Partnership · Financial Services
Paramotor Digital partners with Chitkara University and ABCDL
By Startup Enthusiast ·
- Date
- What it does
- Consumer spend management and loyalty platform
- Kind
- Partnership
- Sector
- Financial Services
What they do
Paramotor Digital Technology runs a consumer spend management, rewards, and digital gifting platform across India
What happened
It signed an MoU with Chitkara University to set up the Sonia Asher Centre of Excellence, and a partnership with Aditya Birla Capital Digital for prepaid…
Why it matters
The company confidentially filed its draft IPO papers with SEBI in May 2026
The details
- Paramotor Digital Technology signed an MoU with Chitkara University to establish the Sonia Asher Centre of Excellence in Future Technologies and Innovation.
- The centre brings together students and faculty from engineering, business, design, mass communication and law.
- It provides exposure to emerging technologies, industry practices, real-world applications, and interdisciplinary learning.
- Paramotor Digital will contribute industry experience through corporate mentorship, workshops, hackathons, professional summits, and symposia.
- Students gain practical exposure to AI, data science, and technology competencies.
- The initiative supports faculty development, student projects, innovation programmes, and industry interaction.
- Internship and employment opportunities are subject to defined selection and performance criteria.
- Paramotor Digital also partnered with Aditya Birla Capital Digital (ABCDL) to market and distribute ABCDL's prepaid payment instruments, including digital and physical prepaid cards and gift cards.
The bigger picture
- The partnership combines Paramotor's fintech experience and digital distribution with ABCDL's prepaid payment infrastructure and regulatory framework.
- ABCDL is the flagship omnichannel D2C platform of Aditya Birla Capital.
- Paramotor Digital confidentially filed its draft IPO papers with SEBI in May 2026, indicating a push towards public listing.
About the business
- Paramotor Digital Technology provides consumer spend management, rewards, and loyalty platform services.
- It offers digital gifting and technical development services for businesses and consumers across India.
- The company distributes prepaid payment instruments including digital and physical prepaid cards and gift cards.
What happens next
- Paramotor Digital will work with Chitkara University to run the Centre of Excellence, including corporate mentorship, workshops, and hackathons.
- The company will also market and distribute ABCDL's prepaid cards to corporate and retail customers.
The deal
- Type
- partnership
Founders
- Sonia Asher, Executive Chairperson and Whole-Time Director
- Dr Madhu Chitkara, President and Co-founder of Chitkara University
Other articles talking about it
More on Paramotor Digital Technology Limited
- Paramotor announces four fintech partnerships in Mumbai11 September 2026 · Partnership
- Paramotor Digital Technology receives SEBI approval for IPO27 August 2026 · IPO
- Paramotor Digital Technology files for IPO17 May 2026 · IPO
- Paramotor launches yayyy.shop digital gifting platform18 October 2025 · Launch
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