Five creative startups have been chosen for the third cohort of Flipkart Leap Ahead (FLA), according to a statement released by Flipkart Ventures, the company's investment arm. Accelerating the growth of early-stage firms and facilitating technological synergy within the startup landscape are the main goals of Flipkart's flagship startup accelerator program. The firms in this edition are advancing AI and tech-based enablement, building on the achievements of the previous two cohorts.

These early-stage businesses will get up to $500,000 in equity investments through the FLA program, in addition to a tailored mentorship program created by a multinational consulting firm. Additionally, Flipkart professionals in business, product, technology, and finance provide participants with industry knowledge and strategic mentoring, allowing them to improve their models and scale effectively in cutthroat and ever-changing marketplaces.

A demo day marks the program's conclusion, giving businesses a chance to showcase their work and find additional funding sources. Top startups stood out for their strong founding teams, clear product vision, and focus on solving real-world problems. Participants were evaluated based on their business strategy, traction, growth potential, and vision.

Flipkart Ventures has grown significantly since its founding and now supports over 20 businesses in the deep tech, finance, health tech, generative AI, and sustainability sectors. Flipkart Ventures continues to be committed to fostering innovation as these firms grow, allowing for the creation of game-changing solutions that raise the bar for the sector.

Flipkart's commitment to fostering innovative technology and bolstering India's startup ecosystem is best demonstrated by the Flipkart Leap Ahead initiative. To invest in, assist, and develop tech start-ups throughout India, Flipkart Ventures has inked a Memorandum of Understanding (MOU) with the Department for Promotion of Industry and Internal Trade (DPIIT).

The startups chosen for Flipkart investment in third cohort are: Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly.

Lubna Ahmed, Vice President & Head of Flipkart Ventures says, “Through Flipkart Leap Ahead, we continue to act as a driving force in India’s startup ecosystem, fostering a culture of innovation and providing early-stage companies with the capital, mentorship, and strategic network they need to succeed. By nurturing these startups, we aim to shape the future of technology and entrepreneurship in India.”