Amazon at the moment has more than 7 lakh sellers on its India marketplace.
Ease of Doing Business for MSMEs: Jeff Bezos’ e-commerce small business in India, which launched its annual report on Sunday detailing development of its smaller and medium-sized sellers on the marketplace in 2020, mentioned that 4,152 sellers surpassed Rs 1 crore in sales even though the quantity of ‘crorepati’ sellers grew 29 per cent year-on-year (YoY). Among other essential seller-side achievements reported by the firm for the duration of the Covid year integrated 1.5 lakh new sellers joining Amazon in 2020 with more than 50,000 registering in Hindi and Tamil, Amazon Business marketplace increasing 85 per cent YOY in sales, more than 70,000 exporters on Amazon Global Selling crossing $2 billion in cumulative e-commerce exports, more than 1 lakh developers from India developing for Alexa globally and so on.
“Technology adoption and digitization will continue to play a crucial role in offering expanded access and opportunities to SMBs, and we remain committed to invest and partner in their success,” mentioned Amit Agarwal, Senior VP and Country Head – Amazon India in a statement. The firm claimed to be working with more than 10 lakh smaller and medium enterprises such as sellers, delivery and logistics partners, neighbourhood shops, enterprises, developers, content creators and authors in India. Amazon at the moment has more than 7 lakh sellers on its marketplace.
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Women entrepreneurs promoting below the Saheli system reported almost 15X development in their companies even though weavers and artisans as aspect of the Karigar programme saw their companies develop by 2.8X, the report mentioned. Amazon also disclosed the top rated 10 states and union territories with the most quantity of sellers. Delhi had the highest sellers at more than 1.1 lakh followed by 87,000 in Maharashtra and 79,000 in Gujarat.
However, Amazon was pipped by arch-rival Walmart-owned Flipkart for the duration of the festive season sales this year. According to a Redseer report in November analysing the festive period of mid-October to mid-November 2020, Flipkart had acquired about 66 per cent share of the general gross merchandise worth (GMV) worth $8.3 billion even though Amazon settled with a 34 per cent share. The festive month saw general on-line sales up 65 per cent from the year-ago sales worth $5 billion even though the two e-commerce corporations had raked in almost 90 per cent of the $8.3 billion GMV.