Amazon is experimenting with cycles to deliver last-mile orders. Orders under the radius of 3-5 km will be delivered through this mode. The delivery team would be provided with geared bikes to carry packages of up to 7.5 kg per trip.
In a recent company statement, Amazon claims to to be the largest marketplace in India in terms of products on offer. Amazon adds 50,000 products on the website everyday, the statement says. While the corresponding numbers for Flipkart and Snapdeal are unknown, it’s hard to say with authority if Amazon is indeed the biggest marketplace.
The biggest investor in Flipkart – Tiger Global Management – is reported to have picked up 2.44 million shares in Amazon, Flipkart’s biggest competitor. The move makes Amazon Tiger Global’s second-largest public holding company.
The festive season is in full swing, and Indian e-commerce giants are battling it out for a share of India’s online shopping pie. The 3 biggest players – Flipkart, Amazon and Snapdeal – are running simultaneous sales from 13th to 17th October, and marketing and promotions have been fierce.
Amit Bhawani wanted to solve a $100 billion problem that had been vexing business insiders, industry watchers and casual consumers alike. He wanted to get a handle on the e-commerce space in India and understand which of the two stalwarts, Amazon and Flipkart, was doing better. He chose a rather unconventional way to go about this. Instead of poring over balance sheets and decoding graphs with GMV figures, he went straight to the consumer – he set up www.FlipkartVsAmazon.com.
Amazon is moving to the streets and towns of India to convince businessmen to sell through its platform. And the Seattle-based company’s latest acquisition push for sellers has a distinctly Indian whiff to it – it’s trying to woo people with hot cups of chai.
With competition in the Indian ecommerce space intensifying, Flipkart has taken a big step towards consolidating its numero uno position by securing an investment of $700 million. It is the first time the company has raised money this year, and this deal values it at a whopping $15 billion.
After technical snarls, regulatory hiccups, and lots of naysaying, the future is finally here. The first-ever US Government approved drone delivery has finally taken place. In partnership with NASA and with approval from the Federal Aviation Authority, an Australian drone has delivered a consignment of 4.5 kg of medical supplies to a rural health clinic in Virginia.
Close on the heels of Google announcing that it would set up its 2nd largest campus worldwide in Hyderabad, Amazon today announced that it will set up its biggest non US campus in the city. The Telangana government has allotted 10 acres to the retail giant in Nanakramguda locality, and construction is expected to start soon.