Flipkart to lend an additional INR 75 crores to its sellers
Sellers at Flipkart can seek loan at rate of interest of 11.40 percent
Flipkart, the e-commerce giant, in the wake of encouraging advances worth Rs 125 crore for venders on its stage in one year, is about to lend a helping hand in
Flipkart has collaborated with eight financial establishments including Axis Bank, Capital First, BajajFinserv, Lendingkart and NeoGrowth to offer security free advances to merchants that are selling through its platform
As per the ‘Flipkart Growth Capital’ arrangement, launched in the month of
As per Anil Goteti, the head at Flipkart, one of the major obstacle in the development and growth of small business, be it an offline or online space, is the unavailability of the funds. The programme is in the started in the view to assist the sellers to connect with the genuine finance lenders.
Flipkart is also planning to start promotional offers partnering with the lenders for the upcoming festive season in next two months. Idea behind this is to facilitate the sellers to avail the business opportunity and increase the sphere of their growth while delivering quality products to the customers that use Flipkart for trusted shopping experience.