Soma Fellows — Frequently Asked Questions
Answers to the questions founders most often ask about Soma Fellows — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What type of funding does Soma Fellows offer to startups?
Soma Fellows provides equity funding, meaning they take a stake in the participating startups. The program offers uncapped funding, with initial investments potentially reaching up to ₹180,000,000. Startups demonstrating strong growth can also qualify for follow-on funding that may exceed ₹900,000,000.
What is the application deadline for the Soma Fellows program?
The application process for Soma Fellows operates on a rolling basis, meaning applications are always open and accepted continuously throughout the year.
Which stages of startups are eligible for the Soma Fellows program?
The program is open to early-stage startups, specifically those in the idea stage or the product stage of their development.
What industries does Soma Fellows typically invest in?
Soma Fellows focuses on startups within specific technology sectors, including AI, SaaS, and Enterprise solutions, as well as companies involved in Deeptech, Electronics, and Robotics.
What non-monetary support can participants expect from Soma Fellows?
Beyond funding, participants receive extensive support including a 24/7 concierge service, access to premium office spaces in San Francisco or New York, high-level customer introductions to Fortune 500 executives, and networking opportunities with over 30 unicorn founders from Soma's portfolio. They also get personalized one-on-one sessions with the Soma team and credits for advanced AI platforms like OpenAI and Anthropic.
Does Soma Fellows require startups to be registered with DPIIT or MSME?
The provided information does not specify any requirements for DPIIT or MSME registration for startups applying to the Soma Fellows program.
How does Soma's past experience benefit startups in the program?
Soma and the Ranadive family bring decades of experience in building and investing in startups, having successfully seeded over 30 unicorn companies. This extensive track record and global network provide participants with deep strategic guidance and valuable connections.
Where are the premium office spaces located for Soma Fellows participants?
Participants in the Soma Fellows program gain access to premium office spaces situated in major innovation hubs, specifically in San Francisco or New York.
How can I apply for the Soma Fellows program?
You can apply for the Soma Fellows program directly through their official application portal.
How much funding does Soma Fellows provide?
Soma Fellows provides ₹90L – ₹18Cr (range) as equity. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
Does Soma Fellows take equity?
Yes. Soma Fellows is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.
Who is eligible to apply for Soma Fellows?
Soma Fellows is open to startups at the idea and product stage working in ai saas enterprise and deeptech electronics robotics. It is open to startups registered anywhere in India.
Who offers Soma Fellows?
Soma Fellows is offered by Soma, a startup accelerator. It is provided as an investment.