Applications for the challenge are currently open and will close on May 5, 2025. The winning startup will receive an INR 2.5 lakh cash prize, mentorship from Flipkart leaders, and a potential spot in the Flipkart Leap Ahead accelerator β which offers up to USD 500,000 in seed funding.
Post the amendments proposed in the Finance Bill, concerns have been raised over the calculation method of fair market value (FMV) under two distinct laws.