Skip to main content

Amazon India Celebrates Fifth Anniversary by Giving Cashback; CEO Jeff Bezos Says Humbled by Opportunities Ahead

  • Amazon is celebrating its fifth anniversary in India
  • The company is giving a cashback worth Rs. 250
  • CEO Jeff Bezos posted a letter addressing Indian customers
Celebrating its fifth anniversary in India, Amazon is giving Amazon Pay cashback worth Rs. 250 to customers spending Rs. 1,000 or more on its online marketplace. CEO Jeff Bezos posted a letter on the Amazon India site to announce the new offer. The Seattle, Washington-based company launched the online marketplace in the country back in June 2013. After the initial success of the online marketplace, the company brought the Amazon Prime paid subscription service, Amazon Prime Video, Alexa voice assistant, and Amazon Music. The arch-rival of Walmart-backed Flipkart is reported to have a valuation of $16 billion (nearly Rs. 1,07,000 crores) with a market share of 30 percent - identical to the share owned by the homegrown e-commerce company.
Amazon India is giving the Rs. 250 cashback through Amazon Pay on spending Rs. 1,000 or more using any digital payment method. The cashback amount will notably be credited within three days of order shipping, and the offer is valid once per customer.
"On our fifth anniversary in India, I want to say thank you for your support and for making Amazon.in the most visited shopping site in India for the last two years," Bezos said in the letter addressing Amazon India customers. "The progress is energising. Customers from 100 percent of serviceable pin codes in India have placed orders on Amazon, thanks to local innovations such as Udaan and I Have Space. Hundreds of thousands of Indian businesses now sell on Amazon.in," he added.
Amazon India currently ships orders through 50 fulfilment centres in 13 states across the country, Bezos revealed. Earlier this year, the company also started focusing on groceries and household products that are projected to account for over half of its business in the country in the next five years.
Apart from the e-commerce business, Bezos' letter shed some light on the growth of Alexa in the country that debuted late last year. The executive stated that the voice assistant, which is competing against Google Assistant and Apple's Siri, already offers more than 15,000 skills and features and is supported by tens of thousands of third-party developers who are expanding its capabilities for Indian users. The voice assistant comes preloaded with Amazon Echo speaker lineup that was launched back in October last year.
Bezos also highlighted the growth of Kindle Book Store in the country that presently offers ebooks in five Indian languages, including Hindi, Gujarati, Marathi, Malayalam, and Tamil. He additionally mentioned that Amazon is working with top Indian talent to bring various new Prime Original content to the country.
"We're five years into our journey, but as we say here at Amazon, it's still Day 1, and I'm energised and humbled by the opportunities ahead. Amazon.in is 'India ki apni dukaan'," he said.
The latest development comes days after Walmart formally announced the acquisition of 77 percent stake in Flipkart by paying $16 billion (around Rs. 1,07,000 crores). Last month, a report by Citi Research forecasted that Amazon India will reach gross merchandise volume (GMV) of $70 billion (approximately Rs. 4,70,000 crores) and touch $11 billion (around Rs. 74,000 crores) in revenue in 2027.

Comments

Popular posts from this blog

Major shift in smartphone market, OnePlus overtakes Apple to become the top choice for premium users

A comprehensive survey across six metro cities of India by CMR Mobile Industry Consumer Insight (MICI) has provided an interesting profile of changing consumer preference and interests when it comes to premium smartphone brands. A Aomprehensive survey across six metro cities of India by CMR Mobile Industry Consumer Insight (MICI) has provided an interesting profile of changing consumer preference and interests when it comes to premium smartphone brands. In the latest survey conducted in New Delhi, Mumbai, Pune, Hyderabad, and Chennai across different sections society viz., students, professionals and teens – it has been stated that consumers are now looking at premium smartphone brands as an ‘extension of their lifestyle’ or something that ‘make them feel more powerful’. In a more interesting revelation, it has pointed out that OnePlus has emerged as the top choice of smartphones in the Indian market, overtaking Apple’s iPhone and Samsung. In the survey conducted, 59% of the pa...

Xiaomi Mi Play Launch Set for Today, How to Watch Live Stream

HIGHLIGHTS Xiaomi Mi Play said to come with 10GB of free data a month Xiaomi has so far teased the Mi Play's design The Xiaomi Mi Play may be powered by a 2,900mAh battery Xiaomi Mi Play is all set to be launched in China today. The smartphone has thus far been teased showing its front and rear designs, which include a waterdrop-style display notch, a dual rear camera setup, and a gradient finish. Apart from the teasers, the new Xiaomi handset has been leaked several times as well, tipping a few specifications. The company will be live streaming the Xiaomi Mi Play launch event, and we have all those details for you here. Do stay tuned to Gadgets 360 for our coverage of the Xiaomi Mi Play launch. Xiaomi Mi Play launch live stream The Xiaomi Mi Play launch will be  live streamed  on the  company site , and it can also be caught on such sites as Youkou. The launch starts at 2pm CST (11:30am IST), and you can catch all the launch details ri...

How to book Indian Railways tickets on new IRCTC website; Explained in 8 easy steps

Recently, the e-ticketing arm of Indian Railways i.e., Indian Railway Catering and Tourism Corporation (IRCTC) modernized its official website. Now, a new version of the official website, in its beta form, is available for passengers to try. June 4, 2018 12:38 PM The revamped IRCTC website boasts of several passenger-friendly measures, the coolest of which is the latest software that predicts the chances of your waitlisted ticket getting confirmed. New IRCTC next-generation e-ticketing website: Recently, the e-ticketing arm of Indian Railways i.e., Indian Railway Catering and Tourism Corporation (IRCTC) modernized its official website. Now, a new version of the official website, in its beta form, is available for passengers to try. The revamped IRCTC website boasts of several passenger-friendly measures, the coolest of which is the latest software that predicts the chances of your waitlisted ticket getting confirmed. While other railway portals already offer a simi...