Flipkart Ventures invites applications for third accelerator programme

• Selected companies leveraging GenAI in their core solutions will receive equity investments between $200,000 and $500,000.
• The programme has invited applications from India-based, early-stage (between Seed to Series A) technology startups from sectors including fintech (B2B & B2C), mobility and logistics, GenAI, healthtech, Saas, B2B marketplaces, deeptech, and climate & sustainability.

The investment arm of e-commerce major Flipkart – Flipkart Ventures – has invited applications for its third cohort of its accelerator programme – Flipkart Leap Ahead.

Startups leveraging GenAI in their core solutions across sectors will receive equity funding between $200,000 and $500,000 in addition to mentorship to achieve product-market fit, build scalable architecture, and assemble strong teams, the company said in a statement.

The early-stage tech startup-focused accelerator will invite applications from April 22 to May 26, 2024.

The two-month mentorship programme, wherein industry veterans, operators, and founders will guide these entrepreneurs to prepare them for hyper-growth, will conclude with a demo day where startups will share their progress and plans with potential investors to secure additional funding for their expansion.

Unearthing talent

“The accelerator programme provides 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,” Lubna Ahmed, Head of Flipkart Ventures, said.

In its previous two cohorts, over 15 startups across deep tech, fintech, health tech, generative AI, and sustainability have raised funding. The inaugural and preceding cohorts included startups that received further investments such as RightBot, Tune.ai, LivWell, FlexifyMe, Dopplr, etc.

The programme has invited applications from India-based, early-stage (between Seed to Series A) technology startups from sectors including fintech (B2B & B2C), mobility and logistics, GenAI, healthtech, Saas, B2B marketplaces, deeptech, and climate & sustainability.