Good news for startups! Flipkart’s corporate venture capital fund is here; check out sectors in focus
26 March 2019 12:00 AM IST
Flipkart has launched its own corporate venture capital (CVC) fund to invest in early-stage startups in India. Globally, organisations such as Google (Google Ventures), Intel (Intel Capital), Qualcomm (Qualcomm Ventures), Microsoft (Microsoft Ventures) too run such funds to back startups across the world.
- Flipkart hasn’t announced further details related to the fund’s corpus, number of startups to be backed annually, ticket size, equity exchange etc.
- Globally, organisations such as Google (Google Ventures), Intel (Intel Capital), Qualcomm (Qualcomm Ventures), Microsoft (Microsoft Ventures) too run such funds to back startups across the world.
- The fund would look at areas related to e-commerce, fintech, payments and complementary spaces, Reuters reported.
- corporate venture capital fund is here; check out sectors in focus
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