The seller needs to have a business history of at least four to six months on the Amazon platform to avail a loan
If things fall in place, then a deal with a major offline retailer might happen by the end of this year, according to a source
With the new centres, the company will be able to retain the position as India's largest warehousing space provider
Prime loyalty programme saw its fastest growth in India compared to any of the other geographies where the company has taken it
With this additional fulfilment capacity, the company will be able to extend its geographical coverage of orders for large electronic appliances and furniture to 400 cities from 150 cities last year
Private labels are the products manufactured by third-party manufacturers for the brand
Myntra also plans to launch its in-house beauty and personal care labels this year
Service partner stations have also hired additional seasonal associates to enable faster deliveries during the sale, says Amazon India Vice President (Customer Fulfilment) Akhil Saxena
Flipkart claims it continues to be the market leader
The investments bring the total amount pumped into Amazon's Seller Services arm so far to Rs 17,839 crore
The company also witnessed a surge of 86% in the number of new customers from smaller towns
Amazon India might in the next one year be the occupier of more than 30 million square feet of real estate in India. At present, it has taken up close to 17 million square feet of space for its offices, data centres and fulfillment centres. The company, however, is tight lipped on its expansion. "As policy, we do not comment on future plans. However, as India's largest and fastest-growing e-commerce player, and with a long-term commitment to make e-commerce a habit for Indian customers, we continue to invest in the necessary technology and infrastructure to grow the entire ecosystem," the company said in a statement. According to experts, the company is going to follow a mixed model of real estate ownership, which would include taking some space on lease and buying in other cases. Insiders believe Amazon could soon be at par with some of the biggest software companies in India in terms of real estate take up. Experts believe that the next phase of expansion would come from taking ...
160 exclusive phone model tie-ups till date
These will be mostly in tier-II and tier-III towns
In the run-up to online e-commerce major Amazon India opening fully-owned traditional stores to sell food products, the company has been experimenting in taking its different verticals offline. Mostly by allowing people to look at the products they want to buy and then order it online at those kiosks itself.According to Arun Srinivasan, its category leader for consumer electronics, the company has started a project in Bengaluru and set up an 'experience centre' in the stores of partner telecom entity Vodafone. "People can look at the phones, see how these function and order it there itself; it would be delivered at their doorstep. We are seeing how it goes before taking it to other stores. This also requires talking and coordinating with different partners such as telecom firms and mobile phone companies," he said.In June, the fashion arm of Amazon India went offline to promote its 'end of season fashion sale'. Amazon Fashion got into a number of tie-ups with major chains, including ..
As yet, 140 handset models have been launched on its platform exclusively
Pact will help promote popular handloom products & engage with weavers, artisans to boost business
The 4-days sale will start on August 9 and is valid till August 12
Larger expansion will happen during Diwali, when sales of Amazon would be higher in volume
Funding comes close to another investment of Rs 1,680 cr that Amazon made in Indian online business