HP Udgam Cohort 2025 (Round-1) by HPCL
HPCL's startup investment program offering CCPS funding up to ₹2.5Cr for early-stage startups in energy, sustainability & digital solutions. Apply by Aug 15, 2025.
- Funding amount
- ₹2.5Cr (grant)
- Funding type
- Grant
- Provider
- Hindustan Petroleum Corporation Limited (HPCL) (Corporate)
- Application deadline
- Closed (15 Aug 2025)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
HP Udgam Cohort 2025 (Round-1) is a corporate startup support initiative by Hindustan Petroleum Corporation Limited (HPCL). This investment program targets early-stage startups working on innovations in energy, sustainability, digital solutions, low carbon technologies, or oil and gas-related domains.
Selected startups receive funding through Compulsorily Convertible Preference Shares (CCPS) — an equity instrument that gives HPCL ownership in the startup and converts into equity shares at a predetermined future date. This is not a grant: HPCL becomes an investor, taking a stake in the company.
Beyond capital, the program offers HPCL's industry expertise, mentorship, and potential pilot opportunities within HPCL's ecosystem. Applications close on August 15, 2025.
Apply via the official Google Forms link: https://docs.google.com/forms/d/e/1FAIpQLScODsdcAH6LHIcHyq5XHFNdrnvOujQforL6jwmJ-lHNWX5yOQ/viewform
Highlights
- Investment up to ₹2.5Cr via CCPS (Compulsorily Convertible Preference Shares).
- Open to early-stage startups with DPIIT recognition.
- Focus on energy, low-carbon solutions, sustainability, digital solutions, and oil & gas innovation.
- Application deadline: August 15, 2025.
- HPCL becomes an equity stakeholder – not a grant.
- Apply through powered entry Google form link shared on directory.
Who can apply
The startup must have a valid DPIIT recognition certificate to apply. It should be early-stage and operating in sectors that align with HPCL’s focus areas: energy, low-carbon solutions, sustainability, digital solutions, or innovation related to the oil and gas business. Entity type, state limitations, MSME registration status, and other founder requirements are not specified by the program.
HP Udgam Cohort 2025 (Round-1) by HPCL is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
The most recent application window for HP Udgam Cohort 2025 (Round-1) by HPCL closed on 15 Aug 2025. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.
What the funding covers
- Investment amount: Up to ₹2.5Cr per startup through Compulsorily Convertible Preference Shares (CCPS).
- Equity stake: HPCL receives a share of ownership in the startup (non-dilutive grants are not offered).
- Additional support: Industry mentorship, field expertise, and pilot opportunities within HPCL’s ecosystem (implied from typical corporate accelerator programs; fact-based source limited to CCPS funding and objective).
About the provider
HP Udgam Cohort 2025 (Round-1) by HPCL is offered by Hindustan Petroleum Corporation Limited (HPCL), a corporate programme. It is delivered directly by Hindustan Petroleum Corporation Limited (HPCL) as a grant. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
The selection process details are not publicly provided by HPCL for this cohort.
Documents you’ll need
Before you apply to HP Udgam Cohort 2025 (Round-1) by HPCL, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
HP Udgam Cohort 2025 (Round-1) by HPCL is best suited for startups in India seeking non-dilutive funding of ₹2.5Cr. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding does HP Udgam offer?
The program offers up to ₹2.5Cr per startup, provided through Compulsorily Convertible Preference Shares (CCPS).
What is the deadline?
Applications for Round 1 close on August 15, 2025.
Who is eligible to apply?
Any early-stage startup that holds a valid DPIIT recognition certificate and works in energy, low-carbon solutions, sustainability, digital solutions, or oil & gas-related innovation can apply.
Is this a grant or equity investment?
This is an equity investment via CCPS – not a grant. HPCL receives a stake in your startup that converts to equity shares at a future date.
Do I need DPIIT registration?
Yes, a valid DPIIT recognition certificate is mandatory.
Is MSME registration required?
The program does not list MSME registration as a requirement.
What sectors are covered?
Eligible sectors include energy, low carbon solutions, sustainability, digital solutions, and innovation related to the oil and gas business.
How do I apply?
Applications are submitted via a Google Form linked on the program directory: https://docs.google.com/forms/d/e/1FAIpQLScODsdcAH6LHIcHyq5XHFNdrnvOujQforL6jwmJ-lHNWX5yOQ/viewform?utm_source=startupgrantsindia.com
Who offers HP Udgam Cohort 2025 (Round-1) by HPCL?
HP Udgam Cohort 2025 (Round-1) by HPCL is offered by Hindustan Petroleum Corporation Limited (HPCL), a corporate programme. It is provided as non-dilutive funding.
More funding from Hindustan Petroleum Corporation Limited (HPCL)
Hindustan Petroleum Corporation Limited (HPCL) runs another program listed on startupfunds — compare them before you decide where to apply.
Alternatives to HP Udgam Cohort 2025 (Round-1) by HPCL
Not sure HP Udgam Cohort 2025 (Round-1) by HPCL is the right fit, or already applied? These are other grants open to Indian startups that founders shortlist alongside it.
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