Amazon India Boasts of 250 Percent Annual Growth in Sellers

Advertisement
By Press Trust of India | Updated: 18 June 2016 17:02 IST
US-based Amazon Friday said it has witnessed a 250 percent year-on-year growth in bringing new sellers on board as it looks to tap into the booming e-commerce market in India.

The company, which is making multi-billion dollar investments in India, has over 85,000 sellers on board.

"We started with 100 sellers three years ago and now we have over 85,000 sellers growing at 250 percent year-on-year and adding over 90,000 products a day," an Amazon India spokesperson said in an emailed statement.

Amazon, which competes with the likes of Flipkart and Snapdeal, has cut its commissions by 25-30 percent across categories like mobile phones, PCs, electronic devices and personal care appliances.

Advertisement

"We think these revised rates can significantly help sellers to perform even better and succeed in their business.

Advertisement

In addition, we continue to innovate and offer best in class services such as Fulfilment by Amazon, Easy Ship, Seller Flex, etc to help them with fulfilment/logistics so that they can focus on their business," the Amazon spokesperson said.

Flipkart, on the contrary, had recently increased its commissions across key segments and asked sellers to bear the costs of logistics in case of returns.

Advertisement

Recently, Amazon CEO Jeff Bezos had said the company will invest $3 billion in India. This is in addition to the American e-commerce giant's $2 billion infusion in 2014, taking its total investments to over $5 billion.

The funds will be channelled towards enhancing customer and seller experience, Amazon India managing director Amit Agarwal had told PTI.

Advertisement

"India is a key market for Amazon and we will work towards continuing to reduce operating costs for sellers backed by good logistics and fulfilment capabilities," he had added.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Amazon, Apps, Internet
Advertisement

Related Stories

Popular Mobile Brands
  1. Oppo Reno 15 Series to Launch in These Storage Variants, Colourways
  2. Vivo X300 Series India Launch Date Announced
  3. Tim Cook Could Be Replaced as Apple CEO By This Employee Next Year
  4. Vivo X300 Series Specs Confirmed, India-Exclusive Red Colour Teased
  5. Ubisoft Delays Earnings Release, Requests Trading of Its Shares Be Halted
  6. BSNL Silver Jubilee Prepaid Recharge Plan Offers These Benefits
  7. Poco Pad M1 Tipped to Come With These Specifications
  1. Tim Cook to Reportedly Step Down as Apple CEO in 2026; Successor to Be Announced After January
  2. Vivo X300 Series India Launch Date Announced: Here's What to Expect
  3. Redmi Note 15 Series India Launch Timeline Tipped; Redmi 15C Could Debut This Month
  4. Poco Pad M1 May Come With Snapdragon 7s Gen 4 Chip and 12,000mAh Battery; Price Tipped
  5. BSNL Announces Silver Jubilee Prepaid Recharge Plan With 2.5GB of Daily Data and More Benefits
  6. Blue Origin Joins SpaceX in Orbital Booster Reuse Era With New Glenn’s Successful Launch and Landing
  7. AI-Assisted Study Finds No Evidence of Liquid Water in Mars’ Seasonal Dark Streaks
  8. Bison OTT Release Date Reportedly Revealed Online: When and Where to Watch it Online?
  9. Kathleen Madigan: The Family Thread OTT Release Date: When and Where to Watch it Online?
  10. All Her Fault Now Streaming on OTT: Know Where to Watch it Online
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.