In a landmark move to bolster India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Flipkart, one of India’s leading e-commerce giants. This collaboration seeks to provide comprehensive support to tech startups across the nation.

Leveraging Flipkart’s USD 100 million venture fund under the Flipkart Leap and Ventures initiative, the partnership is set to offer financial backing, mentorship, and global market access to emerging startups. To date, Flipkart has already invested in 20 startups and continues to scout for high-potential innovators.

Through this MoU, startups will gain access to critical resources, including industry reports, datasets, research publications, and streamlined processes for patent applications. These resources aim to fast-track market entry and foster innovation.

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Joint Secretary of Startup India, Mr. Sanjiv, highlighted the collaboration’s alignment with the government’s Startup India mission, calling it a significant step toward nurturing an entrepreneurial spirit in the country. He emphasized that the partnership would empower startups to scale, create impactful solutions, and position India as a global innovation leader.

Rajneesh Kumar, Chief Corporate Affairs Officer at Flipkart, stated that this initiative reflects the company’s commitment to driving innovation and fostering entrepreneurial success. He added that Flipkart’s resources and network would play a pivotal role in helping startups achieve critical milestones, from prototype development to global market expansion.

This partnership symbolizes a collective effort to create a thriving, innovation-driven economy, further solidifying India’s position on the global startup map.