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Amazon Posts 67% Increase In Sales Volume Growth

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Amazon Posts 67% Increase In Sales Volume Growth,Startup Stories,2017 Business News Update,Amazon Volume Growth,Amazon India Increase Sales Volume,Amazon Business News 2017,Amazon Gross Sales Value Increase,Amazon India Gross Sales,Amazon Sales September Quarter

Amazon India, the Indian arm of the ecommerce giant Amazon, reported a 67% increase in sales volume in the September quarter. The company claims from April to September, their gross sales rose much faster than of their rival, Flipkart.

While Amazon claimed their gross sales value increased by 72% during this quarter, Naspers previously reported Flipkart grew 43% during that period. The global ecommerce giant further added Amazon India’s gross sales rose 66% in those six months. According to brokerages and experts tracking ecommerce in India, the online retail market is estimated to be growing by roughly 25% to 30%.

However, according to a Flipkart spokesperson, the figure cited by Naspers included “a time lag” and the firm’s sales actually grew by “at least 80%” in April-September. Livemint reported, in an emailed response Flipkart’s spokesperson said, “Flipkart continues to outpace the industry and our growth has accelerated significantly during the July-September quarter on the back of a very strong festive season. This report actually refers to the January-June period and, as all growth data, has a lag of three months so the comparison isn’t like for like or relevant.

Despite Amazon India posting an increase in sales volume, Amazon’s overall sales volume growth actually slowed considerably from the preceding two quarters, where it grew by 85% and 88%, respectively. Flipkart, which enjoys a bigger consumer base in India, also beat Amazon during the festive season sale, generating gross sales of over Rs. 5,000 crores. During its four day Great Indian Festival sale, Amazon, on the other hand, generated gross sales of Rs. 2,500 to Rs. 2,700 crores.

Nevertheless, Amazon has disputed the claim that it lags behind Flipkart and argues it is well ahead of the Bengaluru based ecommerce company in terms of metrics such as app downloads, desktop visits and mobile website visits. On the global front, Seattle based Amazon has also locked horns with technology giant Google over selling Google products on its ecommerce platform.

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple - StartupStories

Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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