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Flipkart expands benefits for sellers
May 28, 2021
Walmart-owned Flipkart on Thursday said it has extended benefits under its seller financing program ‘Flipkart Growth Capital’ to help business continuity and growth for its seller partners.
Flipkart has forged new associations with different banks under the ‘Working Capital’ loans program to expand the breadth of choices and opportunities accessible to lakhs of these marketplace sellers, a statement said.
The ‘Development Capital’ program is planned specially to enable financial incorporation and freedom for micro, small and medium enterprises (MSMEs) that operate online. Seller partners have leveraged benefits from the program, bringing about a normal credit size increment of 18% year-on-year, the statement said.
“E-commerce has played a groundbreaking job for sellers and MSMEs in recent years, particularly during the pandemic, by giving new roads to their growth and expansion. The scope and the benefits of the Growth Capital program will help them accelerate cash flows and manage procurements better,” Flipkart Senior Vice President – Marketplace, Fintech and Payments Group Ranjith Boyanapalli, said.
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