NSRCEL and HDFC Bank Parivartan back 10 fintech startups with grants, driving financial inclusion, innovation, and measurable impact in India.
NSRCEL at Indian Institute of Management Bangalore (IIM Bangalore), through its Fintech Centre of Excellence (CoE) supported by the Government of Karnataka, has partnered with HDFC Bank Parivartan, the CSR arm of HDFC Bank, to support startups creating measurable financial impact in India.
The initiative supports early- and growth-stage fintech ventures building solutions across lending, payments, insurance, wealthtech, regtech, embedded finance, and allied domains. The collaboration combines grant support with strategic ecosystem access to help startups strengthen business fundamentals, improve market readiness, and expand access to formal financial services for underserved segments.
Startups were selected through an open call curated by NSRCEL, followed by a joint evaluation process conducted by NSRCEL and HDFC Bank. A total of 17 startups presented their innovations during the Demo Day, after which 10 startups were selected to receive grant support under the HDFC Bank Parivartan Program.
The startups selected for the grants include:
- Entitled
- Dhiway
- Finsall
- PropLegit
- Lark Finserv
- INKA
- ValuEnable
- GreenFi
- Xaults
- Saventh
“Fintech has the power to meaningfully expand financial access and resilience in India-but only when innovation is grounded in real, measurable outcomes. Through this partnership with HDFC Bank, NSRCEL’s Fintech Centre of Excellence is deploying CSR capital to help emerging fintech startups move beyond pilots to market adoption. Our focus is on enabling founders to build market-ready, compliant, and scalable solutions that address critical gaps across India’s financial landscape,” said Anand Sri Ganesh.
Beyond grant support, participating ventures will receive outcome-driven engagement tailored to their growth challenges. Founders will have access to on-demand expert support, closed-door interactions with regulators and industry leaders, conversations with successful founders, and curated introductions to investors and ecosystem partners. Each intervention will be aligned to measurable business outcomes, with regular check-ins to track progress and ensure continued relevance.
The Fintech Centre of Excellence at NSRCEL is designed to scale beyond a single cohort, with the vision of becoming a leading hub for fintech startups building in India and scaling globally. The CoE is deepening its focus across areas including MSME financing, CBDCs, embedded finance, wealthtech, and AI in finance.
Through initiatives such as the Fintech Clinic, the CoE continues to bring together startups, regulators, BFSI institutions, and technology players to address emerging opportunities and challenges in financial innovation.
By supporting high-potential fintech ventures, the initiative aims to strengthen India’s innovation pipeline and help promising companies transition from experimentation to long-term growth, contributing to broader financial inclusion and economic value creation.
