Amazon counting on Diwali to take title as India's top Web retailer
It targets dormant shoppers and first-time buyers; major rivals Flipkart and Snapdeal face critical test this year
Bengaluru
WHEN Jeff Bezos donned a bandhgala jacket two years ago and posed for photographs in India, he wasn't just promoting Amazon.com Inc's year-old business in the country. The Web retailer's chief executive officer was also putting his reputation on the line to break into the emerging e-commerce market.
Now, with 80 million products for sale, 120,000-plus merchants and more than two dozen warehouses, Mr Bezos's protégé Amit Agarwal is aiming to make Amazon the country's top online store by sales ahead of the Diwali shopping season.
Known as the "festival of lights", the run-up to the celebration is India's biggest retail event, when consumers buy everything fr…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
China bubble-tea chain Chabaidao plunges on Hong Kong debut
Japan’s 7-Eleven convenience chain targets aggressive global growth
Parental fury after stem cell bank ruins thousands of samples in Singapore
China’s bubble tea boom creates a half-dozen billionaires
US sues to block Coach owner’s US$8.5 billion buyout of Versace parent