‘Flipkart Leap’ Startup Accelerator Program Launched with $25,000 Grant

'Flipkart Leap' Startup Accelerator Program Launched with $25,000 Grant
Flipkart on Monday launched its first startup accelerator program that it mentioned will assist new and upcoming startups develop, scale and navigate challenges. Called ‘Flipkart Leap‘, the brand new enterprise will determine ‘disruptive’ B2C (business-to-consumer) and B2B (business-to-business) startups and can conduct a 16-week digital program. The chosen startups will obtain $25,000 (~Rs. 18.75 lakh) every as equity-free grant as a part of Flipkart’s efforts to contribute to the nation’s entrepreneurial ecosystem.

The call-for-entries is starting at this time, with Flipkart saying that its management from enterprise, operations, product and know-how will mentor the chosen startups and share finest practices along with masterclass classes hosted by trade consultants. “The program aims to provide tools, framework, knowledge and an ecosystem to help startups create world-class value-driven products by supporting them in building market-ready solutions”, the corporate mentioned in a press launch.

Commenting on the launch, Flipkart CEO Kalyan Krishnamoorthy mentioned: “Flipkart Leap goals at unlocking this potential and nurturing new concepts that deliver innovation, curiosity and unconventionality to the native entrepreneurial ecosystem, whereas boosting the federal government’s ‘Startup India’ initiative. With improvements and disruptions within the discipline of know-how coming about every day, we wish to be on the forefront of driving scalability and serving to these startups deliver worth to the trade in addition to Indian customers”.

The program has been designed and shall be managed by Flipkart’s Product Strategy & Deployment group led by Naren Ravula. The group is accountable for guiding innovation not solely inside Flipkart and its subsidiary,  Myntra, but in addition throughout the broader ecosystem. As a part of Flipkart Leap, they’ll now be accountable for bringing innovation not simply to startups within the metros, but in addition in tier-2 and tier-3 cities throughout the nation.

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