Flipkart plans to onboard 50K MSMEs on its platform
Flipkart plans to onboard 50K MSMEs on its platform

Flipkart is targeting to bring 50,000 medium and micro, small and medium enterprises (MSMEs) under its fold by the end of this year. Online marketplace giant’s strategy to onboard  MSMEs as sellers on the platform is crucial as it will help the company in sourcing maximum number of categories locally as well as help in faster deliveries and cut logistics costs. 

The MSMEs connect will help the firm in the next phase of growth, which heavily hinges on expansion in tier-III cities and small towns. This move will also create a million secondary jobs as part of the necessary logistics that would have to be in place for rapid growth.

Flipkart claims to have almost 100,000 MSMEs on the platform.

Kalyan Krishnamurthy, Group Chief Executive Officer, Flipkart, said, “Our knowledge and understanding of the Indian ecosystem allow us to construct frameworks such as ‘Growth Capital’ through which sellers can scale their businesses, prosper, create more employment opportunities, and continue to transform the country’s economy.” 

Rajneesh Kumar, Chief Corporate Affairs Officer, Flipkart Group, added, “Our aim is to ensure that India’s internet economy becomes a hub for innovation and as a home-grown company. We want to solve unique Indian problems through technology. We are committed to making it happen through our initiatives focused on MSMEs, agriculture, Make in India, skilling, and building partnership with kiranas.”

 
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