US-primarily based Amazon Friday stated it has witnessed a 250 percentage 12 months-on-yr boom in bringing new sellers on board as it looks to faucet into the booming e-trade market in India.
The company, that is making multi-billion greenback investments in India, has over eighty five,000 dealers on board.
“We began with 100 dealers 3 years in the past and now we’ve over 85,000 sellers developing at 250 percent yr-on-yr and including over ninety,000 products a day,” an Amazon India spokesperson said in an emailed announcement.
Amazon, which competes with the likes of Flipkart and Snapdeal, has cut its commissions via 25-30 percent across categories like mobile telephones, pcs, digital devices and personal care home equipment.
“We think these revised fees can extensively assist sellers to perform even higher and succeed in their business.
similarly, we retain to innovate and offer best in elegance services along with Fulfilment with the aid of Amazon, easy deliver, supplier Flex, and so forth to help them with fulfilment/logistics so that it will recognition on their enterprise,” the Amazon spokesperson said.
Flipkart, on the contrary, had currently increased its commissions throughout key segments and asked dealers to endure the prices of logistics in case of returns.
recently, Amazon CEO Jeff Bezos had said the agency will make investments $three billion in India. that is in addition to the american e-commerce giant’s $2 billion infusion in 2014, taking its overall investments to over $five billion.
The budget will be channelled toward improving customer and supplier experience, Amazon India handling director Amit Agarwal had told PTI.