Flipkart Leap opens applications for second cohort
Hyderabad: After the successful completion of the first cohort of the startup programme, Flipkart Leap will now evolve into two new programmes- Flipkart Leap Ahead (FLA) and Flipkart Leap Innovation Network (FLIN).
Starting January 17, 2022, the programmes will start accepting applications from startups.
Designed to cater to the dynamic needs of startups across different stages, these two programmes – FLA and FLIN will support the startups through insights, mentorship and funding as needed, while helping them scale and build disruptive innovations.
With the introduction of these programmes, the startup ecosystem will be able to access end-to-end partnerships with Flipkart across their growth stages.
Ravi Iyer, senior vice president, Flipkart, said, “On the back of its early success, we are evolving Flipkart Leap and bringing relevant offerings that can support startups in the long run. With dedicated tracks for early-stage and growth-stage startups, this cohort will now expand its benefits to a much wider pool of entrepreneurs who are solving for Digital India – be it meaningful partnerships and potential projects with Flipkart or equity investment that enables them to scale up further.”
The Flipkart Leap programme graduated its first cohort in July 2021 with eight startups, who have gone on to successfully raise further funding/investment post their selection in the program.
Flipkart Leap Ahead
Flipkart Leap Ahead will invest in seed-stage startups at the cutting edge of the latest technology across varied sectors, which have disruptive business models and are innovating in areas that are a priority for the Flipkart group.
The program aims to identify startups across sectors with a broad focus on Fintech, Supply chain, Logistics, SaaS (focused on consumer tech), Alternate Commerce, B2B, Social, Healthtech, Agritech and Edtech, among others.
In addition, they will receive an equity investment from Flipkart ranging between $150K – $500K as well as ecosystem connects, co-developing products and strategies.
Flipkart Leap Innovation Network
The Flipkart Leap Innovation Network programme has been designed to enable a broader set of start-ups to engage with Flipkart’s product and tech teams.
It will look at a wider pool of mature startups that have a viable product that solves problems across themes such as – rethinking supply chain, building retail tech, accelerating digital commerce, future of fashion, and redefining customer experience.
A select set of startups will also get the opportunity to execute pilots and forge commercial partnerships with Flipkart.
The applications are open till February 28, 2022. For the application process and further information on Flipkart Leap, one can visit: https://www.flipkartleap.com/
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