Credit in 2 minutes for 1.5 mn kiranas under Flipkart Wholesale’s new plan

Flipkart Wholesale, the digital B2B marketplace of e-commerce company Flipkart Group, has announced the launch of industry-first credit programs which aim to help kiranas manage their working capital requirements and grow their business.Over 1.5 million kiranas and retailers will be able to avail credit in just two minutes through Flipkart Wholesale’s partnership with lending partners and fintech institutions.

Flipkart Wholesale’s credit offerings, including ‘Easy Credit’ in partnership with IDFC FIRST Bank, are in line with a series of initiatives undertaken to solve local pain points of kiranas in India. The firm said it aims to boost prosperity for them by making their business easier using technology.