Walmart-owned Flipkart should be exempting storage and canceling fees for sellers referring to its marketplace and also gifting them with insurance coverage as the ideal e-commerce platform in Of india looks to maintain cordial human relationships with more than 300, 000 companies who are facing severe trouble amid an unprecedented within the spread of coronavirus infections in the South Chinese nation.
Often the Bangalore-headquartered firm said Week evening that it is exempting cargo room within fees to sellers video camera use the company’s fulfilment centers, and also waiving off the canceling fees until the end of those month. (Several Indian tells you, as they did during the first wave of the virus , have imposed restrictions on sale and delivery of non-essential items.)
Flipkart will bear 100% premium of COVID insurance to all sellers that transact on the platform, covering any hospitalization and consultation fees between 50,000 Indian rupees ($685) to 300,000 Indian rupees ($4095).
The news today comes a week after Amazon, Flipkart’s chief rival in India, announced it was waiving 50% of the referral fee sellers are required to pay the e-commerce firm for this month, though not all sellers are qualified to avail this benefit. (The company said earlier this week that it was also postponing Prime Day in India and Canada due to the growing cases of the infection.)
Flipkart said it is also making it easier for sellers to access working capital from the firm without any incremental cost, though it did not specify the steps it had made.
It is also extending the window for the Seller Protection Fund to 30 days (from 14) to make claims on returned products. Flipkart said it will also ease its policies and performance metrics to ensure that they are not impacted by state-led lockdowns.
Flipkart, which as of last year was working to go public this year, said it has partnered with Vriddhi, Walmart’s Supplier Development Program in India, to organize webinars for small businesses to share best practices to ensure safety of workforce and provide insights to stay afloat amid the crisis.
“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. As a democratic marketplace, we want to ensure that our lakhs [hundreds of thousands] of seller partners are able to continue operations and keep the economic engine running,” said Jagjeet Harode, senior director and head of Marketplace at Flipkart, in a statement.
“With them and their family’s financial and health safety in mind, we have rolled out these initiatives that will bring them the much-needed respite to keep their businesses active.”
India has been reporting over 400,00 daily infections this week, more than any other nation, as the world’s second-most populated nation struggles to contain the second wave of the virus. Scores of firms, startups, investors and people alike are < a new href="https://techcrunch.com/2021/04/28/donate-to-india-covid19/"> uniting to help the nation fight the virus , which has severely impacted the health and fitness facilities.