Highlights:
- Flipkart’s new start-up programme LEAP has been launched
- Flipkart launched a $100 million seed fund for Indian start-ups in 2021. Flipkart’s investing strategy includes LEAP.
- The program’s goal
- To assist startups in navigating the various hurdles that they confront as entrepreneurs.
What is in the News?
Flipkart’s new start-up programme LEAP has been launched . It’s also known as Leap Ahead. Its goal is to assist Indian start-ups. Flipkart will execute two programmes as part of the LEAP programme. FLIN and FLA are their names. Flipkart Leap Innovation Network is an acronym for Flipkart Leap Innovation Network. Flipkart Leap Ahead stands for Flipkart Leap Ahead.
About LEAP
It will invest money into start-ups that are working on cutting-edge technologies. It will also invest in startups that are developing cutting-edge technologies that are important to the firm. Flipkart’s tech and product teams will collaborate with the selected start-ups. Fintech, logistics, supply chain, alternate commerce, agritech, social health tech, B2B, and edtech start-ups will be identified as part of the initiative.
As part of a 100 million USD strategy
The LEAP initiative is a part of Flipkart’s seed-stage funding. Flipkart launched a $100 million seed fund for Indian start-ups in 2021. Flipkart’s investing strategy includes LEAP.
So far, the work has been completed.
Flipkart selected 8 businesses for the programme in July 2021. Flipkart conducted a 16-week training programme for these start-ups. To accelerate the development of startups in the country, they attended workshops, one-on-one mentor sessions, and classes from industry professionals.
The program’s highlights
- Up to 500,000 USD in equity-based investment
- Experts from several businesses devised a customised programme.
- Senior Flipkart professionals who are well-versed in topic matters will mentor you.
- Improved integration with the Flipkart ecosystem
- Develop a foundational product solution
The program’s goal
To assist startups in navigating the various hurdles that they confront as entrepreneurs . Startups in the following fields are eligible to apply for the programme:
- Customer experience is being redefined.
- The retail ecosystem is being built.
- Fashion’s Future
- Rethinking supply chain
- Increasing the Speed of Digital Commerce
