Sunday, October 01, 2023
Outlook India
Outlook Business


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The investment is being made by Flipkart Ventures through its cohort-based Leap Ahead program

The startups that will receive equity based funding are Algomage, Castler, FlexifyMe,, and ReCircle

Flipkart's in-house marketplace will provide a variety of financial products, including personal loans up to Rs 5 lakh

Selected start-ups will get an opportunity to deploy their solutions, collaborate closely with product teams, and run pilots with various business units

The company saw a growth of over 27 per cent of sellers on the platform since last year

It fell down from 110 deals last year to just 72 this year, amounting to $2.9 billion

The companies received additional certifications in recognition of their commitment to protecting user information and ensuring the highest order of data privacy

The Commerce and Industry Minister also sought setting up a regulatory authority to monitor and regulate e-commerce trade in India

The e-commerce unicorn is willing to explore a new strategy that eyes scaling some selected private labels instead of scaling a group of in-house brands