Flipkart and DPIIT Partner to Boost Tech Startups in India
| Aspect | Details |
|---|---|
| Parties Involved | Flipkart and Department for Promotion of Industry and Internal Trade (DPIIT) |
| Agreement | Memorandum of Understanding (MoU) |
| Purpose | Accelerate the growth of tech startups across India |
| Key Initiatives | Flipkart Leap and Ventures program, supported by a $100 million fund |
| Startup Investments | Over 20 startups since inception |
| Support Provided | Resources, guidance, international expansion opportunities |
| Government Resources | Access to government market research reports, datasets, studies, and fast-tracked patent applications |
| Accelerator Program | Started in 2022, focuses on prototype development |
| Vision | Strengthen India's global position as an innovation leader |
| Key Officials | Rajneesh Kumar (Chief Corporate Affairs Officer, Flipkart), Sumeet Jarangal (Director, DPIIT) |