Exclusive: Amazon elevates India head Amit Agarwal

For-Amazon-Amit-Agarwal-Story-TC_ThinkstockPhotos-1809439971US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building the India business organically despite the presence of […]

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Amazon plans to launch brick-and-mortar food outlets in India

Amazon005Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times reported that Amazon wants to enter the food space in […]

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‘Large’ India investment weighs on Amazon Inc’s bottom line

ThinkstockPhotos-103581829_feUS-based Amazon Inc’s loss from international business widened to $487 million for the quarter ended 31 December 2016 compared to $108 million in the same period in 2015, as heavy investments in India, and aggressive spend on digital content and setting up warehouses weighed on the bottom line. During the earnings call, Amazon’s chief financial […]

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Flipkart, Amazon drop $1 bn Souq acquisition bid: Report

Snapdeal_flipkat_amazonUS-based Amazon.com Inc and Indian online retailer Flipkart have dropped a bid to acquire Middle East-based horizontal e-commerce venture Souq.com due to a disagreement over price, Bloomberg reported on Wednesday. Souq.com has now reached out to Dubai-based mall company Majid Al Futtaim, the report said, citing two people aware of the development. Amazon had started […]

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You can now sell used goods on Amazon India

Amazone_shah_feAmazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of used books in August 2016. The move is seen as an attempt to […]

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You can now sell used goods on Amazon India

Amazone_shah_feAmazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of used books in August 2016. The move is seen as an attempt to […]

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Amazon to go all out in 2017, up India investments

Amit_AgarwalAmazon is planning to ramp up its investment in India in the new year as it continues to take on home-grown e-commerce players Flipkart and Snapdeal. Amit Agarwal, Amazon’s India chief, in an interview with The Economic Times said the firm “will demonstrate massive scale in 2017,” investing heavily in technology, infrastructure and innovation. On […]

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Amazon injects $296 mn more into India unit

For-Amazon-Story_pexels-photo_AUS-based Amazon.com Inc has invested Rs 2,010 crore ($296 million) more in its India unit as it intensifies competition with local rival Flipkart, a media report said on Tuesday. The investment was made last month and is the largest capital infusion into Amazon Seller Services Pvt Ltd so far, The Economic Times reported citing Indian […]

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Amazon claims first successful drone delivery in just 13 minutes

Amazon-by-Shah-Junaid-(2)1Amazon completed its first successful drone delivery last week in Cambridge in flat 13 minutes of placing the order. The delivery was made as part of the beta testing for Amazon’s Prime Air service that claims to deliver packages up to five pounds (2.6 kg) in 30 minutes or less using small drones. Amazon CEO […]

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Amazon rolls out Launchpad to support startups in India

Amazon_shah_feUS-based Amazon Inc’s India subsidiary on Monday announced that it will be launching its global programme for startups Amazon Launchpad here. Under this programme, Indian startups can market their products to Amazon customers across the country and the world through an e-store, the company said in a statement. For this, Amazon has tied up with […]

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