Flipkart launches Shopsy to help entrepreneurs

Our Bureau Bengaluru | Updated on July 01, 2021

FILE PHOTO: The logo of India's largest e-commerce firm Flipkart is seen on the facade of the company's headquarters in Bengaluru   -  REUTERS

Aims to enable over 25 million online entrepreneurs by 2023

Flipkart launched Shopsy, an app that will enable Indians to start their online businesses without any investment. With Shopsy, Flipkart aims to enable over 25 million online entrepreneurs by 2023.

With the ability to influence their local network and fulfil their aspirations, users of Shopsy will be able to share catalogues of a wide selection of 15 crore products offered by Flipkart sellers, ranging across Fashion, Beauty, Mobiles, Electronics and Home, among others with potential customers via popular social media and messaging apps.

Entrepreneurs can register on the Shopsy app using their phone numbers and begin their business, as long as they have access to a network of people that trust them, without the hassle of investment, inventory or logistics management.

Also read: Draft e-commerce rules could test Amazon, Walmart operations in India

These entrepreneurs can share catalogues with potential customers via popular social media and messaging apps, place orders on their behalf and earn commissions on the transactions. The commission percentage will vary depending on the category of products being ordered. This platform aims at providing new to digital commerce consumers access to products by simplifying the process through interactions with a trusted person.

“Over the last many years, Flipkart has been committed to contributing towards creating direct and indirect employment opportunities across the country. Shopsy is launched to further that vision and provide additional earning opportunities for millions of enterprising Indians. Now, anyone from anywhere can start their online business with zero investment. In addition, we are opening up Flipkart’s years of e-commerce expertise for Indian entrepreneurs. Entrepreneurs now will utilise Flipkart’s catalogue, established delivery networks, and infrastructure to bring reliability and speed. These benefits will help them enhance the end consumers’ experience, which in turn help them grow their business,” said Prakash Sikaria, Senior Vice President - Growth and Monetisation, Flipkart, in a statement.

Also read:Flipkart launches grocery services in Coimbatore

Many online users in India do not transact online due to two key challenges – Trust and Simplicity.

Globally, ‘distributed commerce’ as a channel has helped solve these problems and has seen tremendous growth. Shopsy’s objective is to power e-commerce for communities and third-party channels where these users spend time/trust.

Published on July 01, 2021

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