The corporate can also be waiving the cancellation payment until Could 31, 2021, for orders which will have been cancelled as a result of lockdowns in numerous states, it added.
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Moreover, Flipkart will bear a 100 per cent premium of COVID insurance coverage prolonged to all sellers, which covers hospitalisation and session between Rs 50,000 to Rs 3 lakhs.
“Via these testing instances, it’s our fixed effort to help our vendor companions who face immense operational challenges because of the pandemic. As a democratic market, we need to make sure that our lakhs of vendor companions are capable of proceed operations and hold the financial engine working,” Flipkart Senior Director and Head – Market Jagjeet Harode mentioned.
These initiatives have been rolled out to convey sellers the much-needed respite to maintain their companies lively, he added.
Flipkart has additionally prolonged the window for the Vendor Safety Fund (SPF) inside which sellers have to assert SPF on returned merchandise – from the common 14 days to now 30 days. The corporate will additional ease the insurance policies and efficiency metrics for its sellers to make sure that their enterprise development is just not impacted by state-led lockdowns.
The file variety of COVID-19 instances day by day within the second wave has stretched the healthcare infrastructure of the nation.
Many states have introduced lockdowns and curfews to deal with the scenario, impacting companies.
Most states have allowed e-commerce corporations to function and allowed supply of solely important objects like grocery and medicines.
