FITT-IIT Delhi, IDFC FIRST Bank Launch IGNITE to Back Deep-Tech Startups

By Team Startupcity  |  Tuesday, 30 December 2025, 12:32 IST

FITT-IIT Delhi, IDFC FIRST Bank Launch IGNITE to Back Deep-Tech Startups
  • FITT-IIT Delhi and IDFC FIRST Bank launch IGNITE to support 15 startups.
  • Startups receive Rs 30 lakh funding, mentorship, and growth opportunities.
  • Focus on social impact, deep-tech, and scalable innovations.
FITT, IIT Delhi, in collaboration with IDFC FIRST Bank, on Tuesday announced the launch of a new cohort under the IGNITE Program. The initiative is designed to support high-potential startups working across climate tech, clean energy, healthcare, agri-tech, mobility, education, and AI-driven solutions aimed at social good.
The launch event featured an exclusive interaction session at the FITT, IIT Delhi campus. Mr. Ankit Saxena, Head of Investments, welcomed the IDFC FIRST Bank officials, followed by an engaging discussion between senior leaders from the bank Ms. Rachana Iyer, Head of Corporate Social Responsibility, and Ms. Vidhi Singh, Lead - Corporate Social Responsibility and the 15 selected startups. Each startup presented a brief overview of their solutions, highlighting the social impact they are creating and how the IGNITE program would help them scale their innovations.
The IGNITE Program provides non-dilutive financial support of up to Rs 30 lakhs per startup. Alongside funding, participants receive structured capacity-building workshops covering technology development, business strategy, and investor readiness. Startups will benefit from mentorship provided by IIT Delhi faculty, industry experts, and IDFC FIRST Bank CSR leaders. This guidance will help founders access market insights, deep-tech knowledge, and growth pathways. The program also offers investor connect sessions, demo day exposure, and SIDBI-FITT investment pitching opportunities to accelerate commercialization and expand the reach of impact-driven innovations.
The 15 startups selected for this cohort were chosen based on innovation strength, scalability, and social impact potential. They include:
  • Aaizel International Technologies Pvt Ltd – India’s first hyperlocal weather prediction and climate-risk assessment platform.
  • MachPhy Solutions Pvt Ltd – Sustainable cold-chain solutions reducing costs and CO₂ emissions in healthcare and agriculture.
  • Propickle Technologies Pvt Ltd – PropTech SaaS platform offering digital twins and immersive maps for smarter real estate management.
  • PRADIVYA Software Pvt Ltd – AI-vision system for real-time fault detection and predictive maintenance in railways.
  • FluxGo Mobility Pvt Ltd – Battery-swapping technology enabling faster and scalable EV adoption.
  • Bravecore Pvt Ltd – Swarm-drone technology for high-resolution air-quality monitoring and climate intelligence.
  • Indigotex Pvt Ltd – Sustainable fashion innovations using waterless plasma technology and energy-efficient textile processes.
  • AICA Health Tech Pvt Ltd – AI-powered voice-first care assistant for 24x7 patient and family care management.
  • IX Energy Pvt Ltd – Indigenous retrofit solutions converting diesel trucks and buses into electric or hybrid vehicles.
  • Cunomial Technologies Pvt Ltd – AI-first enterprise SaaS platforms automating innovation, hiring, and marketing.
  • ScaNxt Scientific Technologies Pvt Ltd – AI and IoT-based precision agriculture solutions for soil, pest, and post-harvest management.
  • CLUIX Pvt Ltd – Portable AI-enabled water-quality analyzers delivering lab-accurate results in real time.
  • Neo Risers Pvt Ltd – AI-powered phygital platform fostering creativity and critical-thinking skills in K-12 students.
  • OpenSpectrum AI Pvt Ltd – Real-time soil and water monitoring with AI-driven advisories for smarter farming decisions.
  • Fruvetech Pvt Ltd – Organic formulations and devices extending shelf life of fruits and vegetables without cold chains.
Dr. Nikhil, Managing Director of FITT/IIT Delhi, said, “The IGNITE launch reflects our commitment to backing deep-tech and scalable innovations with the potential to become global unicorns. By enabling startups across AI, climate tech, mobility, and digital infrastructure, we are accelerating solutions that can transform industries at scale. This platform bridges cutting-edge research, capital, and market access to build the next generation of technology leaders”.
Ms. Rachana Iyer, Head of CSR, IDFC FIRST Bank, added, “India is witnessing a new wave of social entrepreneurship businesses that are socially and emotionally relevant, yet commercially viable. Through IGNITE, we aim to back ventures that combine purpose with profitability and create measurable impact. These founders prove that purpose-driven businesses can succeed, and we are excited about the transformative potential they hold. Meeting these social entrepreneurs personally today was truly inspiring, and we look forward to a fruitful partnership with FITT, IIT Delhi”.
With its focus on funding, mentorship, and market access, the IGNITE Program is poised to empower startups that are driving innovation for social good while enabling them to scale and achieve long-term impact.

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