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Flipkart announces measures to help SMBs fight COVID-19 pandemic

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Walmart-owned Flipkart on Friday introduced a slew of measures, together with waiver of varied charges paid by sellers, to assist small and medium companies amid the lethal second wave of the COVID-19 pandemic.

Flipkart has exempted the storage charges to curb the impression that any vendor could have on their stock that’s fulfilled by way of Flipkart’s fulfilment centres, the e-commerce main stated in a press release.

The firm can also be waiving the cancellation charge until May 31, 2021, for orders that will have been cancelled on account of lockdowns in numerous states, it added.

Besides, Flipkart will bear a one hundred pc premium of COVID insurance coverage prolonged to all sellers, which covers hospitalisation and session between Rs 50,000 to Rs 3 lakhs.

“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 of seller partners are able to continue operations and keep the economic engine running,” Flipkart Senior Director and Head – Marketplace Jagjeet Harode stated.

These initiatives have been rolled out to carry sellers the much-needed respite to maintain their companies lively, he added.

Flipkart has additionally prolonged the window for the Seller Protection Fund (SPF) inside which sellers have to say SPF on returned merchandise – from the common 14 days to now 30 days. The firm will additional ease the insurance policies and efficiency metrics for its sellers to make sure that their enterprise progress shouldn’t be impacted by state-led lockdowns.

The report variety of COVID-19 circumstances every day within the second wave has stretched the healthcare infrastructure of the nation.

Many states have introduced lockdowns and curfews to deal with the scenario, impacting companies. Most states have allowed e-commerce corporations to function and allowed supply of solely important objects like groceries and medicines.

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