Flipkart Ventures, the $100 million venture capital fund set up by Flipkart, will be investing in six startups as part of its accelerator program – Flipkart Leap Ahead.
The six startups will receive an equity investment of up to $500,000 from Flipkart and will undergo mentorship program delivered through a customized curriculum, which has been designed by Bain & Company.
This includes regular mentor connect sessions with experienced Flipkart leaders across various functions including business, product, technology, and finance. At the end of the program, the startups will be able to present their ideas, fine-tuned over the course of the 16-eek mentorship training, to potential investors and industry leaders on a Demo Day.
The Flipkart Leap Ahead program graduated its first cohort in July 2021 with eight startups that pitched their ideas to investors and raised further funding.
The 6 startups are:
Dopplr – Metaverse
Dopplr looks to provide immersive virtual stores as a service for brands, aided by Al driven garment display & personalization. Customers can virtually try on apparel on their avatars and also experience social shopping along with their friends.
Livwell – Insurtech
LivWell Asia, a blockchain-based Insurtech & health engagement application, provides affordable bite-size Insurance products aimed toward millennials. The insurtech company uses dynamic health data from its application to provide rewards and reduced premiums for Insurance purchases.
LogisticsNow (LoRRI) – Logistics Solutions
LogisticsNow’s digital logistics platform (LoRRI) is revolutionizing the B2B transport value chain, powered by a vision to build a National Logistics Grid. LoRRI’s deep data-based freight intelligence and procurement solutions save on costs and time, while enabling sustainability, for shippers and carriers.
NeuroPixel.AI – Automated Catalogs
NeuroPixel.AI is a DeepTech startup at the intersection of Fashion E-commerce and ComptuerVision. They generate lifelike synthetic human models – with the ability to personalize basis Size, Gender and Age, and automate the process of cataloging apparel.
Rightbot Technologies – Robotic Fulfillment
Rightbot Technologies is a full stack robotics automation platform catering to online fulfillment. Currently focused on the quick commerce segment, their proprietary technology enables efficient order fulfillment, leading to higher productivity, lower costs and improved employee wellbeing.
Sellerapp – Seller Enablement
SellerApp is a seller-centric intelligence platform that empowers sellers to manage, optimize and scale their business. Their key focus is to strengthen the seller ecosystem with actionable data and insights. The company also provides deep analysis into category sizing, new product development and Ad Optimization.