Amazon India on Wednesday announced the aiming to reach customers around the world.
The Global Selling Propel supports an early-stage start-ups in the consumer products space to get into international markets and create global brands. Participating start-ups to have a chance to win an equity free grant of $100,000 from Amazon as well as free AWS (Amazon Web Services) credits worth $10,000.
The program will provide start-ups an opportunity to present their business plans to partner VC firms, DSG Consumer Partners, Fireside Ventures and Sequoia Capital India. Bollywood actor and angel investor is a mentor in the program.
The Global Selling Propel Accelerator is designed to provide emerging companies an opportunity to bring their business propositions to life and to create globally popular brands from India, said Amit Agarwal, SVP - India and Emerging Markets, Amazon.
We saw great interest, ideas and entrepreneurial spirit in the inaugural season of the program, and we are excited now to bring the season 2. It is also a part of our commitment to make exports easier for businesses of all sizes and enable $10 billion in e-commerce exports from India by 2025, said Agarwal.
As part of the Startup Accelerator, Amazon has constituted a mentorship board consisting of the Amazon leaders from India and across the world, VC partners and other industry leaders who will engage with their 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 e-commerce.
Our focus was to cater to mothers across the world and help them to feed their children nutritious food which are easy and quick to make. The Amazon Global Selling Propel Startup Accelerator last year played a pivotal role in our success, helping us create sustainable business models which helped increase value proposition and visibility in markets across the world.
Those selected startups will win an equity-free grant of $100,000 (around Rs 74 lakhs) and Amazon Web Services credit worth $10,000 from Amazon, company said in a statement. Provide startups to showcase their business propositions to partner venture firms like DSG Consumer Partners, Fireside Ventures and Sequoia Capital India.
“We saw the great interest, ideas and entrepreneurial spirit in the inaugural season of the program, and we are excited to now bring the season 2. It is also a part of our commitment to make exports easier for businesses of all sizes and enable $10 billion in e-commerce exports from India by 2025,” Amit Agarwal, SVP - India and Emerging Markets, Amazon said. Consisting of Amazon execs from India and across the world, VC partners and other 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. In the post-seed to pre-series A stage (if financed) and want to grow their business to international markets can apply for the accelerator program based on the business idea, scalability and strength of the business plan/model, business KPIs in launched markets, and founding team qualifications, among other factors, it said.
With a mission to expand to global markets, we launched Farm on Amazon a few years ago. Our focus was to cater to mothers across the world and help them feed their children nutritious food which is easy and quick to make operations to US and UK markets globally and have also witnessed over 100% growth in sales.
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