14-May-2024 10:33 PM
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Hyderabad, May 14 (Reporter) Amazon India on Tuesday announced launch of fourth season of Propel – a global business accelerator for startups in the consumer products space.
This, one of its kind programme has been designed to provide dedicated support to emerging Indian brands and startups reach customers around the world using ecommerce exports.
The Propel S4 will support up to 50 startups launch in international markets and create global brands from India, e-commerce major said in a release here.
Participating startups stand to win total rewards worth over USD 1.5 million, including AWS Activate credits, six months of free logistics and account management support, as well as a combined USD 100K in grant from Amazon for top three winners.
Amazon will also help participating startups connect with Indian Revenue-based-financing firms namely Klub, Velocity and GetVantage who will provide curated offers to participating startups to expand their business at scale.
The applications for the programme opened today and will close on June nine.
As part of Propel S4, Amazon has constituted a mentorship board consisting of Amazon leaders, VC partners and senior industry leaders who will engage with emerging brands and provide them tailored resources, 1:1 mentorship and workshops on the global demand patterns and insights on building successful exports business through ecommerce.
Amazon will also host sessions focused on peer learning by inviting veteran entrepreneurs and Propel alumni to help participating startups network and learn from their existing ecosystem, the release added...////...