Citi announces grant for Indian startups for social impact ventures

The lab has invited applications from early and growth-stage startups across the country to share their proposals in December 2021 to get support including mentoring, business model development, go-to-market strategy, funding and scaling opportunities, it said.  “Approximately 25 early-stage startups will be provided a grant for incubation and five growth-stage startups will be provided a grant for scaling their business further,” the statement said, without specifying an amount which will flow as grants to the companies. Citi South Asia’s head of treasury and trade solutions Mridula Iyer said the lender turns 120 years old in India and continues to invest in business growth of institutions, corporates and startup ecosystem.American lender Citi has said it will be giving a grant to Indian startups for scaling up activities having a positive societal impact in the agriculture, healthcare and financial technologies space.

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