Flipkart Ventures invests in 6 early-stage tech startups

0
Flipkart Ventures, the $100 million venture capital fund created by Flipkart, announced on Thursday that it is investing in six early-stage tech startups as part of its accelerator program.



The six startups will receive an equity investment of up to $500,000 from Flipkart and undergo a 16-week mentorship under ‘Leap Forward‘ program.

“Through this venture, we strive to be a catalyst in the growing startup community by continuing to expand our program each year and presenting growth opportunities to emerging entrepreneurs,” said Ravi IyerSenior Vice President and Head of Corporate Development.

The startups cover areas such as robotics, AI and personalization, data analytics, supply chain solutions, insuretech, metaverse apps, and more.

These are Dopplr (metaverse), Livwell (insurtech) LogisticsNow, NeuroPixel.HAVE, Rightbot Technologies and Sellerapp.

Startups will follow the well-organized mentorship program delivered through a customized program, which was designed by Bain & Company.

At the end of the program, startups will be able to present their ideas to potential investors and industry leaders during a “demo day”.

The Flipkart ‘Leap Ahead’ program graduated its first cohort in July 2021 with eight startups successfully pitching their ideas to investors and raising additional funding.

SEE ALSO:

Realme 9i 5G vs Redmi Note 11 – price, specs and features compared

The new Maruti Suzuki Alto K10 brings premium SUV features in a compact car

Share.

About Author

Comments are closed.