Amazon’s Global Selling Program, an initiative under which it onboards Indian sellers to sell to global markets, aims to achieve $20 billion in cumulative exports by 2025. The company doubled its initial goal of $10 billion set for the same time frame. Amazon India has enabled merchants from India to...
Amazon Employs 100,000 in India
Senior vice president and Country Head of Amazon India, Amit Agarwal, said, "India is the second-largest technology hub for Amazon globally, with over one hundred thousand professionals across diverse areas from engineering, supply chain, content creation, marketing, video and others. It has some of the most talented software developers, product...
Amazon Announces Manufacturing Line in India
Via Foxconn-owned Cloud Network Technology, an India-based subsidiary of the Taiwanese electronics giant, Amazon is poised to commence manufacturing in Chennai, India. The Chennai line will be capable of producing hundreds of thousands of devices every year, starting with the Fire TV line of streaming devices. Amit Agarwal, Amazon’s global...
Belgian Beers Now Offered at India's Pubs
Belgium's Chimay, one of only 11 "Trappist" beers in the world, brewed by monks within the walls of an abbey, with profits going to charity, will be available in India. Its launch in the Indian market coincides with the Belgian royal couple King Philippe and Queen Mathilde visit to India...
Facing its Rivals' Merger, Amazon India Recommits
In an interview with MoneyControl over Amazon's India strategy to counter a possible merger between India's largest e-commerce company Flipkart, and its rival Snapdeal, Amazon's India chief Amit Agarwal said, "... no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So...
Startup BankBazaar Scores a $60 million Series C Led by Amazon
Virtual financial marketplace, BankBazaar, raised a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International reports Tech Crunch. With this investment, Amazon enters the online personal finance market. Located in Chennai in the southern state of...