Flipkart Aims to Create over One Million Seasonal Jobs Ahead of Holiday Season

According to Reuters, Flipkart intends to create over 1 lakh new job openings across its supply chain, including fulfilment centres, sortation centres, and delivery hubs, before the holiday season. Direct and indirect seasonal jobs will include those for local Kirana delivery partners and women. Persons with Disabilities (PWDs) will also be hired to develop a diversified supply chain skill pool, according to a corporate statement.

Flipkart to Prepare for the The Big Billion Days (TBBD)

"The Big Billion Days (TBBD) is about scale, innovating for India, and impacting the ecosystem," said Hemant Badri, senior vice president and head of supply chain, customer experience, and e-commerce for the Flipkart group. It enables millions of new customers, many experiencing e-commerce for the first time." TBBD is the Flipkart sale period during which it offers discounts on top-brand merchandise. "The complexity and scale during TBBD require us to scale up for capacity, storage, placement, sorting, packaging, human resources, training, delivery, and the entire supply chain, and this scale is always unprecedented," Badri explained.

According to him, the company expects to deliver more than 40% of shipments through its Kirana delivery program this year. According to the firm, Flipkart has expanded more than 19 lakh square feet of space in numerous states this year, including Uttar Pradesh, Gujarat, Bihar, Punjab, Rajasthan, and Telangana.

Walmart has Boosted its Ownership in Flipkart

Meanwhile, Walmart boosted its ownership in Flipkart by paying $3.5 billion (about Rs 28,953 crore) to acquire shares from non-controlling interest holders in the six months ending 31 July 2023. Furthermore, the company obtained $700 million in fresh rounds of equity capital for the company's majority-owned PhonePe subsidiary during the six months ended 31 July 2023, according to a US Securities & Exchange Commission (US SEC) filing by the Bentonville-based retailer.

"During the six months ended 31 July 2023, the company paid $3.5 billion to acquire shares from certain Flipkart non-controlling interest holders and settle the liability to former non-controlling interest holders of PhonePe," according to a filing by Walmart.

According to some reports, Walmart's overall stake in Flipkart will rise to 80.5 percent after this. Tiger Global and Accel Partners have purchased a stake in the US e-tailer. Furthermore, the US retailer purchased Binny Bansal's remaining interest in Flipkart.