CEO V. Vaidyanathan of IDFC FIRST Bank recognizes that startup founders must secure appropriate capital because the "uncertain world" demands it.

The CEO stressed during Startup Mahakumbh's second edition that startups need proper capital regardless of their successful economic strategy.

Startups need to establish trust according to V. Vaidyanathan as former US president Donald Trump implemented new tariffs so they can secure proper funding for unexpected situations. Vaidyanathan stated that creating successful products needs three essential components including a solid model along with trustworthy ecosystem and investment capital.

He joined Siddharth Pai's session about "The Role of Technology in the Financial Ecosystem" which served as the main focus of the discussion.

The Startup Mahakumbh will bring together about 3,000 businesses from 12 specialized pavilions such as AI and deeptech alongside healthtech and fintech and cleantech and mobility which will feature this year's event while following the theme “Startup India @ 2047  Unfolding the Bharat Story” to enhance national innovation and entrepreneurial capabilities. The initial startup conference brought 1,300 exhibitors along with 48,000 visitors to the event.

In January 2025 India contained more than 1.58 Lakh startups that succeeded in attracting funding worth more than $155 Bn. The startup community has established 48% of its operations in Tier 2 and 3 locations throughout India.

Finance minister Nirmala Sitharaman declared a fresh fund of funds (FoF) for startups as she delivered the Budget speech for 2025-26 after the use of all INR 10,000 Cr from the previous fund.

The government enlarged startup credit guarantee coverage for focused sectors like aerospace and defence technology and IT and logistics and renewable energy that included financial and educational services and others from INR 10 Cr to INR 20 Cr.

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