Flipkart expands financial support for sellers, offer credit up to Rs 5 cr

Sellers get secured and unsecured loans at interest as low as 9%; sanctions and disbursals within 24 hours of application

E-commerce firm Flipkart has further expanded benefits under its seller financing programme, ‘Flipkart Growth Capital’, to support business continuity and growth for its seller partners.

Walmart-owned Flipkart has forged various new partnerships under the ‘Working Capital’ loan programme. The aim is to increase the breadth of options and opportunities available to lakhs of these marketplace sellers, through multiple lenders.

This is based on their specific business needs. These partnerships have enabled the ‘Growth Capital’ programme to provide fresh credit options to sellers ranging from Rs 5 lakh up to Rs 5 crore.

“E-commerce has played a transformational role for sellers and MSMEs (micro,