Over 10,000 Sellers on FLIPKART will become Millionaires in 2015

E-commerce giant  Flipkart(founded by Sachin and Binny Bansal)  is all set  to help over  10,000 sellers across the country to generate revenues  worth Rs 10 lakh through its platform this year.

As per the statement released by FLIPKART (as quoted by ECONOMIC TIMES), “Flipkart helped over 2,000 sellers

become millionaires through Flipkart sales in 2014. December 2014 alone saw over 500 sellers doing an average business of Rs 10 lakh each, while 50 sellers did an average of Rs 1crore each.

With a year on year growth of close to 30 percent, apparels and consumer electronics categories have the most number of sellers who have crossed the millionaire mark followed by sellers of home decor, jewellery, handicrafts and large appliances. Nearly 60 per cent of millionaire sellers came from metros (Delhi, Mumbai and Bangalore) and the rest from the non-metros, it said. “2015 projections estimate that the numbers from the latter will double,” the statement 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 II and III cities in India,” Flipkart SVP Marketplace Ankit Nagori said.

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