Flipkart to make 10,000 sellers millionaires in 2015

Flipkart has said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.
Flipkart to make 10,000 sellers millionaires in 2015

Bengaluru: Online marketplace Flipkart has said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.

"In 2014, Flipkart helped over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average business of Rs 10 lakh each, while 50 sellers did an average of Rs 1 crore each," Flipkart said in a statement.

With about 30 percent year-on-year growth, sellers of apparels and consumer electronics crossed the millionaire-mark, followed by their counterparts in home decor, jewellery, handicraft and large appliances.

Close to 60 percent of the millionaire-sellers were from metros (Delhi, Mumbai and Bengaluru) and the remaining from tier-2 and tier-3 cities. The firm expects the numbers from tier-2 and tier-3 cities to double this year.

The e-commerce major said it was taking measures to help sellers create and expand their brands by empowering them through workshops, training programmes, working capital assistance and marketing support services like packaging and cataloguing.

"We have enabled sellers across the country to adopt the e-commerce marketplace model to grow their businesses over the last two years on our platform. It's a huge motivation to see this tenfold growth amongst our sellers in 2014," Ankit Nagori, vice president, Flipkart said.

"We are confident that 2015 will see more sellers join the e-commerce ecosystem, thus creating at least 10,000 more millionaires within the Flipkart marketplace, especially from the tier II and III cities in India," Nagori added.

Flipkart offers 20 million products across 70 categories, including books, media, consumer electronics and lifestyle through multiple services such as cash-on-delivery and a 30-day replacement policy.

With about 20,000 employees, the e-retailer has 26 million registers users, clocking eight million daily hits and delivers five million shipments per month across the country.

Image: CorbisImages

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