Flipkart picks 8 finalists for startup accelerator program; $25,000 grant

E-commerce major Flipkart on Tuesday said it has selected eight finalists for the maiden cohort of its startup accelerator program that will now undergo a 16-week mentorship program and receive an equity-free grant of USD 25,000.

The Walmart-owned company had launched ‘Flipkart Leap’ in August last year to help new startups grow, scale, navigate challenges, and contribute to India’s growing entrepreneurial ecosystem.

“After a rigorous four-stage process, eight finalists were shortlisted from among more than 920 applicants across five categories: Design and Make for India; Innovations in Digital Commerce; Technologies to Empower Retail; SCM and Logistics; and Enabling Deep Tech Applications,” a statement said.