India’s largest e-commerce company announced. The formation of the Flipkart Foundation on Monday with a focus on improving market access for underserved communities and opportunities.

Flipkart stated in a statement that the foundation aspires. To have a direct and indirect influence on 20 million lives over the next decade.

The Foundation will continue the Flipkart Group’s efforts. to generate opportunities for ecosystem partners. and convenience for investors through an innovative digital commerce strategy. This will enable it to foster inclusive growth in India. with the goal of achieving grass-roots, large-scale, And institutionalized impacts on poor economic empowerment and growth prospects.

Virendra Kumar, Union Minister for Social Justice and Empowerment. Bhanu Pratap Singh Verma is the Union Minister of State. For Micro, Small, and Medium Enterprises. Sadhvi Niranjan Jyoti, Union Minister of State. For Rural Development, was also sworn in. The national capital is home to the Foundation.

“While India is brimming with prospects. It is imperative that it achieves equal progress. Companies must support underprivileged parts of society. To make them a part of the country’s growth narrative, to help drive this”. At the inaugural ceremony, the Minister of Social Justice and Empowerment remarked.

The Flipkart Foundation is underwritten. By contributions from the Flipkart Group and the ‘Charity Checkout’ feature. This enables charitable giving simple and seamless on Flipkart platforms.

According to the company, the foundation’s establishment is in line. With the Flipkart Group’s continuing efforts to support living standards, by providing indirect jobs and possibilities for lakhs of MSMEs, retailers, and merchants. as well as public investment through its supply chain. and other group services and offerings.

“The Flipkart Foundation is our commitment. To collaborate with a wide range of stakeholders. To achieve transformational progress for society and the economy. The Foundation will address several important social issues. Including art and craft revival, underprivileged job possibilities, disaster help, and more.

Flipkart’s Chief Corporate Affairs Officer, Rajneesh Kumar, explained the situation.

In a statement, Kumar says, “We have set bold aims for the foundation and want to affect 20 million lives.” And in the coming decade, across a wide range of disciplines. Leveraging our learning over the years