Ecommerce giant Flipkart has announced eight startups as part of the first cohort of the company’s startup accelerator programme Flipkart Leap, which was launched in August 2020. The first cohort consists of ANS Commerce, Entropik, Fashinza, Gully Network, Piggy, Tagbox Solutions, Unbox Robotics, and Fasal.
The company said it received over 920 applications across five categories — Design & Make for India; Innovations in Digital Commerce; Technologies to Empower Retail; SCM & Logistics; and Enabling Deep Tech Applications. In addition to entry to the programme, the finalist startups will receive an equity-free grant of $25K each.
The shortlisted startups will undergo a 16-week mentoring programme with Flipkart leaders and other industry experts in venture development and for securing business partnerships for the selected startups under two separate tracks. The first track will include one-on-one business and technical mentoring and networking sessions focused on venture development, while the second track will help the startups explore partnership opportunities with relevant business units at Flipkart.
Founders:Amit Monga, Nakul Singh, Sushant Puri, Vibhor Sahare
A full-stack ecommerce enabler for online brands, ANS commerce offers end-to-end solutions such as platform support, performance marketing, marketplace management as well as warehousing and fulfillment.
Founders: Ranjan Kumar, Lava Kumar, Bharat Shekhawat
Bengaluru-based Entropik’s patented platform helps brands measure the cognitive and emotional response of consumers towards product experiences, media campaigns and brand content. This helps unlock critical consumer behavioural insights for brands.
Founders: Abhishek Sharma, Pawan Gupta
A managed marketplace, Fashinza allows fashion brands across the world to access manufacturing capacity on-demand and assists them from design to delivery. Last year, it offered demand-supply matching platform by connecting PPE manufacturers with third-party logistic providers to meet the shortage of raw material in the fight against Covid-19.
Founders: Ajay Nain, Prateek Chaturvedi
A technology-enabled chain of small-format kirana stores for hyperlocal delivery. The platform transforms small neighbourhood stores into omnichannel modern stores, making the store’s experience as well as a business model more competitive
Founders: Ankush Singh, Nikhil Mantha, Kunal Sangwan
The Mumbai-based fintech startup enables wealth management for digital consumers through a personal finance hub that combines payments, credit, investments, insurance, and more.
Founders: Adarsh Kumar, Saumitra Singh, Sameer Singh
Tagbox is enabling businesses to make their supply chains more reliable with solutions based on Internet of Things-based monitoring, machine learning and automation. It tags supply chain shipments or assets to offer health monitoring in real-time and predictive insights to preserve quality.
Founders: Pramod Ghadge, Shahid Memon
Unbox Robotics has developed an AI-powered parcel sorting robotic system for ecommerce warehousing which is said to save over 50% space and improve productivity by more than 5X.
Founders: Ananda Verma, Shailendra Tiwari
An IoT-based AI-powered intelligence platform targets high-value horticulture crops to help farmers cut costs and increase profitability by delivering farm-specific, crop-specific and crop-stage-specific precise actionable intelligence.
Speaking about the accelerator programme, Naren Ravula, Flipkart’s VP of product strategy and deployment, said, “With Flipkart Leap, we aim to nurture promising startups and help them create compelling solutions for customers and bring value to the industry. The quality of the startups and the number of applications we received have been encouraging. We look forward to working with the eight startups, mentoring them and supporting them through industry exposure and strategic partnerships.”