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07 May 2021

Flipkart announces measures to help SMBs fight COVID-19 pandemic

The company is also waiving the cancellation fee till May 31, 2021, for orders that may have been cancelled due to lockdowns in various states, it added. Besides, Flipkart will bear a 100 percent premium of COVID insurance extended to all sellers, which covers hospitalisation and consultation between Rs 50,000 to Rs 3 lakhs. Flipkart has also extended the window for the Seller Protection Fund (SPF) within which sellers have to claim SPF on returned products - from the regular 14 days to now 30 days.

Online marketplace

31 Mar 2015

Flipkart in talks to raise around $600 mn

Online marketplace Flipkart is believed to be in talks to raise around USD 600 million (about Rs 3,750 crore) from a group of investors.

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