Amazon commits $35bn to India over 5 years, scales quick commerce to 100 cities
Country manager Samir Kumar pledges 1,000 micro-fulfilment centres for Amazon Now, flags 25% MoM growth, and pushes back on reports of Flipkart leading GMV share. Axio NBFC integration and Bazaar value play anchor a Tier-II/III push where 70% of Prime base now sits.
Amazon India country manager Samir Kumar outlines $35bn five-year investment, Amazon Now expansion to 100 cities with 1,000 micro-fulfilment centres, Axio NBFC integration, Bazaar value play, and dismisses reports putting Amazon behind Flipkart in GMV share.
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- Business Standard · Companies — 8h after first sighting