Amazon was not the first to enter the e-commerce in India, rather one of the late entrants. Yet, the company ranks second in the country’s e-commerce race after Flipkart.
For quite some time, there has been much talk about the company’s plans to enter Quick Commerce play. After all, the party is already crowded with 4 key players eyeing the INR 50,000 Cr (USD 6 Bn) market.
At the company’s flagship event Smbhav held at Delhi on 10 Dec. ‘24, Country Manager Samir Kumar that Amazon India will enter the quick commerce category soon.
“We will be starting a pilot to give our customers a choice to get their everyday essentials in 15 min or less”, Kumar said addressing Small and Medium sized business owners at the event.
Samir is a lifer at Amazon celebrating his silver jubilee year with the IT behemoth.
He pursued his BE in Electronics Engineering from NIT Rourkela in 1993 and a PG in Electrical Engineering from Utah University in 1995.
Samir joined the 4-year old startup that was in 1999 at Seattle as a Systems Engineer, where he was involved in multiple large size automated fulfillment centers for Amazon.com.
He was the Director of International Expansion when Amazon set up its India office in 2012. Thereafter, he has served multiple roles in the company including as VP – Category Management, and most recently as VP of International business since 2016, until he took over as the Country Manager for India.
“From joining as a wide-eyed systems engineer in 1999 to helping launch the India business with Amit Agarwal in 2013, and now returning to lead this incredible team—it truly feels like a homecoming.
I can’t help but reminisce about the exhilarating moments—the butterflies in our stomachs as we launched Amazon.in, the late nights securing game-changing partnerships, and the sheer joy of serving customers and gaining their trust, one by one”, Samir wrote on his Linkedin page last week.
Amazon India has committed to invest INR 1,018 Cr (USD 120 Mn) in startups through the Amazon Smbhav Venture Fund as part of an MoU signed with the Department for Promotion of Industry and Internal Trade (DPIIT) at the recently held at fifth edition of its annual Amazon India Smbhav Summit on 10 Dec. ‘24
Amit Agarwal, Senior Vice President of Emerging Markets at Amazon said, “As one of the world’s fastest-growing economies, India is a key market for Amazon and our focus areas align well with the government’s vision and priorities of digitising small businesses, boosting exports and creating jobs”.
Amazon’s global Net sales increased 11% to $158.9 Bn in the third quarter of 2024, compared with $143.1 Bn during the same period in 2023.
Amazon annual revenue for 2023 was USD 574 Bn, a 11.83% increase from 2022. Amazon annual revenue for 2022 was $513.983B, a 9.4% increase from 2021.
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