24th April 2024 – Applications are being accepted for the third cohort of Flipkart Ventures‘ accelerator program, Flipkart Leap Ahead (FLA). Flipkart Ventures said that the chosen businesses that integrate GenAI into their fundamental solutions for various industries will get equity investments ranging from $200,000 to $500,000.
Applications from early-stage tech businesses may be submitted between April 22, 2024, and May 26, 2024. The program includes a two-month mentoring period with industry professionals, operators, and founders for the chosen firms.
The program will end on a demo day when entrepreneurs will present their goals and progress to prospective investors in an effort to win more financing for their growth. In its first two cohorts, Flipkart Ventures has invested in more than 15 businesses in industries such as deep tech, finance, health tech, generative AI, and climate and sustainability.
Conclusion
As part of the Flipkart Leap Ahead accelerator program, FlexifyMe, Algomage, Castler, NimbleBox.ai, and ReCircle are among the five firms that Flipkart Ventures announced in September 2023 that they would support. In December 2023, Lightspeed led a $41 million Series A investment for Sarvam AI, and Ema took home $25 million, the second-largest financing deal for an early-stage business in this industry.
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