Flipkart's flagship 'Flipkart Leap' evolves in two programs to cater dynamic needs of startups

18 Jan 2022 , 10:25 AM

Flipkart, India’s homegrown e-commerce marketplace has announced the evolution of its flagship startup accelerator program – Flipkart Leap to identify wider and relevant market opportunities for its selected startups.

After the successful completion of the first cohort of the program, Flipkart Leap will now evolve into two new programs – Flipkart Leap Ahead (FLA) and Flipkart Leap Innovation Network (FLIN). Flipkart Leap is proud to announce this launch on National Startup Day, a day recognized by Prime Minister Narendra Modi recently to help startup culture spread better across India.

Designed to cater to the dynamic needs of startups across different stages, these two programs – FLA and FLIN will support the startups through insights, mentorship and funding as needed, while helping them scale and build disruptive innovations. With the introduction of these programs, the startup ecosystem will be able to access end-to-end partnerships with Flipkart across their growth stages.

Ravi Iyer, Senior Vice President and Head – Corporate Development, Flipkart, said, “As a homegrown company, we are thrilled to bring innovative propositions back to the ecosystem to foster new-age startups. On the back of its early success, we are evolving Flipkart Leap and bringing relevant offerings that can support startups in the long run.

With dedicated tracks for early-stage and growth-stage startups, this cohort will now expand its benefits to a much wider pool of entrepreneurs who are solving for Digital India — be it meaningful partnerships and potential projects with Flipkart or equity investment that enables them to scale up further.”

The Flipkart Leap program graduated its first cohort in July 2021 with eight startups, who have gone on to successfully raise further funding/investment post their selection in the program.