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Amazon India

Amazon advances quick commerce delivery code named Tez

Amazon India is gearing up to launch its quick commerce delivery service, codenamed 'Tez,' by late December or early next year. The move will pit Amazon against established players like Blinkit, Zepto, and Swiggy Instamart in India's rapidly growing quick commerce market. The service is expected to initially focus on groceries and daily essentials.

Amazon India to move corporate headquarters in Bengaluru amid cost-cutting exercise: report

In a strategic cost optimisation move, Amazon India is relocating its headquarters from World Trade Centre in northwest Bengaluru to a more economical location near the city's airport.

Amazon India marketplace entity cuts net loss by 28% in FY24

The company’s revenue growth during the year picked up after it reported only 3% growth in FY23.

Amazon expands cross-border logistics programme; launches export navigator for sellers

E-commerce giant Amazon expands its cross-border logistics program, SEND, adding new carriers and integrating with Amazon warehousing. The program helps Indian exporters ship goods internationally through competitive pricing and streamlined logistics. Amazon also launched Export Navigator, a dashboard guiding exporters on compliance and providing access to support services, aiming to boost exports from India.

Amazon India records high growth in premium product sales across categories during festival period

Amazon's Great Indian Festival 2024 saw a significant rise in demand for premium products, with notable growth in Apple iPad and Samsung tablet sales. Large-screen TVs, premium large appliances, and high-end fashion and beauty items also experienced increased popularity. The festival attracted 20% more customers and set new milestones for seller success and fast delivery.

Swiggy's bigger IPO fundraise; Amazon India FY24 earnings

Swiggy has increased its IPO fundraise size by over 19%. This and more in today’s ETtech Top 5.

Amazon India units post moderate growth, cut losses in FY24

While Amazon’s India marketplace unit is yet to file its audited financials with the Registrar of Companies (RoC), earnings of the three arms indicate a slowdown in Amazon’s India business amid increasing competition from rivals like Flipkart and Meesho.

ED to summon Amazon, Flipkart executives as regulatory scrutiny grows

The planned action signals growing regulatory scrutiny of Walmart-owned Flipkart and Amazon when their sales are rapidly growing in India's $70 billion e-commerce market. An antitrust investigation also found the two companies breached laws by favouring select sellers, Reuters has reported.

Festival season sees ecommerce surge, Amazon registers 140 crore customer visits

Amazon Great Indian Festival 2024 started on September 27, with 24 hours of Prime Early Access, giving customers access to more than 25,000 new launches from top brands across various categories.

Amazon Diwali Deals 2024 LAST DAY TODAY - Best Home appliances deals from top brands

The Amazon Diwali Deals 2024 are entering their last day, offering unbeatable prices on a wide range of home appliances. From kitchen essentials to smart home gadgets, top brands are providing significant discounts that you won’t want to overlook. This is the perfect opportunity to enhance your home with high-quality appliances at fantastic prices.

Amazon India logistics arm posts 7.6% rise in FY24 revenue to Rs 4,889 crore; loss narrows

Amazon Transportation Services (ATS), the Indian shipping arm of ecommerce giant Amazon, saw its net loss narrow marginally by 6.9% to Rs 80 crore in FY24, from Rs 86 crore the previous year, according to regulatory filings sourced from business intelligence platform Tofler.

More Retail recast complete, plan to go for an IPO in two years: MD Vinod Nambiar

More Retail, backed by Amazon and Samara Capital, plans an IPO within 15-20 months after restructuring its business. They closed unprofitable hypermarket stores, exited non-grocery categories, and focused on smaller stores. The company aims to raise ₹200 crore for expansion and anticipates improved financial performance.

Premiumisation driving festive sales: Amazon

Premiumisation is driving festive e-commerce sales in India, with Amazon reporting significant growth in categories like jewellery, beauty, ethnic wear, and watches. While premium segments grow, Amazon also sees rising sales in affordable fashion. Speed, selection, and value remain key competitive factors.

Amazon Diwali Deals - Get best deals on Burners, Kadhai and Pressure Cookers for Dhanteras 2024 in Great Indian Festival

The Amazon Diwali Sale 2024 is your one-stop destination for unbeatable deals on essential kitchen appliances, including burners, kadhai, and pressure cookers. As Dhanteras approaches, shoppers can take advantage of significant discounts on a wide range of high-quality products from renowned brands. This sale offers the perfect opportunity to invest in reliable and efficient kitchenware.

Amazon Diwali Sale 2024 - Top Water Purifier deals during Great Indian Festival

The Amazon Diwali Sale 2024 presents a golden opportunity to upgrade your home with high-quality water purifiers at remarkable prices. As part of the Great Indian Festival, shoppers can explore an extensive range of water purification systems from trusted brands, ensuring access to clean, safe drinking water. With significant discounts on various models, this sale is ideal for families looking to enhance their health and well-being while enjoying festive savings.

Amazon Diwali Sale on Water Heaters - Best Geyser deals during Great Indian Festival 2024

The Amazon Diwali Sale brings fantastic opportunities to upgrade your home with top-quality water heaters at exceptional prices. As part of the Great Indian Festival 2024, shoppers can find a variety of geysers from leading brands, ensuring comfort and efficiency. This sale is the perfect time to invest in a reliable water heating solution, enhancing your daily routines while enjoying significant savings.

Amazon Diwali Sale - Grab the Best Dhanteras Deals in Great Indian Festival here

Celebrate Dhanteras with exceptional savings during the Amazon Diwali Sale! From gold and silver jewelry to home essentials and festive decor, discover a plethora of deals that embody the spirit of wealth and prosperity. Take advantage of discounts across various categories and find the perfect items to illuminate your celebrations.

Amazon India wholesale arm posts revenue of Rs 3,577 crore in FY24, trims loss by 44%

Amazon Wholesale, the ecommerce giant’s wholesale unit narrowed its net loss by 44% to Rs 342 crore in FY24 from Rs 616 crore the previous year, according to regulatory filings sourced from business intelligence platform Tofler.

Amazon India joins hands with Startup India, DPIIT to empower startups through ecommerce

Amazon India and Startup India have joined forces to empower Indian startups. Through this partnership, startups can leverage Amazon's e-commerce platform to reach a wider audience, receive mentorship, and access essential business services. Additionally, Amazon's Saheli program will provide specific support to women entrepreneurs.

Amazon Diwali Gift Ideas - Get the best gifts for your loved ones during Great Indian Festival

This Diwali, celebrate the joy of giving with thoughtful gifts from Amazon. Discover a wide array of Diwali Gift Ideas that cater to everyone on your list—from trendy gadgets and home decor to personalized items and gourmet treats. Embrace the festive spirit and make this Diwali unforgettable with gifts that bring smiles and warmth to those you cherish.

Amazon Diwali Deals - Best AC, Washing Machine and Refrigerator offers of 2024 Sale

Get ready to upgrade your home appliances with Amazon's Diwali Deals featuring the best offers on air conditioners, washing machines, and refrigerators for the 2024 Sale. Enjoy significant discounts and special promotions designed to make your festive shopping both convenient and affordable. From energy-efficient models to innovative features, find the perfect appliances to meet your needs and elevate your home this Diwali.

Amazon Diwali Best-sellers - Deals you can’t miss starting at just Rs.89 in the Great Indian Festival

Celebrate Diwali with unbeatable savings on Amazon's best-sellers during the Great Indian Festival. With prices starting as low as ₹89, this festive season is the perfect time to shop for gifts, home decor, fashion, and electronics. Don’t miss out on these fantastic deals designed to brighten your celebrations!

Amazon Great Indian Festival Sale 2024 - Top 9 Deals of the Year

The Amazon Great Indian Festival Sale 2024 is here, offering unbeatable discounts on a wide range of products. From cutting-edge electronics to stylish fashion, this annual event showcases the top deals of the year. With exciting offers on everything from gadgets to home essentials, it’s the perfect opportunity to grab your favorite items at remarkable prices.

Great Indian Festival - Smartwatches and Headsets deals in Amazon Sale 2024

The Amazon Great Indian Festival 2024 is the ultimate shopping event, showcasing incredible discounts on smartwatches and headsets. With a diverse range of options from leading brands, this festival offers tech enthusiasts the perfect opportunity to upgrade their gadgets. Dive into the exciting world of wearable technology and audio devices this festival season!

Amazon launches Smbhav Hackathon 2024 for next-gen tech and AI-powered innovations for small businesses

Amazon India has launched the Amazon Smbhav Hackathon 2024 to foster tech and AI-powered innovations for Indian SMBs in e-commerce.

Amazon India set to tweak seller fees

In March, ET reported about Amazon increasing commissions in the range of 10-30% across major segments. At the time, it had shifted several categories like car electronics, keyboards and mouses, and personal care appliances from a single flat commission to a tiered system based on ASP. This time, categories like apparel, home furnishing, fashion and sports will see a reduction in seller commissions.

Win with trust, not just discounts

During India's festival season, consumer spending peaks, driving robust economic activity. Success hinges not just on alluring deals but on brand trust, defined by authenticity, ethical practices, and data security. Brands like Tanishq, HUL, and FabIndia excel by prioritizing transparency and social responsibility. The e-commerce boom necessitates data protection, with Amazon setting benchmarks. Effective customer service and ethical campaigns further enhance consumer loyalty during these high-spending periods.

Amazon Great Indian Festival 2024 - BEST DEAL PRICE on TV, Mobiles and Playstation

The Amazon Great Indian Festival 2024 is here, offering fantastic deals across a wide range of products. From cutting-edge smartphones and smart TVs to gaming consoles, shoppers can enjoy significant discounts and exclusive offers. This year’s festival features top brands and unbeatable prices, making it the perfect time to upgrade your tech or shop for essentials. Dive into the featured deals and take advantage of limited-time offers that cater to every need.

Rajasthan emerges as promising region in consumer electronics category on Amazon

Rajasthan customers have shown a preference for smartphones priced above Rs 20,000, while Jaipur has gravitated towards mid-range phones in the Rs 10,000 to Rs 20,000 range.

Amazon Dussehra deals - Best Microwaves and Chimneys on sale in Great Indian Festival 2024

The Amazon Great Indian Festival Sale 2024 is here to offer fantastic discounts on essential kitchen appliances like microwaves and chimneys. Shoppers can explore a wide range of options from leading brands, making it the perfect time to enhance your cooking experience. With substantial savings on high-quality products, this sale caters to every budget and need, whether you're a gourmet chef or simply looking to streamline your kitchen tasks. Don't miss out on these incredible deals!

Great Indian Festival 2024 - Best-selling Mobile Deals in Amazon Dussehra Sale

The Amazon Great Indian Festival 2024 is set to offer incredible deals on the best-selling smartphones, just in time for Dussehra. Shoppers can expect substantial discounts from leading brands like Apple, Samsung, OnePlus, Xiaomi, and more. This sale features a wide range of mobile options, from flagship devices with cutting-edge technology to budget-friendly models that deliver great value. Don’t miss the opportunity to upgrade your mobile experience while enjoying festive savings!

Amazon Great Indian Festival - Dussehra Deals on Laptops and Tablets in one place

This Dussehra, the Amazon Great Indian Festival brings an exciting array of deals on laptops and tablets from leading brands. From high-performance laptops to versatile tablets, the sale features products that combine style, functionality, and the latest technology. Don't miss out on the chance to enhance your productivity and entertainment experience at fantastic prices!

Festive sales hit $6.5 billion in a week on ecommerce street: report

Industry insiders said online shoppers–including a large chunk from smaller towns and cities–have been buying products with higher average selling price (ASP) with many opting for EMI payments. Some brands said they are worried about supply issues because the demand is higher than what they expected.

Amazon India inks pact with labour ministry to post job opportunities on NCS portal

By bridging the gap between supply and demand, NCS has the potential to connect job providers and job seekers across levels and roles, particularly in the fast-growing e-commerce sector, and contribute to the overall economic development of the country, the statement said.

Online marketplaces see $6.5 billion in sales during festive week

Online marketplaces achieved $6.5 billion in sales during the first week of festive sales, a 26% rise from last year. Mobile phones, electronics, and consumer durables were the top categories. Demand was especially strong among shoppers from smaller towns. Companies like Flipkart, Amazon, and Meesho saw significant increases in orders.

Amazon Great Indian Festival Sale 2024 - Top TV DEALS from best-selling brands

The Amazon Great Indian Festival Sale 2024 is back, bringing a plethora of unbeatable deals on televisions from leading brands. This year's event promises significant discounts, enticing bundles, and the latest features to enhance your home entertainment setup. Whether you're looking for smart TVs, OLED displays, or budget-friendly options, this sale offers something for everyone. Get ready to upgrade your viewing experience without breaking the bank!

NCERT books will now be sold on Amazon as well through authorised sellers

Amazon India has teamed up with NCERT to make textbooks available online. This will benefit students from Kindergarten to Class 12 and UPSC aspirants. The initiative aims to provide easy access to genuine, affordable resources. Designated vendors will ensure timely deliveries, making education more convenient for students across India.

Amazon Sale TOP DEALS - Best offers of Great Indian Festival 2024. CHECK THEM NOW

The Great Indian Festival 2024 on Amazon brings a wave of incredible offers and discounts across a variety of categories. From electronics and fashion to home essentials and beauty products, this sale is designed to cater to every shopper’s needs. Explore the top deals that promise significant savings and make your shopping experience even more delightful.

Amazon India creates over one lakh seasonal jobs ahead of festive season

Amazon India has created over 110,000 seasonal job opportunities across its operations network to meet increased demand during the festive season. These jobs span cities like Mumbai, Delhi, Pune, and Bangalore. The company has also hired thousands of women and nearly 1900 disabled persons. Many of these associates continue working with Amazon post-festive season.

Amazon Great Indian Festival Sale: Massive Discounts on ACs from LG, Daikin, Carrier, and Other Brands Goes Live for Prime

The Amazon Great Indian Festival Sale will soon be going live with massive discounts on categories like electronics, mobiles, appliances, fashion and beauty, daily needs, and many more. Want to get early access to the sale? Make sure that you join the Prime membership for 24-hour early access. Happy Shopping!

Amazon Great Indian Festival Sale: Up to 55% Discount on Refrigerators Goes Live For Prime

The Amazon Great Indian Festival Sale is back to make your festive season even more joyful and prosperous. The sale will be going live one day prior for the Prime members, i.e. 26th September 2024. Make sure that you join the Prime membership and make the most out of this sale. Happy Shopping!

Amazon Great Indian Festival Sale: Top Deals on HP, Lenovo and Dell Laptops Unraveled

The Great Indian Festival Sale is almost here and it's time to brace yourselves so that you do not miss on the greatest deals and discounts. This Amazon sale is applicable to all major categories like appliances, electronics, mobile phones, daily needs, fashion and beauty and many more. Happy Shopping!

Amazon India set to tweak seller fees ahead of festive season

Amazon India adjusted its seller fee structures starting September 9. Reduced commissions across multiple categories aimed at supporting sellers during the festive season, with a focus on low-priced products. Categories such as ethnic wear and home furnishings saw significant fee reductions, while others like backpacks and studded fine jewellery had fee increases.

Amazon India may launch another app in India. Know more

Amazon explored launching a separate app for its digital payments service, Amazon Pay, in India. The shift aimed to enhance visibility and usage outside the main e-commerce app. The strategy aligned with a recent Rs 600 crore investment in Amazon Pay India, reflecting the company's continued focus on the Indian market.

ETtech Exclusive: Amazon India set to launch quick commerce as competition swells

Amazon has put together a plan to take on the quick commerce challenge in India, with its own offering which is slated to launch by early next year. The India unit of the etailer has handed over the responsibility of building its quick commerce strategy to senior executive Nishant Sardana as part of a rejig of the top leadership.

Online festive season sales set to touch $12 billion this year: report

Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1 billion of these ecommerce sales.

Amazon’s new India head; Nazara to raise Rs 900 crore

Samir Kumar, an Amazon veteran, will replace Manish Tiwary as the country manager for India. This and more in today’s ETtech Top 5.

Amazon veteran Samir Kumar to replace Manish Tiwary as India head

Samir Kumar, an Amazon veteran, will replace Manish Tiwary as the country manager for India starting October 1. Kumar, who has been with Amazon since 1999, will also continue to lead Amazon’s consumer businesses in the Middle East, South Africa, and Turkey. This leadership change comes as Amazon prepares for the crucial festive season.

Amazon Great Indian Festival Sale 2024 - Early deals revealed. Check them out here!

The Amazon Great Indian Festival Sale 2024 is just around the corner, and we’re excited to bring you an exclusive preview of the early deals. This year’s sale promises massive discounts across a wide range of categories, including electronics, fashion, home appliances, and more. From tech gadgets to stylish apparel and essential home goods, shoppers can look forward to unbeatable offers and limited-time promotions. Get ahead of the crowd with our early reveal of the Amazon Great Indian Festival Sale 2024 deals.

Amazon India head quits; Ola Electric IPO subscription

Amazon India country head Manish Tiwary is set to step down in October. Details on this and more in today’s ETtech Top 5.

71% of Indian consumers intend to shop online this festive season: report

According to a survey by market research firm Ipsos Research, commissioned by Amazon India, 71% respondents indicated they plan to shop online this festive season, while 89% expressed excitement about the upcoming festivities.

Microsoft, TCS, Amazon India's most attractive employer brands: survey

According to Randstad Employer Brand Research 2024, Microsoft has been named the most attractive employer brand in India, followed by TCS and Amazon. Microsoft excelled in financial health, reputation, and career progression opportunities. The survey noted that employees value work-life balance and equity. The report also highlighted the increasing use and expected impact of AI on jobs.

Microsoft, TCS, Amazon India's most attractive employer brands: Survey

Microsoft is India's top 'attractive employer brand' according to Randstad Employer Brand Research 2024, followed by TCS and Amazon. Microsoft excelled in financial health, reputation, and career progression. The survey covered 173,000 respondents globally, including 3,507 in India. Top EVP drivers include work-life balance, equity, and attractive salaries.

Amazon India plans to set up rest points for delivery associates across cities

Amazon India unveiled Project Ashray to set up rest points for its delivery associates in various cities, providing amenities like clean drinking water and phone charging stations. The initiative starts in Delhi NCR, Bengaluru, and Mumbai, with plans to expand nationwide, enhancing working conditions for delivery personnel.

Amazon India head Manish Tiwary resigns as competition heats up

While no immediate replacement is planned, the leadership team will work closely with Amit Agarwal, SVP, EMs. Tiwari's resignation comes at a time when Amazon India has lost market share in certain key markets and top categories to arch-rival Flipkart, and Meesho, Reliance and Tata Group are scaling their ecommerce plays.

India has big untapped potential in MSME exports: Bhupen Wakankar, Amazon

Amazon says 1.50 lakh exporters have been part of the Amazon Global Selling programme, cumulatively selling over 40 crore made-in-India products across the world.

Amazon Global Selling to cross $13 billion in cumulative e-commerce exports from India by 2024-end

Amazon's Global Selling program is set to surpass $13 billion in cumulative e-commerce exports from India by the end of 2024, with a target of $20 billion by 2025. Indian sellers on the platform have grown by 20% in the last year, reaching 1.5 lakh exporters selling over 40 crore products globally.

Railways, Amazon sign deal to scale up use of train network for faster delivery of customer packages

Amazon India and the Indian Railways have signed an MoU to strengthen their parcel transportation partnership. The agreement focuses on creating a hub-and-spoke model, enhancing transit times, and expanding parcel volumes via railways. The collaboration aims to streamline logistics for the e-commerce sector, ensuring faster and more reliable deliveries across India.

Amazon in q-comm queue; Big B’s Swiggy stake

Happy Wednesday! Amazon India is gearing up to enter the quick commerce space independently, sources tell us. This and more in today’s ETtech Morning Dispatch.

Amazon launches AI assistant ‘Rufus’ in India

Amazon has launched AI assistant Rufus for customers in India, which will help shoppers get product recommendations, compare customer responses etc. It is available in beta mode for now. It was rolled out to all customers in the US in July.

Q-commerce fuels D2C deals; Amazon India head exits

Happy Wednesday! The surge in quick commerce is driving deal activity in the D2C sector. This and more in today’s ETtech Morning Dispatch.

Amazon's investment in India to make up for its losses; not to support Indian eco: Piyush Goyal

Commerce and Industry Minister Piyush Goyal criticised Amazon's USD 1 billion investment in India, accusing the company of filling losses through predatory pricing that harms small retailers. He questioned the e-commerce business model and potential social disruptions caused by fast-growing online retail. Goyal emphasised the need for orderly technology growth and citizen-centric connectivity. He also disassociated himself from a report on e-commerce impact, expressing concern over the future dominance of e-commerce in India.

Amazon India sets up four hubs to deliver urgent relief material in less than 72 hours

Amazon India has established four hubs, including a temporary hub in West Bengal, to deliver urgent relief within 72 hours due to heavy rainfall and floods. Located strategically across different regions of India, these hubs help support communities hit by natural disasters, proving crucial in recent floods. Amazon has delivered shelter kits benefiting over 10,000 families.

After Snake, now Mumbai techie claims Amazon delivered tea cups instead of foldable Rs 50,000 mobile

A Mumbai man alleged he got tea cups instead of the Tecno Phantom V Fold 5G smartphone from Amazon, prompting a police complaint. He criticized Amazon's customer support. Separately, a Bengaluru woman discovered a snake in her Xbox controller parcel from Amazon. These incidents have raised concerns about online shopping reliability.

Amazon India gets funds; IT margins hit

Amazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.

Tata Digital stitching ‘value fashion’ plan under its Cliq brand

Tata Digital, the ecommerce arm of the Tata conglomerate, is in talks to develop a budget fashion line on its Tata Cliq platform to take on industry competitors Flipkart, Amazon India, and Reliance Ajio. While the company has Zudio in that category, sources said that brand is likely to stay offline only and there are no plans to take it on Neu yet.

It's trending D2C: new-age brands flex muscle via own sites

Direct ecommerce, or brands selling directly to consumers through their digital platforms, has risen to 10-15% of India’s online retail market of $70-75 billion now, from 2-3% five years ago, according to data. Why are these brands focussing on their own channels for sales and cutting reliance on marketplaces?

Amazon Prime Day Sale: Amazon Mobile Offers (2024)

Grab some of the biggest discounts along with the freshest smartphone launches of the time during the Amazon Prime Day Sale 2024. If you are a technology enthusiast, then there is no better time than this as multiple brands are launching their smartphones for the first time during the Amazon sale.

Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos

Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season. Expectations are high for the discounts to be the steepest since Covid-19, particularly in categories like smartphones, electronics, and apparel, which have faced sales pressure in the first half of the year. Multiple sales events are planned by marketplaces like Amazon and Flipkart, including Prime Day and Independence Day sales, extending till Diwali.

NIIT appoints Pankaj Jathar as CEO

Jathar has experience in consumer-focused businesses, spanning e-commerce, startups and D2C ventures. He will be responsible for capitalising on new opportunities through the integration of GenAI to drive innovation and growth, the company said in a statement.

Amazon announces expansion of its grocery service unit to over 130 cities

Amazon India announced on Tuesday that it is expanding Amazon Fresh, its comprehensive grocery service. This service includes both wet and dry groceries such as fruits, vegetables, chilled products, and a range of personal care items.

Amazon India’s largest seller Appario sold to Clicktech

Clicktech acquires Appario, Amazon's top seller, as Amazon divests stakes to comply with ecommerce norms. Appario becomes Clicktech's owned subsidiary, part of Amazon's strategy to expand product offerings on the marketplace.

Amazon India to revise seller fees from April 7

Amazon India adjusts fee structures on April 7, impacting various categories with revised fees tied to product prices. Changes encompass shipping, referrals, and tech costs, significant for revenue in the ecommerce sector.

Amazon India to revise seller fees from April 7

Prices may rise for beauty, personal care products as marketplace major revises charges for merchants

Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha

Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.

Amazon India rolls out Bazaar to sell low-cost, unbranded products

ET first reported on February 21 that Amazon was onboarding sellers to list unbranded products — including apparel, watches, shoes, jewellery and luggage — priced below Rs 600.

Amazon pumps Rs 1,660 crore into India marketplace entity

Amazon's biggest rivals in India, Flipkart and Meesho, are also raising fresh capital. Walmart-backed Flipkart received a cash infusion of about Rs 924 crore in two parts from its related entities based in Singapore in January. Meesho closed a $275 million funding round comprising a mix of primary and secondary share sales.

Meesho closes $275 million funding in first tranche, in talks for more

Meesho secures $275M funding in a $600M round. Share transfers hinted in SEC filing. In total, Meesho has raised $1.36 billion – including secondaries – since 2015.

Aparna Purohit quits Prime Video as head of originals

Purohit had joined Prime Video in January 2016 as head of creative development. She was elevated to head of India Originals in April 2019. In November 2022, her role was expanded to include Southeast Asia, apart from India.

Platforms see scorching summer sending ecommerce sales soaring

Early summer heatwave boosts online demand for cooling products, driving significant growth in ecommerce sales. The surge in appliance sales leads to concerns of supply shortage. Offline markets also witness substantial growth in cooling-related appliance sales.

Amazon India offers night shift work opportunities to women in Haryana centre

Amazon India has launched the Women in Night Shifts (WINS) initiative at one of its large sort centres in Haryana. This program aims to provide a safe and supportive work environment for women, ensuring equal opportunities for both men and women to work in various shifts, championing inclusivity, and advocating for equal work opportunities.

Flipkart Singapore parent infuses Rs 1,421 crore in marketplace arm

The new funding comes as the Bengaluru-based etailer presses ahead with plans to launch its quick-commerce service.

Best fridge covers under 500 for style and protection under your budget

The article highlights the top fridge covers under 500 available online for purchase. Each cover is carefully selected based on its quality, durability, and affordability, offering users an effective solution to protect their refrigerators without breaking the bank. From cotton to PVC materials, these covers come in various designs and colors to suit different preferences and kitchen aesthetics. Despite their budget-friendly price tags, these fridge covers boast features like dustproof, moisture proof, and stain-resistant properties.

Amazon India’s logistics unit sees revenue fall marginally to Rs 4,543 crore

Amazon Transportation Services' financial numbers are in line with a deceleration seen in Amazon’s other India businesses during the last fiscal, as the Seattle-based parent is pulling back on cash burn across the board.

Amazon India to use inland water transport to ship packages

With this partnership, Amazon India will utilise inland waterways for the transportation of cargo containers. A pilot run is planned on the Patna to Kolkata waterway, which according to Singh will begin in the next few days and be expanded as infrastructure develops.

Jeff Bezos sells roughly $2 billion of Amazon shares

Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year.

Amazon India sees strong festive sales growth in 2023

Amazon India has announced that its 2023 festive sale is the best in its 13 years of operations in the country, driven by strong demand. According to market research firm Redseer Strategy Consultants, online sales in India during this festive season are expected to grow by 18-20%, reaching INR 90,000 crore.

E-commerce is revolutionising the entrepreneurial landscape in tier 2 and 3 cities

There are many inspiring stories of start-ups and entrepreneurs who have successfully scaled up and transformed their businesses by embracing e-commerce.

Amazon's India journey

France fines Amazon $35 million for 'excessively intrusive' monitoring of warehouse staff

The French Data Protection Authority, also known by its acronym CNIL, said the system allowed managers at Amazon France Logistique to track employees so closely that it resulted in multiple breaches of the European Union's stringent privacy rules, called the General Data Protection Regulation.

Tech giants' digital ad revenue surges 16% to Rs 55,000 crore in FY23

Google and Meta, the top two platforms, reported combined ad revenues of Rs 46,348 crore in FY23, marking a 13% rise from Rs 41,115 crore in FY22. The figure topped ad revenues of the entire Indian TV broadcasting industry.

'SMBs to adopt streaming TV for marketing'

According to a FICCI-EY report, the digital ad spend by SMBs in India is expected to double from around '18,000 crore in 2022 to '36,000 crore in 5 years. In FY23, Amazon India grew ad revenue by 29% to '5,380 crore.

Exclusive: Top-deck shuffle at Amazon India; social media firms and anti-deepfake tools

Amazon has started significant top-level restructuring of its India management team under vice president and country head Manish Tiwary.

Amazon local revenues enough to fund India investments; on track for profitability: Amit Agarwal

Agarwal’s remarks follow Amazon’s commitment to raise its investments in India to $26 billion by 2030, announced by chief executive Andy Jassy after his meeting with Prime Minister Narendra Modi in June.

Ayurveda-focused D2C startup Nat Habit raises $10 million led by Bertelsmann

The company has previously raised about $7 million in total. From the current funding, about $2 million will be used for early-stage investor exits, in about 5X returns in four years. Its other past investors include Peak XV Partners, formerly Sequoia India and Southeast Asia.