He predicted sales to rise many folds this year, but didn’t give a target number. Flipkart expects gross sales from its Big Billion Days to double from last year to more than $1 billion (Rs 7,250 crore).
Run up to the Diwali festive season is a crucial period for most ecommerce companies, including these two and others like Paytm Mall, Pepperfry, Firstcry and Lenskart, as customers tend to buy more during this season. These marketplaces work closely with their suppliers during the festive season to provide lucrative offers to customers to help boost sales.
This sale season, it will be critical for Amazon to show growth and leadership in the Indian market, as Wall Street will closely be watching its performance post Walmart investing in competitor Flipkart, sources said.
Amazon said it expanded its logistics capabilities by setting up more than 50 fulfilment centres in 13 states to cater to a spike in demand for the 170 million products from more than 380,000 sellers available on its platform.
The development was first reported by ET Retail.com