In the first phase, Reliance Commercial Finance (RCF), part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, will offer supply chain financing to a select set of over 80,000 Snapdeal vendors across the county.

RCF is looking to further expand its e-commerce supply chain financing portfolio and has begun discussions with Amazon and Flipkart as also various other e-commerce firms.

As per industry estimates, e-commerce is a USD 38 billion opportunity and is growing at a rapid rate in India.

RCF currently has a Rs 1,000 crore book from supply chain financing and expects to grow this portfolio to Rs 1,500 crore by the end of the calendar year – marking a 50 percent jump.

The company expects over 10 percent of its total supply chain portfolio to come from supply chain financing for e-commerce vendors by the end of this year.

Supply chain financing for vendors of e-commerce companies has been gaining momentum in recent years as leading players like SnapDeal and Flipkart helping their vendors manage their finances which, in turn, ensures credible delivery eco-system for the platform.

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