Ease of Doing Business for MSMEs: Walmart-owned Flipkart on Thursday stated it is on track to add 1.2 lakh new sellers to its marketplace by December this year to take its tally of sellers to 4.2 lakh from 3 lakh earlier. Amazon’s arch-rival stated it has currently onboarded about 75,000 sellers, of its 1.2 lakh target, more than the previous handful of months as MSMEs and compact firms “continue to be enthused by the potential of e-commerce ahead of the festive season.” Post pandemic, as e-commerce adoption amongst buyers improved, marketplaces have been adding more sellers to cater to the developing customer base. For Flipkart, its new sellers and MSME base predominantly belong to Tier-II and Tier-III towns such as Agra, Indore, Jaipur, Panipat, Rajkot, Surat, and so forth.
Flipkart stated the rise is also in categories such as basic merchandise, home and kitchen, and individual care. “This festive season, MSMEs and seller ecosystems across the country have come forth even more resilient and rejuvenated and we are excited to support their learning, financial, operational, and business needs as they offer a wide selection of products on our platform. Our continuous effort is to ensure that every small business, MSME, women-entrepreneur, artisan, weaver or handicraft marker is an active participant in the upcoming festive season,” Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group stated in a statement.
The enterprise stated the incoming 1.2 lakh sellers have the possible to develop extra 4 lakh direct and indirect jobs in the ecosystem. Among seller-help initiatives throughout the upcoming festive season, Flipkart had enabled a next-day payment programme for sellers to acquire their order payments inside a day. While there is a 30-day totally free trial for this programme, sellers would be charged a “nominal transaction fee” for the extended period if they choose to continue with the programme. “This construct allows a continuous flow of working capital for the sellers, many of whom face financial challenges that hinder their business growth.” Flipkart stated it is also offering customized finance offerings for sellers from its lenders based on “projected growth”.
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Flipkart has added 66 new substantial-scale fulfillment and sortation centers across India in the run-up to the festive season to strengthen and expand its provide chain. The enterprise had also hosted a 45-day mastering and development occasion for sellers base with respect to very best practices and insights to enhance their business enterprise throughout the upcoming festive season.
Amazon, which has more than 8.5 lakh sellers in India, had also launched a new version of its Delivery Service Partner (DSP) programme in India that enables aspiring entrepreneurs to set up and launch their personal package delivery business enterprise to strengthen deliveries throughout the festive season. It had also announced an MoU lately with the Gujarat government’s Industries and Mines division to push e-commerce exports from the state.