Flipkart expands benefits for sellers through its financing program

Flipkart has further expanded benefits under its seller financing program, ‘Flipkart Growth Capital’ for its seller partners. In order to provide the benefits, Flipkart has partnered with multiple lenders, based on the business needs of sellers. According to a release by the company, these partnerships have enabled the ‘Growth Capital’ program to provide fresh credit options to sellers ranging from ₹5 lakh up to ₹5 crore.

The new program enables sellers to get secured and unsecured loans at interest as low as 9%. The e-commerce giant claims that with the help of tech synergies, sanctions happen instantly and disbursals within 24 hours of the application.