Flipkart, once India’s most valued startup is now giving back to the ecosystem. Walmart-owned and Amazon India’s arch-rival Flipkart has set up 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.
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