Amazon claims bumper festive season sales this year, hints at more investments in India
Advertisement
Advertisement
In this backdrop, the bumper festive sales has made Amazon India more confident about its resolve to keep investing in India aggressively.
"We have already committed at least $5 billion (to the India business) and that's just the beginning... This is very early for ecommerce in India," Amazon India country head Amit Agarwal told ET.
Despite its loss, Amazon India top selling products and services were in categories such as consumer electronics, fashion and consumables, as well as membership to the Prime service. The appliances category grew 11 times, whereas luxury and beauty segment saw a whopping 46-fold increase.
The company reported selling more than 15 million units in the first phase of its Great Indian Sale (October 1-5), a three-fold increase over its five-day sales event last year. Rival company
Advertisement
Amazon had reported a loss of $541 million in its international business for the quarter ended September, most of it because it was trying to grab as many as customers to maintain its second spot and close in the gap with Flipkart.
(image:indiatimes)
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market