DPIIT

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 — 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.

DPIIT secretary Rajesh Kumar Singh said that the draft regulations would first be discussed in public before the government would take a final view

The Union minister, Som Parkash, said over 20,000 per cent of growth in the number of startups happened within the last six years