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E-tailers dole out benefits to sellers for Diwali

Festive season loans of Snapdeal would be disbursed through its ongoing programme, Capital Assist

E-tailers dole out benefits to sellers for Diwali

With the festive season around the corner, online marketplaces are trying to help sellers in every way possible, in the hope of increasing sales. E-commerce company Snapdeal on Tuesday said it has lined up collateral-free loans worth Rs 1,000 crore for its sellers to enable them to stock up for the Diwali spike in sales. The Gurgaon-based company had in December 2015 told Business Standard it was planning to offer capital-assist loans worth $1 billion (Rs 6,500 crore) to its sellers in the next three years. Festive season loans would be disbursed through its ongoing programme ...