Flipkart aims to create 10,000 'millionaires'

Written By Unknown on Rabu, 14 Januari 2015 | 21.43

BANGALORE: E-commerce major Flipkart said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.

"In 2014, Flipkart helped over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average business of Rs 10 lakh each, while 50 sellers did an average of Rs 1 crore each," Flipkart said in a statement.

With a year-on-year growth of close to 30%, apparels and consumer electronics categories have the highest number of sellers who have crossed the millionaire mark followed by sellers of home decor, jewellery, handicrafts and large appliances.

Nearly 60% of millionaire sellers came from metros (Delhi, Mumbai and Bangalore) and the rest from the non-metros, it said.

"2015 projections estimate that the numbers from the latter will double," the statement added.

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Flipkart said it is taking several steps like hosting workshop sessions and SME training programmes, offering working capital assistance and providing marketing support services like packaging and cataloging to sellers to help them create and expand their brands.

"Flipkart will continue its efforts to better the Indian marketplace ecosystem, so that sellers from even the most remote parts of the nation can benefit from this business model," Flipkart SVP Ankit Nagori said.

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