Flipkart Launches Accelerator Program to Back Early-stage Startups
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E-commerce major Flipkart has launched its accelerator program ‘Flipkart Leap’ to back early-stage startups. Flipkart Leap will shortlist companies in both consumer Internet and B2B for its 16-week virtual program.
In a nutshell, Flipkart Leap will pick up startups that suit its ecosystem. The Walmart-owned company appears to be the first large scale e-commerce company to launch an accelerator program. Amazon also has an accelerator program, but it’s primarily centered around its merchant ecosystem.
“Flipkart Leap is aimed at unlocking this potential and nurturing new ideas that bring innovation, curiosity, and unconventionality to the local entrepreneurial ecosystem while boosting the government’s ‘Start-Up India’ initiative,” said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group.
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.