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    Flipkart launches accelerator programme for idea-stage startups

    Synopsis

    Throughout the programme, Flipkart’s leadership team from business, operations, product, and technology will mentor the selected entrepreneurs, and share best practices, in addition to sessions hosted by industry expert.

    flipkartreutersReuters
    Startups that apply should be based in India and should have a working prototype with early adoption metrics.
    BENGALURU: Walmart-owned Flipkart has launched an accelerator programme for idea-stage startups in the consumer internet technology space, to help them build market-ready solutions.

    Startups that are shortlisted for Flipkart Leap will undergo 16-week mentorship training and receive an equity-free grant of $25,000, the homegrown ecommerce company said in a statement.

    “With innovations and disruptions in the field of technology coming about each day, we want to be at the forefront of driving scalability and helping these startups bring value to the industry as well as Indian consumers,” said Kalyan Krishnamurthy, chief executive officer of Flipkart Group.

    Throughout the programme, Flipkart’s leadership team from business, operations, product, and technology will mentor the selected entrepreneurs, and share best practices, in addition to sessions hosted by industry experts, it said.

    flipkart-graph
    The etailer has identified some themes for the programme, including design and make for India, innovation in digital commerce, technologies to empower the retail ecosystem, supply chain management, logistics, and deep tech applications.

    Startups that apply should be based in India and should have a working prototype with early adoption metrics, the company said.

    After completing the programme, the final participants of Flipkart Leap will pitch their successful model to investors, corporates, and other ecosystem players and may also be considered for funding by Flipkart. Last year, the company announced the launch of a venture fund to back early-stage technology startups in the ecommerce, fintech, payments, and other complementary spaces.
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