The year-end reports have come and it is a big day for country’s two most impressive and customer-driven e-commerce websites- the homegrown star, Flipkart, and, the multinational giant’s Indian arm, Amazon IN.
According to the report-
And according to the filings with the Registrar of Companies (RoC):
Amazon Seller Services reported a 41% rise in earnings to $485.4 Mn (INR 3,128 Cr) during the stated period. Amazon Seller Services currently scores through commissions, advertisements and shipping fees.
The global retail giant’s Indian subsidiary reportedly claimed a Y-o-Y growth of 66% in gross sales volume for the six month period between April-September in 2017, which is 1.5 times bigger than Flipkart’s GMV sales volume for the same period.
Besides, Amazon India also recorded a 67% increase in total sales by volume and 72% by estimation for the period between July-September, vied for the same period former year.
Jeff Bezos-led Amazon continues to be bullish on its Indian subsidiary, as evident from its recent announcement of doubling its authorised capital to $4.74 Bn (INR 31,000 Cr), matching its earlier capital commitment of $5 Bn made in June last year last month.
As per a recent Morgan Stanley report-
So, conclusively, if we talk about rankings, Amazon is still marginally catching up with Flipkart in terms of customer base and rank acquisitions, but if we consider on year-wise performance and annual figures, it has bullied the homegrown e-commerce giant and has raised as the winner this year for sure.
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