E-commerce major Flipkart today said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.

E-commerce major Flipkart today said it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform this year.

"In 2014, Flipkart helped over 2,000 sellers become millionaires through Flipkart sales. December 2014 alone saw over 500 sellers doing an average business of Rs 10 lakh each, while 50 sellers did an average of Rs 1 crore each," Flipkart said in a statement.

Flipkart announced US $700 million (Rs 4434 crore) funding

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) funding even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

The new investment, which comes five months after a landmark $1 billion fundraising, has seen its valuation exceed $10 billion, although the company has not confirmed this.

RBI Working to Remove 2-StepSecurity for Small OnlineTransactions

India's central bank currently requires online transactions undergo a two-step
verification process.

Global e-commerce companies such as Uber Technologies Inc had sought to avoid the two-step process by routing online payments through an offshore server.