Amazon Business – 98% increase in the revenue from Ahmedabad
Amazon India also announces the dates for the much-awaited ‘Amazon Great Indian Festival’, starting 8th October 2023, with 24 hours Prime early access for Prime members.
Ahmedabad, Launched in September 2017, Amazon Business completes six years of empowering business customers in India this year, helping them with seamless and efficient e-procurement. Since its inception, Amazon Business has aimed to transform the way businesses buy and sell online.
With more than 19cr GST products across 10 lakhs+ sellers, Amazon Business, today, caters to 99.5% pin codes across the country and has created a one-stop destination for all business buying needs with features to support request for quote on bulk orders, shipping across multiple addresses, and more. All of this can be done on the go on Amazon Business’ iOS and Android optimized mobile app.
Commenting on this milestone and development, Suchit Subhas, Director, Amazon Business said, “We are grateful for the support we have received from our customers and selling partners in the past six years of our operations in India. Since inception, we have always aimed to bring together the largest assortment of GST enabled selection with competitive
& transparent pricing, widest delivery coverage and innovations in digital procurement to make buying simple and efficient for businesses. Keeping our customers at the forefront, we are happy to introduce Amazon Pay Later to provide them access to credit, thereby ensuring greater affordability for them.”
To commemorate six years of operations in India, Amazon Business announced its integration with Amazon Pay Later to provide virtual credit to eligible business customers. The Government of India’s aim to revamp the Credit Guarantee Scheme for MSME sector during the Budget 2023-24 highlighted the need for credit availability for MSMEs to scale their operations. This integration with Amazon Pay Later to offer virtual credit to eligible customers will play a crucial role in scaling credit availability to MSMEs while ensuring a hassle-free payment experience.
With Amazon Pay Later, business customers will be able to digitally sign up and get access to instant credit, thereby making seamless purchases on products across categories. In addition to an uninterrupted payment experience, they will also be able to use this credit to make bill payments on Amazon.in, buy Amazon Pay corporate gift cards, travel, insurance and much more.
The initiative is aimed to help customers extend their monthly budgets for bulk purchases of products ranging from daily essentials, electronics, to corporate gifts for their businesses. The credit utilized can be repaid in the subsequent month at no additional fees, or through easy EMIs up to 12 months at nominal interest rates with no hidden charges involved.
Launch of virtual credit via Amazon Pay Later comes at an opportune time as Amazon will go live with the much-awaited ‘Amazon Great Indian Festival’, starting from 8th October 2023, with 24 hours Prime early access for Prime members. Customers can enjoy never-seen-before deals on the widest selection of products for customers, at great value and with the convenience of fast and reliable delivery. Business customers can also avail additional cashback up to INR 7500 on large orders.
