Article · 8 min read

How to Raise Funds Without Giving Away Equity: Non-Dilutive Funding for Startups in India (2026)

IncorpX Free Beginner India

This is the one map of the full non-dilutive stack in India, with real names next to every option: RBF providers (GetVantage, Velocity, Klub, BridgeUp), venture debt funds (InnoVen, Trifecta, Stride, Alteria), grants (Startup India Seed Fund at Rs 20-50 lakh, NIDHI), state schemes (Karnataka Elevate, Kerala KSUM, Telangana T-Hub), plus MUDRA, CGTMSE, invoice financing and TReDS. Start here to see what actually exists before you take a single call.

  • The Startup India Seed Fund Scheme gives up to Rs 20 lakh as a non-repayable grant for proof-of-concept, no equity given up, but expect a 3 to 6 month timeline through an empaneled incubator
  • Every major Indian city has its own state scheme (Elevate, KSUM, T-Hub, MSINS, iCreate, TANSEED), so grant money is not only a metro-founder game
  • Beyond grants, invoice financing (KredX, M1xchange, TReDS) and customer advances are the fastest non-dilutive cash if you already have receivables
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The question it answers

  1. What are the alternatives to VC and bootstrapping, like revenue-based financing, grants, or venture debt?

Read with it

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