Amazon has distinguished 10 Startups as finalists for its accelerator program and associates with Startup India. It promotes developing Indian businesses and, Startups to approach customers across the globe through the amazon e-commerce program.
Across the country, there are 500 entries for the accelerator program. The entries were evaluated by the panel and parameters, including business idea, scalability, and strength of the business plan/model, business metrics in launched markets, and founding team credentials, among others.
Also, the company has managed with the companions like Invest India, Sequoia Capital India, Fireside Ventures, and others to bring some of the best minds in the country and offer them a springboard to perform global consumer brands from India.
Amazon has also set up a mentorship committee which is a part of the program where it consists of Amazon heads from India and across the world, VCs, and senior leaders from Invest India, Brands provide the resources, one-to-one mentorship, and insights on building successful businesses through e-commerce.
Some of the other partners in the program included future brands like D’Moksha Homes and Soulflower from Mumbai, Azani Active from Bangalore, ‘Rage Coffee’ and ‘W2 Why Wait’ from Delhi NCR, True Elements from Pune, and others.
Deepak Bagal, the CEO, Invest India, said the Indian startup ecosystem has transformed into a hub of innovation entrepreneurship. Digitization has encouraged the democratization of way and moment for Indian businesses.
Through this program, an endless potential of expanding businesses and MSMEs to make a permanent mark in global markets.
Amit Agarwal, the global senior VP, Amazon India, said, Amazon Global Selling Start-up Accelerator with a vision to help take the local expertise and shift globally.
Amazon also initiated open virtual mentorship sessions focused on equal learning by calling skilled entrepreneurs and members from its mentorship board for Startups to network and learn from their current ecosystem.
The company will work with businesses of all sizes, supporting them to grow by reaching customers in India and across the world.