The startups applying for ‘Flipkart Leap’ should be based out of India and should have a working prototype with early adoption metrics, Flipkart said.
Walmart-backed Flipkart is pictured during an event in New Delhi. - Walmart-owned e-commerce giant Flipkart has purchased its parent firm's local cash-and-carry operations to establish a digital wholesale business. (Photo: AFP)
With an aim to help upcoming start-ups grow, e-commerce giant Flipkart on Monday announced the launch of ‘Flipkart Leap,’ company’s first startup accelerator programme.
Under the Flipkart Leap, the company will be able to help new and upcoming companies in technology and consumer Internet space to grow, scale and navigate challenges.
With the call-for-entries beginning today (Monday), ‘Flipkart Leap’ will identify B2C and B2B startups and help them scale through an intensive 16-week virtual programme, the company said in a statement.
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It further said that throughout the programme, Flipkart’s leadership from business, operations, product and technology will mentor the selected startups and share best practices, in addition to master class sessions hosted by industry experts.
The 16-week programme, curated in partnership with global management and strategy consulting firm Zinnov, will open opportunities for startups to prepare their innovative solutions to be market-ready and allow them to win an equity-free grant of $25,000 (around Rs 19 lakh).
The startups applying for ‘Flipkart Leap’ should be based out of India and should have a working prototype with early adoption metrics, Flipkart said.
Post the completion of the programme, the final participants will pitch their successful model to investors, corporates and other ecosystem players on the demo-day and may also be considered for funding by Flipkart.
“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, Flipkart Group.
‘Flipkart Leap’ has identified five themes to shortlist relevant high-potential startups. These include design & make for India; innovation in digital commerce; technologies to empower the retail ecosystem; supply chain management & logistics; and enabling relevant deep tech applications.
“These themes have been identified to tap into the most innovative solutions in the technology and consumer internet space, uniquely built for Indian consumers,” the statement said.
The focus is on bringing digitisation and tech advancement in these thematic areas, including any startups that will be working on disruptive solutions that have the potential to transform the landscape of e-commerce in the next five years, Flipkart said.
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