CUSTOMISED PLAYBOOK
BW Businessworld|21 October 2023
As Amazon marks the decadal milestone of India ops, the ecommerce giant is refining its A-game to face newer challenges in this significant global growth market
Noor Fathima Warsia
CUSTOMISED PLAYBOOK

MORE THAN 9.5 crore people visited within the first 48 hours of Amazon's Great Indian Festival 2023, marking its highest-ever comparable number in the last 10 years. Over 80 per cent of these came from non-metros. The numbers reveal much of what comprises Amazon's current attributes and growth in India.

The year 2023 cannot be said to be a good start for big tech per se, including the ecommerce sector. Amazon was not exempt from this and India was among the markets where the company had to take steps such as layoffs amid cost control. As the year comes to a close, courtesy of several factors including India’s growth opportunities and Amazon’s early pivot to different verticals and growth avenues, the company has been able to turn the tide and continue its growth trajectory.

“We say at Amazon that it is still day one for us, which is an important way to ensure we continue our customer focus. In India, I would say it is still day zero,” states Manish Tiwary, Vice President & Country Manager - Consumer Business, Amazon India.

The India Game Face

Like most of its peers, Amazon has customised its playbook for India. “India is a large, growing market but we must keep innovating. We recognise that there is no single way to approach the next 500 million. There will be multiple efforts – be it languages, shopping experience, delivery speeds or even social commerce,” Tiwary explains. Much of this forms part of Amazon’s India strategy and contributes to the company’s massive growth from 100 to over 12 lakh sellers, covering a wide footprint of the country.

This story is from the 21 October 2023 edition of BW Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the 21 October 2023 edition of BW Businessworld.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BW BUSINESSWORLDView All
The Astrology Cryptocurrency Of In New Financial Year
BW Businessworld

The Astrology Cryptocurrency Of In New Financial Year

Whether you're a seasoned investment enthusiast or just starting out on your financial journey, Vedic astrology can be beneficial, especially in markets as volatile as the crypto sphere

time-read
3 mins  |
April 20, 2024
KRISHNA CONSCIOUSNESS
BW Businessworld

KRISHNA CONSCIOUSNESS

The reader can almost feel that the mortal journey of Krishna has ended, yet Krishna Consciousness has manifested again as Keshav. Krishna-the Seventh Sense reveals the continuity of existence, notwithstanding the limitation of the one who exists. This book is a treasure

time-read
1 min  |
April 20, 2024
Recreating The Maruti Moment In EVs
BW Businessworld

Recreating The Maruti Moment In EVs

SAJJAN JINDAL on the joint venture with MG Motor, electric mobility, charging infrastructure and more

time-read
2 mins  |
April 20, 2024
Sustainable Models of Support for Women Entrepreneurs in India
BW Businessworld

Sustainable Models of Support for Women Entrepreneurs in India

Personal one-on-one mentorship is a key intervention that is most required amongst MSMEs and young startup founders today

time-read
1 min  |
April 20, 2024
ELEVATED ROAD TO SUCCESS
BW Businessworld

ELEVATED ROAD TO SUCCESS

Honda Cars India is exporting 'Made in India' cars back to Japan showcasing India as a strong manufacturing hub for Honda sedans and SUVs. What is its game plan?

time-read
4 mins  |
April 20, 2024
HOW HINDUJA GROUP'S BID TO ACQUIRE RELIANCE CAPITAL VIOLATES INDIA'S FDI, INSURANCE NORMS
BW Businessworld

HOW HINDUJA GROUP'S BID TO ACQUIRE RELIANCE CAPITAL VIOLATES INDIA'S FDI, INSURANCE NORMS

The bid structure has come into question with the insurance regulator pointing out that it not just allows Hinduja Group-backed foreign entities to own 100 per cent in Reliance Capital’s insurance business but also lets them bid on borrowed money in total disregard of Indian laws and norms

time-read
8 mins  |
April 20, 2024
Taking Astrology To The Masses
BW Businessworld

Taking Astrology To The Masses

Driven by profound fascination and belief in the cosmic intricacies, Rajeev Bhandari, Founder, AstroSagga is on a mission to offer affordable courses to fuel employment in astrology sector

time-read
2 mins  |
April 20, 2024
"My Mission Is To Make Temples Across India Better"
BW Businessworld

"My Mission Is To Make Temples Across India Better"

Sharad Kamath, Founder and CEO, 3ioNetra identified the need fora comprehensive software solution to address the complex billing and accounting needs of temples based on his experiences as avolunteer and organiser at religious functions

time-read
2 mins  |
April 20, 2024
A Conduit Between Spiritual and Tech Realms
BW Businessworld

A Conduit Between Spiritual and Tech Realms

In November 2023, Vama secured a Seed Plus round led by Wavemaker Partners, bringing its total funding to USS 2.8 million

time-read
2 mins  |
April 20, 2024
"AI Will Catalyse Hockey Stick Growth Of Astro Sector In India"
BW Businessworld

"AI Will Catalyse Hockey Stick Growth Of Astro Sector In India"

The current faithtech landscape in India leans heavily towards entertainment, says Punit Pandey, Founder, AstroSage and believes the key lies in shifting the revenue model from entertainment to trust

time-read
1 min  |
April 20, 2024