E-commerce giant Flipkart recently launched a new B2B platform Flipkart Wholesale, which officially started operations on September 2, aiming to strengthen the connection between small and medium-sized enterprises and kirana stores and retailers, and realize the digitization of the wholesale market. The platform is currently open to retailers in Gurugram, Delhi and Bengaluru, with footwear and clothing being its key focus categories. Operation time September 2, 2020 Affiliated to Flipkart model b2b Sales TypeFlipkart has said it will pilot the product with groceries and fashion products. Currently, Flipkart Wholesale already sells fashion products, including men's wear, women's ethnic wear and children's wear. Logistics and distributionFlipkart Wholesale is not yet available for Apple users and is only available for Android users. Users who place orders on Flipkart Wholesale can get delivery services and the products will be delivered to their doorsteps. According to Flipkart Wholesale, sellers can request returns within 7 days of order delivery. How to joinFlipkart will review the seller's sales qualifications, and once the review is passed, the seller can start selling immediately. About loan quotaWhile the platform is yet to launch grocery items, the credit limit for food products can be up to Rs 6,000, while for fashion products it can be up to Rs 10,000. FlipkaclKqtIrt will adjust sellers’ credit limits accordingly based on their purchasing and repayment behavior. FlipkaEMxfg7rt will also charge sellers late fees based on the amount not paid when due, according to Financial Express. If the seller's overdue amount is between Rs 100 and Rs 5,000, the seller will be required to pay a late payment fee of Rs 50. If the seller's overdue amount is between Rs 5,000 and Rs 100,000, a late payment fee of Rs 100 will be charged. If the overdue amount is between Rs10,000 and Rs25,000, a late payment fee of Rs250 will be charged. If the outstanding amount exceeds Rs. 25,000, a late payment fee of Rs. 500 will be charged. References |
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