Articles
Amazon Leads In India ECommerce Market
by MarkJ Guillen CEO Jeff Bezos wrote a letter to prove that Amazon is leading the Indian online shopping market.Amazon is the reigning monarch of online American shopping. At this moment, no domestic, traditional, or online retailer can match it in the market. It is easily continuing its supremacy by offering features that others cannot keep up. The company has further expanded its business into various categories, which are helping it to prosper in the industry but its online retailing business stands out as the best whatsoever.
Amazon has expanded its global footprints in various parts of the world out of which India is one of them. Previously, an Indian startup named Flipkart was said to be the biggest Amazon-like online retailer in the region. However, according to sources, it is believed that the company has over taken the market leader of India as well. The founder and CEO of the company, Jeff Bezos, wrote a letter on Monday, which showed actual numbers proving that the company has come on top in India. It has gone way ahead of the competitors including Flipkart, Jabong, and Snapdeal, etc.
Amazon India was launched two and a half years ago and in such a short time and managed to sideline the local established businesses in the region. If the letter is actually written by Jeff Bezos, then its online marketplace is the most visited platform in the past two years. Jeff Bezos, for once, celebrated to be on top in the region as he not only posted a graph to show its web traffic in comparison with other competitors but the full letter was posted on Amazon India’s website as well as sent to all the customers on their emails. Mr. Bezos officially announced a discount of INR 200 (nearly $2) for the customers who wish to shop, however, the discount is valid for one day only.
According to a source, “This news comes on the heels of a recent report by Boston Consulting Group, the e-commerce industry in India is expected to touch $60-70 billion (roughly Rs. 399,360 crores - Rs. 465,920 crores) by 2019 from $17 billion in 2014.”
The online retail giant announced last year to invest heavily, nearly $2 billion (INR 13,312 crores), in an attempt to expand its business and operations in the region. It further stated that the company would keep on investing in India’s operations. Amazon realizes the significance of the Indian online shopping market and it is right there to capitalize one way or another.
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About MarkJ Guillen 
CEO
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