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Banker, miner injects P200 million into the economy
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Flipkart has extended various initiatives to hundreds of thousands of MSMEs (micro, small and medium enterprises), small-scale sellers, artisans, weavers and handicraft partners. They are helping them tide through challenges in the current scenario. These fresh efforts range from financial benefits, health and safety benefits. They support existing seller policies all the way through working capital and insights provided to sellers on the platform. “Through these testing times it is our constant effort to support our seller partners who face immense operational challenges as a result of the pandemic,” said Jagjeet Harode, senior director and head (marketplace), Flipkart. Under fee waivers, Flipkart has exempted the storage fees to curb the impact that any seller may have on their inventory that is fulfilled through Flipkart’s fulfilment centres. The company is also waiving off the cancellation fee till May 31, for orders that may have been cancelled due to lockdowns in va
Flipkart introduces a slew of initiatives to support sellers
May 08, 2021
Provides them financial, health and safety benefits
E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers and handicraft partners to help them tide through challenges in the current scenario. These efforts range from financial benefits, health and safety benefits, support through existing seller policies to working capital and insights provided to sellers on the platform.
Under fee waivers, Flipkart has exempted the storage fees, to curb the impact that any seller may have on their inventory, that is fulfilled through Flipkart’s fulfilment centres. The company is also waiving off the cancellation fee till May 31, 2021, for orders that may have been cancelled due to lockdowns in various states.
Walmart’s Flipkart to cover insurance for all sellers in India and waive additional fees
Walmart-owned Flipkart is exempting storage and cancellation fees for sellers on its marketplace and also providing them with insurance coverage as the top e-commerce platform in India looks to maintain cordial relationships with more than 300,000 sellers who are facing severe disruption amid an unprecedented rise in the spread of coronavirus infections in the South Asian nation.
The Bangalore-headquartered firm said Friday evening that it is exempting storage fees to sellers who use the company’s fulfilment centres, and also waiving off the cancellation fees until the end of the month. (Several Indian states, as they did during the first wave of the virus, have imposed restrictions on sale and delivery of non-essential items.)
NIC Chairman: Gov t Exerting Efforts to Resuscitate Mining Projects
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