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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Amazon expands grocery delivery service in India to 14 cities

Amazon005The Indian unit of Amazon.com Inc has increased the number of cities where it delivers grocery and household items to 14, the company said on its website. The service, Amazon Pantry, was earlier only available in Hyderabad when it was launched as a pilot last July. An Amazon spokesperson confirmed to Techcircle that Amazon Pantry […]

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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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Flipkart CEO says Amazon can’t win e-commerce battle with capital

Binny BansalFlipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch rival Amazon which is pouring money into India to […]

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Flipkart loss widens in FY16, revenue jumps 50%

For-Flipkart-Loss-Story_ThinkstockPhotos-103581829Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, reported a wider loss for 2015-16 as it spent more to hold off growing competition from the local unit of Amazon.com Inc. The company posted a net loss of Rs 5,768.8 crore for the year through March 2016, up 86% from a year […]

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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 offers better customer experience than Flipkart: Forrester report

Amazon-FlipkartThe Indian arm of the US-based online retailer Amazon has been able to offer better customer experience (CX) than its home-grown rival Flipkart in the Indian market where the two ecommerce marketplaces have long been engaged in an intense battle for supremacy, according to a report by Forrester. According to Forrester’s India Customer Experience Index […]

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Amazon plans Singapore launch in early 2017

American online retail giant Amazon.com Inc. is reportedly trying to establish its presence in Singapore, in what could be a step towards tapping the Southeast Asian market. “Amazon is covertly acquiring assets, including refrigerated trucks, and making new hires as part of an initiative led by head of ASEAN Steve Scrive,” TechCrunch reported quoting unnamed […]

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Amazon eyes advantage over Flipkart with ‘Global Store’ launch in India

Amazon005In what could give a huge boost to Amazon India’s efforts to gain dominance in the Indian e-commerce market, the US-based e-tailer has launched its ‘Global Store’ here that will give Indian customers direct access to over 4 million global products. With the launch of the Global store, Amazon.in—run by Seattle headquartered Amazon.com Inc.—now becomes […]

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