A Program called Flipkart Leap was launched by the Bengaluru-based Flipkart to help the startups. The startups in the technology and consumer-internet space will be benefited by this accelerator program. This helps in routing the challenges and contribute to the country's growing entrepreneurial ecosystem, said the flipkart. The Flipkart Leap will provide a 16-week virtual mentorship programme accompanied with an equity-free grant of $25,000 to the shortlisted B2C and B2B startups.
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At the end of the program, the final participants will explain their successful model to investors, corporate and other ecosystem players on the demo-day. They are considered for flipkart funding. The high-potential startups will be shortlisted based on the five criterias:
1. Design & Make for India 2. Innovation in Digital Commerce 3. Technologies to Empower the Retail Ecosystem 4. Supply Chain Management & Logistics 5. Enabling Relevant Deep Tech applications
Kalyan Krishnamurthy, chief executive officer, Flipkart Group, said “The journey for Flipkart, from its launch to becoming one of the most-loved homegrown brands, has been a true harbinger of the potential of the startup ecosystem in India. 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".
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The first startup programme by Flipkart will help lot of potential people with good ideas with innovation lacking financial assistance and the exposure to the ecosystem.
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