Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-01-14

Flipkart to create 10,000 millionaires in 2015

Nearly 60 per cent of the millionaire sellers came from the metro cities and the remaining are from the tier 2 and 3 cities.

Flipkart, India's largest e-commerce marketplace, announced that their platform will create over 10,000 millionaires in 2015. The year 2014 saw over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average business of Rs 10 lakhs each while 50 sellers did an average of Rs 1 crore each.

With a year on year growth of close to 30 per cent, apparels and consumer electronics categories have the most number of sellers who have crossed the millionaire mark followed by sellers of home décor, jewellery, handicrafts and large appliances.

Nearly 60 per cent of the millionaire sellers came from the metro cities (Delhi, Mumbai and Bangalore) and the remaining are from the tier 2 and 3 cities. 2015 projections estimate that the numbers from the latter will double.

These numbers are a validation of Flipkart' focus on enabling and empowering sellers and entrepreneurs across India. Flipkart is taking several steps with the aim to help sellers create and expand their brands through workshops/sessions, SME training programmes, Working capital assistance, and Marketing support services like packaging, cataloguing to sellers.

Commenting on this milestone, Ankit Nagori, SVP- Marketplace, Flipkart said, "We are happy to announce that the Flipkart marketplace has helped create 2000 millionaires amongst the sellers on our platform in 2014. Over the last two years we have worked towards enabling sellers across the country to adopt the e-commerce marketplace model to grow their businesses. It's a huge motivation to see this tenfold growth amongst our sellersand the success they are seeing on our marketplace.We will continue in our efforts to better the Indian marketplace ecosystem so that sellers from even the most remote parts of the nation can benefit from this business model."

Ankit further added, "We are confident that 2015 will see more sellers join the e-commerce ecosystem, thus creating at least 10,000 more millionaires within the Flipkart marketplace, especially from the tier 2 and 3 cities in India."

Last year Flipkart has also partnered with government bodies like Federation of Indian Micro and Small & Medium Enterprises (FISME), and signed a Memorandum of Understanding (MoU) with Director General - Employment & Training (DGET), National Institute of Fashion Technology (NIFT), Ministry of Labour and Employment, Govt of India, to help Indian MSMEs leverage the online marketplace platform to scale their businesses by supplementing their employee requirements and upgrading their skills.
 

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    About:Auto 7 is a trustworthy name in the car care segment..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 300 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Real Estate Sub
    PropertyCrow.com is an exciting, intelligent property platform with the entire..
    Locations looking for expansion Maharashtra
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai suburban Maharashtra
  • E-Commerce & Related
    About:InteriorsInfo.com is an online platform for all the Information into..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 400 - 1000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • ABOUT :Birla Edutech Limited - A Yash Birla Group Company..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 10lac - 20lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities