Amazon Launchpad: In India, 250 startups on Amazon Launchpad – The Economic Times–06.12.2017

Twelve months after kickstarting Amazon Launchpad in India, the ecommerce company’s programme for product startups to sell on its marketplace, the etailer has reached a milestone of hosting 250 startups.

Of these, 94 startups have already made revenues of over Rs 10 lakh and 14 have clocked revenue of over Rs 1 crore, according to Sateesh Srinivasan, director and global head, Amazon Launchpad.

“We have had over 2,000 applications over the last one year and have seen a steady increase in the number of people who are interested,” said Srinivasan, on the sidelines of the launch of the product startup competition Startup C-Cube.

Amazon.com launched the contest in partnership with the global hardware accelerator and seed fund HAX and New York-based crowdfunding platform Kickstarter to identify at least one product startup and provide mentorship couples with services worth $500,000.

“We don’t want to limit the number of startups we choose and hence we have said that at least one product startup will be selected and offered training,” added Srinivasan.

via Amazon Launchpad: In India, 250 startups on Amazon Launchpad – The Economic Times

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