Walmart-owned Flipkart on Friday introduced a slew of measures, together with waiver of varied charges paid by sellers, to help 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 via Flipkart’s fulfilment centres, the e-commerce main mentioned in a press release.
The firm can be waiving the cancellation payment until May 31, 2021, for orders that will have been cancelled due to lockdowns in numerous states, it added.
Besides, Flipkart will bear a 100% 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 mentioned.
These initiatives have been rolled out to convey sellers the much-needed respite to hold their companies lively, he added.
Flipkart has additionally prolonged the window for the Seller Protection Fund (SPF) inside which sellers have to declare 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 be certain that their enterprise progress will not be impacted by state-led lockdowns.
The document variety of COVID-19 circumstances each day within the second wave has stretched the healthcare infrastructure of the nation.
Many states have introduced lockdowns and curfews to sort out the state of affairs, impacting companies. Most states have allowed e-commerce firms to function and allowed supply of solely important objects like groceries and medicines.
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