KATHMANDU, July 11: Daraz, an online marketplace, has announced the re-launch of its Daraz Sahayatri Program, a stimulus package that was initiated last year to help the small and medium sized enterprises (SMEs) recover from the economic impact of COVID-19.
According to the company, the main objective of the Daraz Sahayatri Program is to help such businesses recover faster through fee waivers, comprehensive online training, weekly payout cycles and additional financing programs.
Daraz Sahayatri Program receives more than 8,000 registrations
The company claimed that it waived marketplace fees for four months for the SMEs, helping 8,000+ businesses to sell online for the first time last year. Furthermore, through the program, new businesses moving online for the first time will now be able to sell on Daraz without bearing any marketplace fee for the next three months up until the Daraz Dashain Dhamaka campaign.
The company in a statement said that the program has been launched with key new additional initiatives which include no marketplace fees for SMEs starting to sell online for the first time for the next three months, reduced seller payout cycles from 14 days to only seven days for all Daraz sellers, exclusive SME financing partnership with preferred conditions in collaboration with Nabil Bank, its banking partner, accelerated sign-up process enabling new sellers to go online within 24 hours of signup, seller queries via live chat to be handled within 30 seconds during business hours and comprehensive e-commerce training and education initiatives via Daraz University.
