Last week, we heard about Flipkart offering lending services to assist sellers with working capital. Snapdeal initiated its Capital Assist service last year to help sellers with working capital. Last heard, more than 150 sellers had benefitted with around Rs 50 crore funds through the initiative.
Everyone knows the significance of working capital to keep business going. After Flipkart and Snapdeal, now it’s Shopclues offering working capital assistance, Capital Wings, to sellers in partnership with various NBFCs and Nationalised banks. The online marketplace intends it to be a hassle-free solution to ease working capital problems sellers may face.
Informing sellers about Capital Wings through an email, Shopclues has pointed out the following features:
If you are selling on Shopclues and the following apply to you, then you may be eligible:
So if you have been facing gaps in your cashflow, Capital Wings working capital assistance program may be your chance to accelerate and grow your business further on Shopclues. If you do try it, don’t forget to share your experience with us.
After dwindling with her family business, into travel and hospitality, for more than 3 years, Pooja Vishant found her true love in writing. Happy-go-lucky and cheerful, she loves pink; so pink is the way to go if you want to get into her good books. The Associate Editor keeps track of even a leaf that has moved in the ecommerce world!