Flipkart Invests In 5 Early-Stage Startups As Part Of Its Accelerator Program
Flipkart, India’s top e-commerce known for providing a wide range of products, recently invested in 5 early-stage startups. Its venture investing arm, known as Flipkart Ventures Limited, provides equity-based funding through its accelerator program. These five startups include Castler, FlexifyMe, Algomage, ReCircle, and NimbleBox.ai.
It is one of the popular investing programs of the e-commerce giant, through which it puts money into emerging startups and becomes a part of their growth.
For any company, venture investment is a sign of business expansion, which benefits in the long run. As part of the accelerator program, this investment will also highly impact Flipkart share price and performance in the unlisted share market. If you want to invest in this company’s pre-IPO shares, this post will prove insightful for you.
Details of 5 Early-Stage Startups In Which Flipkart Invested
Flipkart Ventures made an equity-based investment of $250,000 to $500,000 in the startups as part of its accelerator program. As per the company’s statement, these startups are actively developing solutions that address distinct problems and use generative AI and machine learning-powered solutions, digital escrow banking infrastructure, and circular economy solutions.
From the business perspective, this investment means a lot for both Flipkart and 5 early-age startups. The effect of this news can also be seen in the Flipkart stock price, which increased in the last month. Before we further expand the impact of Flipkart’s investment, let’s look at the details of startups.
ReCircle is a clean-tech startup founded in 2016 by Gurashish Sahani and Rahul Nainani. It offers comprehensive end-to-end tech-led solutions in waste management. The startup gained huge popularity due to its ethical circularity and tech-oriented solutions for waste management.
Castler was founded in 2020 by Dinesh Kumar and Vineet Singh, providing digital escrow banking infrastructure. The business delivers highly efficient and user-friendly solutions for managing the payment and settlement processes.
Algomage is the fastest-growing startup founded in 2021 by Anand Rathi, which automates end-to-end image post-production using machine learning. It usually helps photographers cut down processing time during post-production. In addition, the company also helps sponsors during live events to attain high visibility via brand image delivery.
NimbleBox.ai is a managed service startup that developed generative AI applications. Rohan Kumar, Naman Maheshwari, and Anshuman Pandey founded it. The platform easily integrates with the enterprise cloud account and hosts commercially usable models for tailored-based use cases across industries.
FlexifyMe is an AI-enabled physiotherapy founded by Amit Bhayani and Manjeet Singh in 2021. This platform enables long-term care for musculoskeletal disorders by using the AI-generative framework. It offers customised plans for users using a blend of AI-led dynamic posture analysis and traditional healing.
How Will Investment In These Early-Stage Startups Benefit Flipkart?
Flipkart Ventures works with a clear goal to support early-stage startups that have the potential to grow and solve significant societal issues. If we see all 5 early-stage startups in which Flipkart invested through its accelerator program, each one of them uses advanced technologies like AI and machine learning to solve a specific issue.
It shows that Flipkart is working towards diversification and becoming a part of new startups that leverage futuristic technologies.
The company is also looking to improve its financials, positively affecting Flipkart share price, net profit, and EBITDA. A venture investment is the way Flipkart can work on and improve its financial performance in the unlisted share market. In the statement, Flipkart Ventures Head Lubna Ahmed said, “Flipkart has always been at the forefront of empowering the startup ecosystem in India. We are excited to witness the transformative journey of startups in India as they harness Flipkart’s resources and guidance to bring their innovative ideas to life.”
It is clear that Flipkart will benefit from its investment in these startups. Whether it’s in the business expansion or financial metrics in the unlisted share market like the Flipkart stock price, it will be interesting to see how retail investors will get benefit in the future.
Become A Part Of Flipkart’s Growth By Investing In Its Pre-IPO Shares
Flipkart, a name which needs no introduction, is serving millions of customers in India. It gives Amazon tough competition and positions it as a trusted e-commerce. The company earns good revenue by running sales campaigns like “Big Billion Days Sale.” Apart from this, Flipkart also works towards expanding its business and invests in emerging startups like FlexifyMe and NimbleBox.ai.
It is also positive news for retail investors who are looking to invest in Flipkart unlisted shares. In the coming years, we can expect a growth in the share price of Flipkart due to the business growth. If you want to buy Flipkart pre-IPO shares, we suggest you count on trusted unlisted shares broking platforms like Stockify. On this platform, you will get access to the updated Flipkart share price and other details of the company.