Amazon.in, the e-commerce giant, this week claimed that it has reached the seller base of 3 Lakh in less than 5 Years since the company’s processes in India. Out of this, 1 Lakh new vendors were added in 7 Months. Amazon, which is INVOLVED in a strong WAR with home-based competitor Flipkart, has been forcefully increasing up its processes in the nation. It has invested billions of dollars to make stronger its customer and seller base as well as for making of infrastructure.
Gopal Pillai, Director and GM of Amazon India for Seller Services, claimed that the sharp increment in the seller base was credited to different India-first initiatives that have motivated participation of seller all over the nation, particularly from tier III and tier II towns. In the past 1 Year, Amazon.in has extended its network of service providers and 3rd-party affiliates to make sure that vendors from smaller towns and non-metros get simple access and needed support to manage and start their online business, he claimed.
Apart from this, the firm has joined hands with different government agencies to give power to local weavers, artisans, and craftsmen all over the nation to expand their business and embrace online selling. Amazon has always considered in operating with seller and have been continually innovating to deal with hurdles that are exclusive to sellers of India, Pillai claimed. “Via India-first ideas such as Seller Flex and Easy Ship, in addition to our gold standard service of generating online abilities via SPN and increasing the bionetwork, we have been aimed on our dream of changing the way the country sells and buys,” he claimed.
In a latest investor call, Senior VP and CFO of Amazon, Brian Olsavsky, had claimed that India carries on to be a “good tale” for the U.S. e-tailing behemoth even as its losses from its global processes broadened to USD 919 Million for the quarter of December.
Amazon has invested billions into its operations for India. Amazon Seller Services, one of its units in India, single-handedly has got more than Rs 8,000 Crore (almost USD 1.28 Billion) during fiscal year 2017–2018 from the U.S. parent company, as per papers filed with the ministry of corporate affairs of India. Jeff Bezos, the Amazon founder, has pledged investments of more than USD 5 Billion for the market of India. Investments have also been executed in India in other Amazon bodies, comprising its wholesale business as well as Amazon Pay.