Amazon recently observed a 250 per cent year-on-year growth in inviting new sellers on board as it looks to creating a niche in the booming ecommerce market in India. The company, which is making multi-billion dollar investments in India, has over 85,000 sellers on board.
According to Amazon India spokesperson, the company started with 100 sellers three years ago and at present has over 85,000 sellers growing at 250 per cent year-on-year and adding over 90,000 products a day.
Amazon, which competes with the likes of Flipkart and Snapdeal, has cut its commissions by 25-30 per cent across categories like mobile phones, PCs, electronic devices and personal care appliances.
Amazon India spokesperson said that the company thinks the revised rates can significantly help sellers to perform even better and succeed in their business. In addition, the company continues to innovate and offer best in class services such as Fulfilment by Amazon, Easy Ship, Seller Flex, etc to help sellers with fulfilment/logistics, so that they can focus on their business.
Flipkart, on the contrary, had recently increased its commissions across key segments and asked sellers to bear the costs of logistics in case of returns.
Recently, Amazon CEO Jeff Bezos had said that the company will invest USD 3 billion in India. This is in addition to the American e-commerce giant's $2 billion infusion in 2014, taking its total investments to over USD 5 billion.
According to Amazon India Managing Director Amit Agarwal, the funds will be channeliseed towards enhancing customer and seller experience,
Adding further, he said that India is a key market for Amazon and the comapny will work towards continuing to reduce operating costs for sellers backed by good logistics and fulfilment capabilities.