Technology for MSMEs: Amazon India’s hyperlocal programme for offline retailers and neighbourhood retailers to cater to nearby shoppers has scaled to more than 50,000 sellers from 450 cities in much less than one year of launch, according to a firm statement on Sunday. Launched in April 2020, Local Shops on Amazon had more than 20,000 sellers participating in Amazon.in’s Great Indian Festival hosted in October 2020. Amazon mentioned that the programme supplements the current footfalls at sellers’ offline retailers with a digital presence. The programme enables on-line solution discovery for shoppers from shops in their vicinity.
“It underlines how digital enablement and digital inclusion can help them scale and contribute to a digital economy. We remain committed to work closely with the millions of MSMEs including the vast network of neighbourhood stores across the country as part of our focus on transforming the way India buys and sells,” mentioned Manish Tiwary, VP, Amazon India. The micro sellers promoting below the Local Shops on Amazon belonged to metros apart from Tier-II and III cities such as Sangli, Osmanabad, Jamnagar, Gorakhpur, Jabalpur, Ratlam, Bikaner, Tumkur, Jalpaiguri and so on. The sellers presented solutions such as flowers, property and kitchen solutions, furnishings, electronics, books, toys and so on.
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Amazon had also announced earlier this week a collaboration with UN Women to launch a specific storefront on its marketplace ahead of International Women’s Day on March 8, 2021, for solutions produced offered by females-owned corporations. The firm mentioned that more than 450 females-led corporations and more than 280,000 females entrepreneurs and artisans from Amazon Saheli are most likely to be benefited from the launch of the storefront.
Amazon had reported a 42 per cent jump in income and a 3 per cent enhance in losses for the monetary year 2019-20 from the preceding FY2018-19 for its marketplace arm Amazon Seller Services in India. The income for Amazon, which mostly competes with Walmart-owned Flipkart apart from Alibaba and SoftBank backed Paytm Mall, Snapdeal, and vertical marketplaces such as BigBasket, Grofers, and JioMart in grocery and Myntra in the style segment, stood at Rs 11,028 crore, up from Rs 7,777 crore in FY19. The net loss improved from Rs 5,685 crore in FY19 to Rs 5,849 crore in FY20.