Flipkart’s venture investing arm, Flipkart Ventures, is investing in five early-stage startups as part of its accelerator program - Flipkart Leap Ahead (FLA).
The selected startups that will receive equity-based funding are Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle.
In addition to providing funding in a range from $250,000 to $500,000, The company will also provide mentorship for growth and innovation and will help in achieving product-market fit.
Founded by Anand Rathi in 2021, Algomage automates end-to-end image post-production (culling, editing, and sharing) using machine learning.
Castler digitizes escrow banking to offer a user-friendly, efficient, and secure experience for managing payments and settlements.
Flexifyme is an AI-enabled physiotherapy platform to address long-term care for musculoskeletal disorders.
NimbleBoxai is a managed service to build generative AI applications. The platform integrates with enterprises' cloud accounts as well as on-prem, hosting commercially usable models for tailored use cases across industries.
Recircle is a cleantech startup with a mission to create a circular economy by diverting waste away from landfills and oceans.