Snapdeal Launches Capital Assist To Help Sellers With Financing

Snapdeal has announced the launch of Capital Assist, a platform to enable easier availability of capital to its sellers. With Snapdeal’s vision to enable 1 million small businesses online, Capital Assist will encourage banks and NBFCs to join the marketplace platform, to significantly benefit the small and medium sized sellers by providing seamless and low-cost financing to sellers on Snapdeal, depending on their current and future business requirements, helping them increase their sales exponentially on the site.

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The eligibility criteria for sellers to avail this service will be clearly defined by the company along with the funding partners (bank/NBFC) on Capital Assist.

Previously, Snapdeal had launched ‘Snapdeal Seller Zone’ to help sellers manage their inventory online. Snapdeal seems to be bringing in a lot of innovations to stay ahead in the eCommerce rat-race.

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