Vardhan Tax

DIPP recognition · DIPP191619

PAYVERSE TECHNOLOGIES PRIVATE LIMITED

Payment Platforms · Coimbatore, Tamil Nadu · Private Limited Company

Finance TechnologyPayment Platforms

Recognition fact sheet

Entity name
PAYVERSE TECHNOLOGIES PRIVATE LIMITED
DIPP number
DIPP191619
Entity type
Private Limited Company
Industry
Finance Technology
Sector
Payment Platforms
Location
Coimbatore, Tamil Nadu

Value proposition

  • TipPay is a trust infrastructure for India's service workforce that turns everyday service interactions - tips, ratings, reviews, and customer feedback - into verified digital reputation and income signals. Workers build a portable "Service Passport" and TipPay Score that they can carry across employers, sectors, and cities, unlocking better jobs, higher earnings, and access to credit, insurance, and financial products. MSMEs gain retention, visibility into staff performance, and loyal customers through transparent reviews and smoother tipping flows. Customers get a simple, secure way to reward good service and hire verified professionals. TipPay creates a shared trust network where every interaction increases reliability, discoverability, and financial access for India's 250M+ frontline workers.

Incubator / host organisation

IIITB Innovation Centre (IIITB IC)

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)

Explore related startups

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Frequently asked questions

PAYVERSE TECHNOLOGIES PRIVATE LIMITED is listed with DPIIT recognition number DIPP191619. It operates in the Payment Platforms sector and is based in Coimbatore, Tamil Nadu.
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