CURRENT AFFAIRS

Detailed explanation-1: -Flipkart has launched Shopsy, an app that will enable Indians to start their online businesses without any investment. Flipkart aims to enable over 25 million online entrepreneurs by 2023 with the help of Shopsy.

Detailed explanation-2: -Shopsy is a San Francisco-based company founded in 2013 by Lisa Morales-Hellebo.

Detailed explanation-3: -Since its launch in July 2021, Shopsy’s aim has been to make digital commerce accessible across India through a zero-commission marketplace. Today, Shopsy has over 2.5 lakh sellers on the platform who provide 150 million products for customers across India.

Detailed explanation-4: -In July 2021, Flipkart launched its social commerce marketplace called Shopsy, which allowed individuals and small businesses to direct sell and resell products to customers via social media channels.

Detailed explanation-5: -Shopsy by Flipkart is a brand new 0% commission platform for sellers. The platform enables them to enhance their reach to approximately 200-500 million budget-friendly customers.