Flipkart introduces new policy regarding seller rate sheet

E-commerce major Flipkart has announced a new rate sheet policy that includes a simplified rate sheet structure, economy FBF rates and an updated shipping policy. According to the Walmart-owned company, it will go into effect on May 18, 2024, and is intended to drive growth and scale while increasing competitiveness and billing transparency for sellers on the platform.

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With a simplified rate sheet, updated shipping costs and economy FBF rates, sellers will be able to deliver the best value to customers, according to the company. The new rate sheet structure has been simplified from four elements – Fixed, Commission, Pickup, Shipping) to two (Fixed and Commission), while Fulfillment by Flipkart (FBF) has become economical, offering competitive rates and enhanced benefits.

The updated shipping policy also states that shipping under 500g within local and zonal regions incurs no additional charges. However, for domestic shipments and categories exceeding 500 g, an additional fee will apply.

Currently, Flipkart has over 1.4 million sellers on the platform, including Shopsy sellers. With a registered user base of over 500 million, the Flipkart marketplace offers over 150 million products in over 80 categories.

Rakesh Krishnan, Vice President and Chief Market Officer, Flipkart, said, “This rate sheet redesign is part of Flipkart’s broader initiative to streamline operations and provide solid support to our vast network of sellers across India. These changes will improve the ease of doing business and increase potential market reach and consumer engagement. With enhanced benefits, we are confident that this initiative will unlock new opportunities for sellers to grow and transform their selling experience on our platform.”

(Inputs from intern Vidushi Nautiyal)

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