Ease of Doing Business for MSMEs: As Amazon along with Walmart-personal Flipkart and other e-commerce corporations stare at tougher e-commerce guidelines ahead, the US-headquartered e-commerce firm in India witnessed its Prime Day this year as the largest ever sale occasion for its compact and medium small business (SMB) sellers in the nation. Amazon mentioned 1,26,003 SMB sellers like artisans, weavers, ladies entrepreneurs, startups and brands, and nearby offline neighbourhood shops participated in more than two weeks of lead up and 48 hours (July 26-27) of Prime Day. The firm added that 1,230 sellers saw their highest-ever single day sales even though practically 25 per cent more sellers’ grossed sales more than Rs 1 crore as compared to last year’s Prime Day.
“Prime members shopped from more than 126,000 SMBs and stores from across over 6,800 pin codes, making it the biggest ever sales for SMBs on Amazon.in. We are also excited that the month leading up to Prime Day became Prime Video’s best ever viewership period, firmly establishing that India loves free, fast shipping, exclusive shopping and digital benefits that Prime offers,” mentioned Akshay Sahi, Director – Prime and Fulfillment Experience, Amazon India in a statement. The firm added over 70 per cent of new Prime members shopped from outdoors of the leading 10 cities like towns like Ananthnag (Jammu & Kashmir), Bokaro (Jharkhand), Tawang (Arunachal Pradesh), Mokokchung (Nagaland), Hoshiapur (Punjab), Nilgiris (Tamil Nadu), Gadag (Karnataka) and Kasargod (Kerala).
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Amazon Seller Services – the marketplace arm of the firm had reported a 42 per cent jump in its income and a 3 per cent improve in losses for the economic year (FY) 2019-20 from the preceding FY2018-19. The income for Amazon stood at Rs 11,028 crore, up from Rs 7,777 crore in FY19 even though net loss improved from Rs 5,685 crore in FY19 to Rs 5,849 crore in FY20. According to a Reuters report, Amazon.com on Wednesday had filed an appeal with India’s Supreme Court against Karnataka High Court order that permitted an antitrust probe against the firm and Flipkart as nicely to continue even as Flipkart had also appealed to the apex court against the Karnataka HC’s order on the identical probe.