For its online wholesale market, Amazon Business, the company said 55 percent of orders came from the Tier-II and Tier-III markets. (Photo: Pexels.com)

Ease of doing business for MSMEs: Amazon India, which has about 8.5 sellers in its market, said on Sunday that nearly 30,000 sellers became ‘lakhpatis’ during the nearly month-long Great Indian Festival sale period that started on October 3 for all customers. Moreover, Amazon said in the framework of local stores on the Amazon program, where a physical store, retail store or owner of Kirana store can sell to local customers through Amazon, 330 sellers have turned into “lakhpatis” while 12 of them have become “krebatis.” The company said that local store sellers on Amazon posted a double-digit rise in merchandise sold from last year. Amazon and Walmart’s Flipkart each year top e-commerce sales during the holiday season with their flagship events for customers to offer deep discounts on products across categories.

“We are really humbled to see how this festive season has brought joy to a large number of sellers on Amazon.in as many of them have become lakhpatis and crorepatis. We have also seen great participation from over 360 thousand of Amazon India’s Vice President Manish Tiwari said in a statement. MSME buyers on Amazon Business this festive season.”

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For the online B2B wholesale market Amazon Business, the company said 55 percent of orders came from the Tier-II and Tier-III markets while an increase of more than 46 percent was recorded in new MSMEs that set up a business account with Amazon Business. While Selling For – In 2020. More than 15,000 products were purchased by business customers from specially curated stores such as corporate gift, work from home, and back-to-work stores.

Most importantly, according to data — based on sales of e-commerce marketplaces from October 2 to October 10 — that management consulting firm RedSeer compiled in its celebratory e-commerce sales report, Flipkart Group was declared a ‘leader’ with 64 percent followed by a share of GMV by 28 percent, and 8 percent by other platforms. The 23 percent growth at GMV this year has been led by key topics including the return of fashion sales, while the mobile phone category commanded 46 percent of GMV’s share. Purchases from second tier cities dominated sale by about 61 percent of shoppers followed by about 22 percent from metro, and about 17 percent from first tier cities.

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