The Flipkart venture fund is an investment vehicle designed to support India’s entrepreneurial ecosystem. The fund will focus on e-commerce, payments and fintech and complementary spaces. The investment will be made available to entrepreneurs who are able to prove that their product or service has global market potential. Although the exact terms and conditions of the Flipkart venture fund have not been made public, the company plans to invest up to $5 billion.
Flipkart has invested in over half a dozen startups in the past six years. The company has also established a separate seed fund. It has already made investments in MapMyIndia, GreyOrange, Rivigo, and Xocai. But it is still unclear whether it will be a good idea to follow the model that worked so well for the company. While other companies may have more limited funding, Flipkart is making it clear that it is serious about investing in startups.
The new fund will focus on growth stage startups, such as MapMyIndia and GreyOrange. It is unlikely that Flipkart will invest in purely seed-stage startups. The company plans to invest in a few early-stage companies. However, it is expected to expand its footprint into complementary areas such as fin-tech. And the company is putting employees’ stock options up for grabs. This is a good sign, as it signals that it believes in the startup’s potential and wants to support its growth.
While a seed fund is an unusual move for a startup to make, it is a great start. With its over a hundred million customers, it is already making significant investments in startups. And since it is a huge market with millions of people utilizing the internet, Flipkart should expect a lot of success with its new venture fund. This funding will allow the company to expand its business and reach. Ultimately, it will give investors more confidence in its investment decisions.
To date, Flipkart has made investments in over half a dozen startups and is currently setting up a seed fund to invest in startups in its niche. The fund is not limited to e-commerce and fin-tech, but will also include other complementary spaces such as retail and food delivery. While the company did not announce the size of the fund, it has previously invested in GreyOrange, MapMyIndia and Rivigo.
Ending Line
Despite the fact that it has invested in over half a dozen startups, it is unlikely to have a seed fund for these companies. Unlike most venture funds, the startup did not disclose the size of its fund. It did not disclose how much money it would invest, but a $100 million fund would be a reasonable size for the company. Founded by former eBay executive RISHI VASUDEV, Flipkart has a strong presence in the Indian market.
