- Flipkart Ventures has funded over 15 start-ups across various sectors, including deep tech, fintech, health tech, generative AI, and sustainability, during the last two cohort
- The inaugural and preceding cohorts included start-ups which went on to receive further investments, such as RightBot, Tune.ai, LivWell, FlexifyMe, and Dopplr among others
- Selected startups from Flipkart Leap Ahead’s third cohort who are leveraging GenAI in their core solutions will receive mentorship and equity investments between $200,000 and $500,000 to drive their growth
Bengaluru – April 22, 2024: Flipkart’s investing arm, Flipkart Ventures, today announced the opening of applications for the third cohort of its accelerator program, ‘Flipkart Leap Ahead’ (FLA). The accelerator program fosters innovation and nurtures entrepreneurship amongst early-stage Indian tech start-ups. Applications for the program will be open from April 22 through May 26, 2024. This program aims to accelerate the growth journey of early-stage startups, propelling them to the next level. Selected companies leveraging GenAI in their core solutions across sectors will receive equity investments between $200,000 and $500,000 alongside invaluable mentorship to achieve product-market fit, build scalable architecture, and assemble strong teams.
Following the investment, the selected startups will embark on a two-month mentorship program. Under this program, industry veterans, operators, and founders will guide these entrepreneurs to prepare them for hyper-growth. This intensive period concludes with a demo day, where startups showcase their progress and plans to potential investors to secure additional funding for their expansion.
Lubna Ahmed, Head of Flipkart Ventures, said, “At Flipkart, our commitment is towards fostering the future of India’s tech ecosystem. We believe in empowering budding entrepreneurs by equipping them with the necessary tools and resources for growth. The ‘Flipkart Leap Ahead’ program under Flipkart Ventures underscores this mission by providing selected startups with substantial financial investment and, more importantly, opportunities for invaluable mentorship. To drive their growth, we look forward to ushering in the next generation of innovation.”
