As a marketplace e-commerce player, Flipkart said it is their responsibility to enable sellers and the MSME community to bounce back and facilitate economic activity
"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.
In 1994, Bezos had just discovered that web activity had increased by a factor of roughly 2,300% in the past year. Later, he quit the lucrative Wall Street job and began his own business.
Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders
Last month, the government said e-commerce platforms would be allowed to sell only essential items during the lockdown
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In a mail to employees, Krishnamurthy also encouraged them to explore innovative ways to drive value for the ecosystem including sellers, brands, kirana stores and customers
He further spoke about how a "Digital First" approach has helped not just professionals, but also transformed the education sector and reduced corruption.
The companies have committed Rs 46 crore to support India's fight against the pandemic.
Walmart Inc and e-commerce major Flipkart will spend Rs 38.3 crore towards in-kind donations into India to help with the front-line response efforts, a statement said.
Amazon has already announced waiver of commissions for small sellers by almost half, larger rival Flipkart said that it is taking proactive steps to settle the payments related to cancelled orders
The clarification from a senior home ministry official came a day after Union Home Secretary Ajay Bhalla issued revised guidelines for the extended lockdown period till May 3.
The fresh capital will help the company fuel international growth across the US, Europe, Latin America, and Asia-Pacific markets
While Amazon India is learnt to have deferred its summer sale until further notice, sources said Flipkart doesn't have clarity on the sale event yet.
Distributors of the Tata group firm will list themselves on Flipkart as marketplace sellers. Consumers can buy different combo packs using Flipkart platform
'Covid-19 Protection Cover' provides an instant Rs 25,000 benefit plan for to the customer if he tests positive for Covid-19