OLX India CEO is not worried about Amazon’s Jeff Bezos
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In case you didn’t know, Amazon has entered India’s used goods business, indirectly. The Seattle-based e-commerce firm’s India-subsidiary Fun fact,
“It’s not Amazon firstly, it’s the Junglee brand. Also, Amazon doesn’t do this in any other market in the world. We run in over 40 countries. Tell me, should I be scared?”
“You shouldn’t take that brand lightly. However, unless Amazon decides to put significant investment, I don’t see any traction”, Batra added.
Peer-to-peer commerce is undoubtedly a bold bet for Amazon. The new development brings Junglee directly in competition with the likes of Olx, Quikr and
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When asked if he’s worried about Jeff’s money-power, Batra smiles, “OLX has been the most successful e-commerce website in the used goods space. Amazon have actually taken the playbook of OLX and used it amazingly well for their brand.”
In Amazon’s current business model, the e-commerce giant will be offering pick-up, packing and delivery services for the used goods at the consumer's doorstep. The e-commerce giant will then charge a commission once the transaction is complete. Currently, users can list their ads for free.
The OLX CEO is quick to add there’s no love lost for the Amazon founder. “You shouldn’t trivialize
Mind, Amazon has make it clear that unlike platforms like Droom or Credr, it does not hold any responsibility in case of any grievances between the individual seller and buyer over these used goods. Quikr, too, has a similar end-to-end service called Quikr Doorstep which is available across 25 cities.
Used-goods marketplace segment leader Olx India is yet to offer logistics.“There are 20 other things you can do on a platform. We follow the customer-first approach, rather than think of a problem and do some massive attempt on that”, Batra said.
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