How to Register Business with Flipkart? : A Complete Process

Nowadays, the growth in the E-commerce industry has significantly changed the way of selling and shopping goods. Also, there are many e-commerce aggregator platforms available in the online market that will assist the sellers in doing business easily. As a result, the experience of online shopping has become comparatively more enjoyable and comfortable with just a few clicks, and more and more sellers are opting to Register Business with Flipkart, Amazon, Snap Deal, etc.

In this blog, we will discuss the procedure to Register Business with Flipkart.

Overview of Flipkart

As per a report published by the Indian Brand Equity Foundation (IBEF), Flipkart was established in October 2007 by Mr Binny Bansal and Sachin Bansal.

Further, it is one of India’s leading E-commerce markets and is headquartered in Bengaluru. Earlier, it started as an online bookstore, but later on, started dealing with movies and mobile phones as well. At present, the company provides more than 80 million types of products and has the capacity to deliver around 8 million shipments each month.

Growth of E-commerce Industry

According to the report published by the Indian Brand Equity Foundation on 21.10.2020, the Indian E-commerce Sector has been on an upward growth trajectory and is projected to surpass the USA to become the second largest E-commerce Sector in the world by 2034.

Also, as per the report, the Indian E-commerce sector will cross US $99 billion by the end of 2024 from the US $30 billion in the year 2019, as it is expanding at a 27% CAGR (Compound Annual Growth Rate).Further, the key drivers for the growth of E-commerce sector are grocery and fashion/ apparel.

Moreover, the online penetration of the retail sector is expected to reach 10.7% by the end of 2024, versus 4.8% in 2019. The online shoppers in India had reached 120 million in the year 2018 and are anticipated to reach 220 million by the end of 2025.

Also, the online retailers aim to deliver to 15000 to 20000 pin codes out of nearly 100000 pin codes operative in the country.

Who are all Eligible to Register Business with Flipkart?

The ones eligible to Register Business with Flipkart are as follows:

1. Individual
2. Company
3. Limited Liability Partnership
4. Partnership Firm
5. Sole Proprietorship Firm
6. And any other organisation registered with any other Act or Legislation

Basic Requirements to Register Business with Flipkart

The basic requirements to Register Business with Flipkart are as follows:

1. Identify the Customer Needs
2. Review Your Product
3. Effective Planning
4. Manage Funds properly
5. Choose the Type of Business Structure, i.e., Partnership, Private Limited Company, or Sole Proprietorship.
6. Get the E-commerce Website registered
7. Create an Online Store
8. Launch Mobile App
9. Use Effective Marketing Tools
10. Analysis of the Business Plan
11. Feedback from the Consumers

List of Compulsory Details to Register Business with Flipkart

The list of compulsory details are as follows:

1. Name of the seller
2. Contact address and number of the seller
3. Email ID
4. Business address
5. Pickup Address
6. Product category under which the seller is planning to sell by way of Flipkart.
7. GST Registration Number
8. Documents for other Tax Registration
9. Details of Business Registration, such as the Certificate of Incorporation of LLP, and MOA (Memorandum of Association), and AOA (Articles of Association) etc.

Also, it shall be relevant to mention that other than the details mentioned above, one needs to submit other documents on the basis of type of business structure being registered.

Documents Required to Register Business with Flipkart

The documents required to Register Business with Flipkart are as follows:

Sole Proprietorship

The documents required for Sole Proprietorship are as follows:

Identity Proof

1. Passport of the Sole Proprietor
2. PAN Card of the Sole Proprietor
3. Voter ID or Driving License of the Sole Proprietor.
4. Other government ID card with latest photo.

Address Proof

1. Utility Bill such as Electricity bill, Water Bill, or Telephone Bill;.
2. Latest Bank Account Statement of the Sole Proprietorship company.
3. License, Rent, or Lease Agreement.

Limited Liability Partnership

The documents required for Limited Liability Partnership are as follows:

Identity Proof

1. LLP Registration Certificate.
2. Power of Attorney duly authorised either by an employee or a designated partner in case of LLP for doing a business dealing/transaction on its behalf.
3. LLP Agreement.
4. PAN Card for LLP.
5. Documents Identifying as Designated Partners.

Address Proof

1. Utility Bill such as Electricity bill, Water Bill, or Telephone Bill.
2. License, Rent, or Lease Agreement.

Partnership Firm

The documents required for a Partnership Firm are as follows:

Identity Proof

1. Partnership Firm Registration Certificate.
2. Partnership Deed
3. Power of Attorney duly authorised either by an employee or a partner in case of Partnership Firm for doing a business dealing/ transaction on its behalf.
4. PAN Card for Partners.

Address Proof

1. Utility Bill such as Electricity bill, Water Bill, or Telephone Bill.
2. License, Rent, or Lease Agreement.

Private Limited Company

The documents required for a Private Limited Company are as follows:

Identity Proof

1. A copy of Certificate for Private Limited Company Registration.
2. A copy of Memorandum of Association and Articles of Association.
3. PAN Card for Company.

Address Proof

1. Utility Bill such as Electricity bill, Water Bill, or Telephone Bill.
2. License, Rent, or Lease Agreement.

Also, Read: What Licenses Required to Start an E-Commerce Business in India”

Process to Register Business with Flipkart

The steps involved in the process to Register Business with Flipkart are as follows:

In the first step, the applicant needs to register his/her business at Flipkart portal by visiting Flipkart Seller online Potral^[1].

List Your Products

In the next step, the applicant needs to list his/her products under particular category. Further, for listing a product, the applicant requires to follow some steps as follows:

1. The applicant needs to add the product description. However, it shall be relevant to state that the description given must be enticing and attractive in nature.
2. Now, add images and videos for the product;
3. It is advised to use add high-quality images, as the same will make a huge difference;
4. The applicant can add a catalogue of all his/her products as well;
5. Lastly, confirm the product in the chosen category;

Ready to Dispatch

Once the first order is received by the seller, he/ shecan pack the product and mark the same as “Ready to Dispatch”.

Delivery to Customer

In the next step, the Flipkart’s logistics partner will pick up the said parcel and deliver it to the concerned customer.

Settlement of Payment

Once your order or parcel is successfully dispatched, flipkart will settle all the outstanding payments within 7 to 15 business working days based on the applicant’s seller tier. Further, the payment will be sent directly to the respective bank account by way of NEFT transactions.

Other Registrations Required to Register Business with Flipkart

The other registrations required to register a business with the Flipkart are as follows:

Tax Related Registration

If in case the seller agrees to become a “Flipkart Seller” and registershis/her business entity for the planned business objective, the tax registrations and the bank details required are as follows:

1. Name of the Business Entity;
2. PAN (Permanent Account Number) for private limited company, Limited Liability Partnership, Individual, or partnership;
3. GSTIN (Goods and Services Tax Identification Number)  for the seller, if in case the goods sold on Flipkart comes under the ambit of GST (Goods and Service Tax);
4. TAN (Tax Deduction and Collection Account Number) is needed for the purpose of TDS (Tax Deduction at Source);
5. Bank Account opened in the name of the business;
6. Bank account number;
7. Bank IFSC code for the bank account mentioned above;

Trademark Registration

The term “Trademark Registration” signifies the protection or shield that aims to protect the uniqueness, distinctiveness, individuality of a brand, logo, name, sign, slogan, smell, colour combination, graphics, etc.

Moreover, every seller operating on e-commerce website needs to register his/ her brand for trademark registration to protect the same from duplication. Also, as per the policies issued by Flipkart, no one is allowed to list their products under the licensed brand name till the time they have not acquired Trademark Registration.

Warehouse Requirement

As per the policies and guidelines issued by Flipkart, every seller has the facility to store his/her goods atthe Flipkart Warehouse (Fulfilment Centers).

The main behind this facility is to reduce seller’s burden to find good space to store his/her goods that ultimately decreases the additional investment required to operate the company.

If in case a seller opts to choose Flipkart Fulfilment Service, then he/ she will require to add a place of business to his/her respective GSTIN. However, if the seller choosesthe warehouse facility of another state, then he/she may need a separate GST registration number online for that respective state address.

Additional services, such as shipping, ads, etc. are provided to the sellers working on Flipkart Platform. The main aim behind the same is to ease out the burden to simplify product distribution and make the process of marketing very simple.

Conclusion

In a nutshell, Flipkart offers tremendous business opportunity to those who wish to register and sell their products by becoming a Flipkart seller.

Further, this blog covers the complete process of how to RegisterBusiness on Flipkart. However, it is always advised to hire professional to make the process of registration smooth and hassle-free.

At Swarit Advisors, our experts will assist you with the process to register business with Flipkart, together with the additional registrations required.

Also, Read: How to Start E-commerce Business in India