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The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Flipkart to invest $100 million in Indian startups, aiming to promote tech-driven innovation and strengthen the country's startup ecosystem. An MoU was signed between DPIIT and Flipkart, with Shri Rajneesh Kumar, Chief Corporate Affairs Officer, representing Flipkart. The collaboration focuses on supporting product innovators and entrepreneurs by providing mentorship, market access, and strategic insights. Separately, Amazon India has signed a similar MoU with DPIIT to promote manufacturing in India. As part of this initiative, Amazon has committed $120 million through its Smbhav Fund to support startups engaged in manufacturing within the country.
Startups thrive on more than capital; they need mentorship, market access, and strategic insight. Flipkart and DPIIT’s collaboration delivers on all fronts. It’s a standout example of the holistic support system every founder should look for. #Entrepreneurship… https://t.co/DT2J9Pcx7T
Amazon India signs MoU with DPIIT to promote manufacturing in India. @AmitAgarwal says firm to earmark $120 million as part of Amazon Smbhav Fund to back startups manufacturing in India @ETtech https://t.co/JQUlXn4D11
An MoU was signed between DPIIT and Flipkart India to promote tech-driven innovation and strengthen India’s startup ecosystem by supporting product innovators and entrepreneurs. The agreement was signed by Shri Rajneesh Kumar, Chief Corporate Affairs Officer, and Shri Sumeet K… https://t.co/j3b9GqbfV2