Flipkart plans to add 50,000 medium and micro, small and medium enterprises to its fold by the end of the year. This is part of the online marketplace’s plans to source maximum number of categories locally as well as speed up deliveries and cut logistics costs. The move is also expected to create a million secondary jobs. As of now Flipkart has a lakh of such sellers on its platform. Since Flipkart’s expansion will be mainly in Tier III and small towns, the small businesses will help it cover the maximum ground and bring more smaller companies, retailers and kirana stores into the fold. The aim is to ensure that India’s internet economy becomes a hub for innovation and being a home-grown company Flipkart wants to solve unique Indian problems through technology and enable sellers to scale their businesses, prosper, create more employment opportunities, and continue to transform the country’s economy.
In a non-festive month, over 20 million units are sold on Flipkart and almost 70 per cent of transactions on the platform come from small sellers. Group company Myntra has connected over 20,000 kirana stores in 24 states for its last-mile delivery program, helping build a new income source for small shopkeepers.