Flipkart is exempting storage and cancellation charges for sellers on its market and likewise offering them with insurance coverage protection in order to take care of cordial relationships with greater than 300,000 sellers who are dealing with extreme disruption amid second wave of the coronavirus infections within the South Asian nation.
Flipkart will bear 100% premium of COVID insurance coverage to all sellers that transact on the platform, protecting any hospitalization and session charges between Rs. 50,000 ($685) to Rs. 300,000 ($4095).
The company has also mentioned that it is exempting storage charges to sellers who use the corporate’s fulfilment centres, and likewise waiving off the cancellation charges till the top of the month.
Additionally, it is extending the window for the Vendor Safety Fund to 30 days (from 14) to make claims on returned merchandise. Flipkart mentioned it should additionally ease its insurance policies and efficiency metrics to make sure that they don’t seem to be impacted by state-led lockdowns.
In an announcement, Jagjeet Harode, Senior Director and Head of Market, Flipkart, stated, “By way of these testing occasions it’s our fixed effort to assist our vendor companions who face immense operational challenges on account of the pandemic. As a democratic market, we need to make sure that our lakhs [hundreds of thousands] of vendor companions are in a position to proceed operations and hold the financial engine operating.”
