Amazon India has witnessed an 80 per cent increase in its seller base to 2.7 lakh and the majority (50 per cent) of the merchants are from Tier II cities and beyond, revealed the company’s India Director and GM (Seller Services), Gopal Pillai.
“Our seller base increased from 1.5 lakh in January to 2.7 lakh at present. We expect the same growth momentum in 2018 as well,” added Pillai. The company claims to have added 70,000 sellers between January and September.
The e-commerce mammoth is reportedly also gearing up to increase its investment by twofold on its seller app, which has already seen over a million downloads, next year. The app is essential for those who are interested to become a seller on the Amazon’s e-retail platform.
Around 27,000 of Amazon’s sellers have access to retail their products across the globe.
Despite fears that GST (Goods and Services Tax) might have a negative impact on small retail businesses, the company noted more additions to the seller base post-GST than pre-GST era, informed Pillai. “We have been adding 3,000 sellers every week post the execution of the new tax regime,” he told a leading business news portal.
Reportedly, Amazon Seller Services recorded a turnover of Rs. 3,128 crores (approx.) during the financial year ended March 2017 as against Rs. 2,217 crores in the preceding fiscal.
Amazon also has a wide delivery network in the country. As per the data available, the company has tie-ups with over 17,500 shopkeepers in 225 Indian cities under ‘IHS (I Have Space) Programme’ who delivers around 40 orders a day.
