Tag: marketplace

Myntra
Business World, News

Myntra provides ‘COVID Relief’ measures to help marketplace brand partners tide through the trying times

May 19, 2021 by Rekha Nair 0 Comments #marketplace, #Myntra, #Omni & International Brands Business, #Rajesh Narkar, #Vice President

Bengaluru:Myntra, India’s leading destination for fashion and lifestyle, has rolled out a slew of supportive measures, to help the platform’s marketplace brand partners traverse the difficult times. It has pledged to absorb COVID19 related medical expenses, followed by offering structural relaxations on the operations front, such as the extension of timeframes on various commitments and waiver of fees among others, for the benefit of the brand partners.

With safety, health and wellbeing taking precedence over all else, Myntra is offering all its 2000 marketplace brand partners a special COVID insurance, with a coverage of up to INR 300,000. In addition to this, Myntra is also reimbursing COVID vaccination costs for the partners and two of their family members.

Apart from offering the above medical benefits, Myntra is extending operational support to the brand partners, such as relaxing order fulfilment turnaround time (customer order to arrival at logistics centre/station) from 24 hours to 48 hours. Seller Protection Fund (SPF), the window within which the sellers make claims against returned products has been extended from 14 to 45 days. Myntra has also waived all order cancellation charges for the brand partners, for the months of April and May and an extension of this waiver will be considered based on the situation on the ground.

Speaking on the announcement, Rajesh Narkar, Vice President, Marketplace, Omni & International Brands Business, Myntra said, “At Myntra, we consider it our responsibility to work towards sustaining and strengthening the ecosystem for the benefit of all. The objective of rolling out these special initiatives is to extend support to our brand partners to continue to run their operations smoothly. Our measures are in the interest of both, the health of their organizations as well as of the people who run the organizations, by adding a layer of immunity against any possible systemic effects that could result from the pandemic.”

Myntra has set out to vaccinate its frontline staff including the delivery workforce free of cost at its office premises, apart from its own employees and has also extended home care support, including teleconsultations, diagnostic and pharmacy support, to third-party employees as well.

Stanshare
Business World

Jumpy Rabbit Technologies launches the StanShare platform geared towards the concept of ‘Sharing is Caring’ in over 150+ countries

Nov 25, 2020 by Gouri Achary 0 Comments #Jumpy Rabbit Technologies Pvt. Ltd, #marketplace, #Mr. Abhijit Ghosh, #StanShare

Jumpy Rabbit Technologies Pvt. Ltd. today launched its community wise peer-to-peer sharing platform – StanShare. It’s a one-stop-shop for users to list/buy new and pre-owned products from other individuals & businesses registered on the platform. StanShare is not only a marketplace for products but also of services, where users can engage & transact with professionals – ranging from doctors, teachers, yoga instructors, electricians, plumbers, house helps & many others by a click of a button. The StanShare platform promotes ‘Asset Optimization’ & encourages users to share sparingly used products either by putting them on rent or by offering them as a charity to the needy.

With StanShare, businesses & individuals have an opportunity to list their products & services without paying any upfront charges or fees. It is a unique platform in the market as business owners can have an online presence with minimalistic expenditure & offers a ZERO cost business model for individuals since no commissions are charged from them.

The Founder & CEO of Jumpy Rabbit Technologies Pvt Ltd., Mr. Abhijit Ghosh stated “It’s a platform to create a level playing field for those who have been left behind due to the digital onslaught & feel helpless in taking their business forward in the current pandemic crisis. As a company, our objective is to support people in these tough times & get them onboard – providing them with a cheaper & reliable avenue to enhance their income.”

The StanShare platform also has its heart in the right place as it is of the firm belief of ‘Giving back to the Society’. The Founder & CEO, Mr. Abhijit Ghosh said “There are other aspects of the platform like Sharing & Asset Optimization which are at the core of the company’s vision. With the current crisis making our lives turn upside down, we as a community need to prioritize how we can give back to society. Sharing of products & services at a community level leads to the optimization of assets & is also light on the pocket. With cheap & increasing penetration of internet In India, an online ecosystem of sharing products & services within the community & with our underprivileged brothers & sisters can go a long way towards improving people’s lives & protecting any further deterioration of the environment.”

The StanShare Platform is available on the website at https://www.stanshare.com.You can also download the StanShare App from Google Play Store for Android Devices & from Apple Play Store for IOS devices.