Flipkart selects 8 finalists for its first-ever startup accelerator program 'Flipkart Leap'

The finalists will undergo a 16-week mentorship program and receive an equity-free grant of USD 25,000

Jan 13, 2021 03:01 IST India Infoline News Service

Flipkart, India’s homegrown e-commerce marketplace has announced the finalists of the first cohort of its startup accelerator program, Flipkart Leap. The company launched the program in August 2020 to help new and upcoming startups grow, scale, navigate challenges, and contribute to India’s growing entrepreneurial ecosystem, thereby boosting the Government’s ‘Startup India’ campaign.

After a rigorous four-stage process, eight (8) finalists were shortlisted from among more than 920 applicants across five categories: Design & Make for India; Innovations in Digital Commerce; Technologies to Empower Retail; SCM & Logistics; and Enabling Deep Tech Applications. The eight cohort companies are ANS Commerce, Entropik Tech, Fashinza, Gully Network, Piggy, Tagbox Solutions, Unbox Robotics, and Wolkus Technology.

These shortlisted startups will now undergo a 16-week mentorship program conducted by a team of Flipkart leaders and various industry experts. The mentorship program has been crafted to provide knowledge of Venture development and secure partnerships for the selected startups under two separate tracks. While the first track will include one-on-one business and technical mentorship, masterclasses, and networking sessions focused on venture development, through tools and best practices for building a scalable business in India, the second track will help the startups explore partnership opportunities with relevant business units at Flipkart.

In addition, the finalists will receive an equity-free grant of USD 25,000 each.

Naren Ravula, VP, Product Strategy and Deployment at Flipkart said, “With Flipkart Leap, we aim to nurture promising startups and help them create compelling solutions for customers and bring value to the industry. The quality of the startups and the number of applications we received have been encouraging. We look forward to working with the eight startups, mentoring them and supporting them through industry exposure and strategic partnerships.”

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