India, Feb. 20 -- Flipkart Ventures, the investment arm of Flipkart, has selected five startups for the third cohort of its accelerator programme Flipkart Leap Ahead (FLA).

The FLA programme aims to foster innovation and growth within the Indian startup ecosystem by providing selected startups with investments, mentorship and access to resources that can help them scale up their businesses, the company said in a statement.

As part of the programme, these startups will receive equity investments of up to $500,000, along with mentorship designed by a global consulting firm.

Flipkart also claimed that the FLA programme, since its inception in 2022, has supported over 20 startups across sectors such as deeptech, fintech, health tech, GenAI...