Vardhan Tax

DIPP recognition · DIPP90644

DYGNIFY VENTURES PRIVATE LIMITED

Business Finance · Mumbai, Maharashtra · Private Limited Company

Finance TechnologyBusiness Finance

Recognition fact sheet

Entity name
DYGNIFY VENTURES PRIVATE LIMITED
DIPP number
DIPP90644
Entity type
Private Limited Company
Industry
Finance Technology
Sector
Business Finance
Location
Mumbai, Maharashtra

Value proposition

  • Dygnify will utilize the B2B supply chain relationship to partner with emerging Anchors on demand side and banks, NBFCs on the supply side to lend to MSEs of these Anchors starting with 4 resilient sectors – Green businesses, FMCG/Food, Healthcare /Pharma and Logistics with two products – Inventory financing and Receivable Financing for MSEs buying and selling on Anchor platforms. Providing Anchor-linked credit to MSEs will arrest issues around intent and ability to repay, end use of funds, thus ensuring better repayment rates.
  • Key aspects of our proposition are: - Embedded credit on the Anchor's platform - Build up of cross-platform and cross-industry data that strengthens our underwriting prowess. - Favourable risk-reward proposition to Anchors thus making partnerships sticky - Rapid build-up of high quality, granular MSME book for lender partners - Closed feedback loop from collections to continuously strengthen our underwriting capability

Incubator / host organisation

WEHUB FOUNDATION

Steps to get DPIIT startup recognition

A practical end-to-end map from incorporation to your DIPP number — the same recognition shown on profiles in this directory. Timelines vary by sector and document readiness; use this as a checklist, not a government processing guarantee.

  1. Incorporate your venture

    Register a private limited company, LLP, or partnership firm with MCA. Collect your CIN/LLPIN, PAN, and basic KYC — these are referenced throughout the Startup India journey.

  2. Create your Startup India profile

    Sign up on the Startup India portal with your business email. Complete the organisation profile, authorised representative details, and link your registered entity.

  3. File the DPIIT recognition application

    Choose “Startup Recognition”, describe your product or service, sector, and how you use technology. Upload incorporation documents, brief pitch deck or note, and supporting declarations.

  4. Department review & clarifications

    DPIIT may request clarifications on scalability, innovation, or documentation. Respond promptly through the portal — delays here are the most common reason recognition timelines stretch.

  5. Receive DPIIT recognition (DIPP number)

    Once approved, download your recognition certificate and note your DIPP number. You can then access Startup India benefits, incubator programmes, and schemes such as SISFS (subject to each scheme’s rules).

  6. Plan compliance & growth milestones

    Align GST, labour, and sector licences with your stage. If you are pursuing seed funding, keep proof-of-concept milestones documented — incubators evaluate traction alongside your recognition status.

Official recognition is granted only through Startup India (DPIIT). Vardhan Tax can help with incorporation and compliance around your application — not with government approval itself.

Startup India Seed Fund Scheme (SISFS) — how much funding is available?

DPIIT-recognised startups may apply for the Startup India Seed Fund Scheme through eligible incubators (not directly as individuals). Amounts and eligibility are set by government guidelines — always confirm the latest rules on the official portal.

Grant component

Up to ₹20 lakh

Proof of concept · prototype · product trials

  • Milestone-based grant instalments (prototype, testing, market-ready product)
  • Typically used for proof of concept and product trials
  • No equity dilution for the grant component

Investment component

Up to ₹50 lakh

Market entry · commercialisation · scale-up

  • For market entry, commercialisation, or early scaling
  • Structured as convertible debentures, debt, or debt-linked instruments
  • Evaluated by the incubator alongside your traction and business plan

Common eligibility themes (summary)

  • DPIIT recognition and incorporation within the scheme's age window at application time
  • Technology-led product or service with commercialisation potential
  • Limits on prior central/state monetary support (excluding certain prizes and facilities)
  • Applications routed through incubators on the Startup India seed fund portal

Sources: SISFS overview (https://seedfund.startupindia.gov.in/about) · Official FAQ (https://seedfund.startupindia.gov.in/faq)

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Frequently asked questions

DYGNIFY VENTURES PRIVATE LIMITED is listed with DPIIT recognition number DIPP90644. It operates in the Business Finance sector and is based in Mumbai, Maharashtra.
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