HP Udgam Cohort 2025 (Round-1) by HPCL
By Hindustan Petroleum Corporation Limited (HPCL)
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Quick Answer
HP Udgam is a corporate startup investment program by HPCL that provides funding through Compulsorily Convertible Preference Shares (CCPS) for early-stage startups in energy, sustainability, and di…
- Funding amount
- Up to ₹2.5Cr
- Funding type
- Grant
- Application deadline
- Closed
- Location
- Open to startups registered in India
- Registrations needed
- DPIIT recognition
Results & next round
Applications for this round closed on 15 August 2025. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by Hindustan Petroleum Corporation Limited (HPCL). Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this grant
HP Udgam is a corporate startup support initiative by Hindustan Petroleum Corporation Limited (HPCL). This program is a startup funding program and not a grant. It provides investment and support to early-stage startups. This program aims to nurture and invest in innovative startups across a diverse range of sectors including energy, sustainability, and digital solutions.
The funding is provided through Compulsorily Convertible Preference Shares (CCPS). A CCPS is a type of equity instrument that gives the investor a stake in the company, which is mandatorily converted into equity shares at a future date. This means HPCL becomes an investor in the startup, taking a share of ownership rather than providing non-repayable grant money.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Hindustan Petroleum Corporation Limited (HPCL) is a Maharatna Central Public Sector Enterprise that sells fuels, LPG and lubricants across India and runs its own refineries. Its startup programme, HP Udgam, helps innovators and entrepreneurs test an idea, validate a proof of…
Learn moreBenefits & Funding
- Amount
- Up to ₹2.5Cr
- Fund type
- Grant
What You Get
Investment of up to ₹2,50,00,000 via CCPS, giving HPCL an equity stake in the startup.
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Is HP Udgam a grant?
No, it is a startup funding program that provides investment through Compulsorily Convertible Preference Shares (CCPS), not a grant. HPCL becomes an investor holding equity in the startup.
What sectors are eligible?
Energy, low carbon solutions, sustainability, digital solutions, and innovation related to the oil and gas business.
What is the maximum funding amount?
Up to ₹2,50,00,000.
Is DPIIT registration required to apply?
Yes, the startup must possess a valid DPIIT recognition certificate.
Is the program currently open?
The 'HP Udgam' Cohort 2025 Round-I application form is no longer accepting responses.
Sources
Data on this page is compiled from official program and provider references.
