‘Growth Capital’ Programme Launched By Flipkart To Expand Benefits For Sellers
- ByStartupStory | May 28, 2021
Flipkart on Thursday said it has expanded benefits under its seller financing programme ‘Flipkart Growth Capital’ to support business continuity and growth for its seller partners.
The ‘Growth Capital’ programme is designed specifically to enable financial inclusion and independence for micro, small and medium enterprises (MSMEs) that operate online. Walmart– owned Flipkart, has forged new partnerships with multiple lenders under the ‘Working Capital’ loans programme to increase the breadth of options and opportunities available to lakhs of these marketplace sellers, a statement said
“Ecommerce has played a transformational role for sellers and MSMEs in recent years, especially during the pandemic, by providing new avenues for their growth and expansion. The scope and the benefits of the Growth Capital programme will help them speed up cash flows and manage procurements better,” Flipkart Senior Vice President – Marketplace, Fintech and Payments Group Ranjith Boyanapalli, said.
These partnerships have enabled the ‘Growth Capital’ programme to provide sellers with fresh credit options of up to Rs 5 crore,a statement said.
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