The Growth Capital program is designed to enable financial inclusion and independence for MSMEs who operate online. Sellers partners have leveraged the programs benefits, resulting in an average loan size increase of 18% YoY.
Flipkart expands benefits for sellers under Growth Capital programme yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Flipkart expands benefits to support seller partners
May 27, 2021
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The program enables sellers to get secured/unsecured loans at an interest as low as 9 per cent, with sanctions happening instantly
Flipkart, India’s homegrown e-commerce marketplace, has further expanded benefits under its seller financing program, ‘Flipkart Growth Capital’, to support business continuity and growth for its seller partners.
The e-tailer has forged various new partnerships under the working capital loans program to increase the breadth of options available to lakhs of these marketplace sellers, through multiple lenders, based on their specific business needs. These partnerships have enabled the ‘Growth Capital’ program to provide fresh credit options to sellers ranging from ₹5 lakh to up to ₹5 crore.
E-commerce firm Flipkart has further expanded benefits under its seller financing programme, ‘Flipkart Growth Capital’, to support business continuity and growth for its seller partners. Walmart-owned Flipkart has forged various new partnerships under the ‘Working Capital’ loan programme. The aim is to increase the breadth of options and opportunities available to lakhs of these marketplace sellers, through multiple lenders. This is based on their specific business needs. These partnerships have enabled the ‘Growth Capital’ programme to provide fresh credit options to sellers ranging from Rs 5 lakh up to Rs 5 crore. “E-commerce has played a transformational role for sellers and MSMEs (micro, small and medium enterprises) in recent years, especially since the pandemic, by providing new avenues for their growth and expansion,” said Ranjith Boyanapalli, senior vice president - marketplace, fintech and payments group, Flipkart. “The scope and the benefits of th
From fashion designing to e-tailing, how Flipkart helped this first-time entrepreneur find his true calling yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.