Amazon, the global ecommerce company has been quietly trying to reduce losses to reach its target of getting on to a path to profitability by 2019. The Indian unit of the global ecommerce and cloud computing company will try to cut losses without sacrificing sales growth.
A news daily reported Amazon, which has been trying to achieve dominance in the Indian ecommerce market space, has been trying to reach its target of getting on to a path to profitability by 2019. According to sources close to the matter, Amazon came up with the ‘Get Fit’ initiative to cut packaging costs, introduce more automation in warehouses and deliver products more efficiently.
The initiative was announced around the time Jeff Bezos, founder and CEO of Amazon committed an additional $3 billion towards expanding the Indian business in June 2016. This round of investment was in addition to the $ 2 billion investment Bezos had announced in July 2014. Get Fit along with the Get Big program are the two biggest initiatives at Amazon India which are about making the company the largest online retailer in the country.
The company also got the Indian Government’s approval to invest $ 500 million in the food retail sector in July. It was also reported last month, Amazon might partner with online grocery retail startup Grofers to get a toehold in the sector. Amazon India, till date has spent around $ 2 billion to gain the upper hand in the biggest unconquered Internet market in the world. But, Amazon India’s loss soared to Rs. 3,572 crores in the financial year 2016 while the company reported a revenue of Rs. 2,275 crores.
At present, Amazon is fighting against homegrown ecommerce giant Flipkart which is backed by Tiger Global and recently by SoftBank. According to sources, Amazon will match Flipkart’s efforts at all levels despite India being one of the biggest loss drivers in Amazon’s international business. An Amazon spokesperson said the company is committed to investing in India for a long period of time with the vision of transforming how India buys and sells.
Oliveapago
May 1, 2025 at 8:50 pm
купить аккаунт с прокачкой birzha-akkauntov-online.ru/
PeterTinty
May 1, 2025 at 9:38 pm
платформа для покупки аккаунтов продажа аккаунтов соцсетей
Richardneage
May 1, 2025 at 10:14 pm
аккаунты с балансом продать аккаунт
Jameszoogy
May 1, 2025 at 11:11 pm
маркетплейс аккаунтов соцсетей площадка для продажи аккаунтов
Oliveapago
May 2, 2025 at 8:17 am
магазин аккаунтов социальных сетей маркетплейс аккаунтов соцсетей
BryantGek
May 2, 2025 at 9:14 am
аккаунты с балансом маркетплейс аккаунтов соцсетей
Richardneage
May 2, 2025 at 9:22 am
магазин аккаунтов социальных сетей площадка для продажи аккаунтов
Daviddiaby
May 3, 2025 at 3:14 am
Purchase Ready-Made Accounts Account Sale
Jasonbiove
May 3, 2025 at 3:16 am
Account Acquisition Account Store
MichaelTrops
May 3, 2025 at 4:06 am
Account Acquisition Secure Account Sales
WalterAduck
May 3, 2025 at 4:43 am
Account Acquisition Marketplace for Ready-Made Accounts
Jaredger
May 3, 2025 at 8:59 pm
Database of Accounts for Sale Sell Account
Brianthort
May 3, 2025 at 9:03 pm
Account Purchase Account marketplace
RonaldAgeva
May 3, 2025 at 9:37 pm
Online Account Store Social media account marketplace
Thomasseila
May 3, 2025 at 10:15 pm
Website for Buying Accounts Marketplace for Ready-Made Accounts
BruceCal
May 4, 2025 at 7:47 am
Marketplace for Ready-Made Accounts Account Selling Service
WilliamFluep
May 4, 2025 at 7:50 am
Purchase Ready-Made Accounts Social media account marketplace
RonaldAgeva
May 4, 2025 at 10:16 am
Buy accounts Account Sale
EdmundEvawn
May 5, 2025 at 12:50 am
ready-made accounts for sale account market
BrandoncOb
May 5, 2025 at 12:51 am
accounts for sale secure account purchasing platform
RomeoRer
May 5, 2025 at 1:27 am
account acquisition website for buying accounts
Donaldaffow
May 5, 2025 at 3:14 am
accounts market marketplace for ready-made accounts
KeithPab
May 5, 2025 at 8:14 pm
account marketplace account market
Robertmaymn
May 5, 2025 at 8:25 pm
buy account account store
Hectorvef
May 5, 2025 at 9:02 pm
account acquisition accounts market
Carloscip
May 5, 2025 at 10:26 pm
account purchase sell accounts
RichardBer
May 6, 2025 at 7:08 am
account buying platform website for selling accounts
Stephenraw
May 6, 2025 at 7:10 am
buy accounts ready-made accounts for sale
Carlosbouby
May 6, 2025 at 9:22 am
accounts market sell accounts
StevenSix
May 6, 2025 at 5:46 pm
account buying service guaranteed accounts
ClydeDug
May 6, 2025 at 10:20 pm
account market website for buying accounts
JohnnyFlapy
May 6, 2025 at 10:25 pm
sell accounts guaranteed accounts
Thomasnal
May 6, 2025 at 11:01 pm
account acquisition account selling platform
PhilipLow
May 7, 2025 at 8:39 am
account selling platform accounts marketplace
Randalwaing
May 7, 2025 at 8:44 am
ready-made accounts for sale account selling platform
RichardAneno
May 7, 2025 at 7:00 pm
account market best-social-accounts.org
Zacharyswist
May 7, 2025 at 7:02 pm
account acquisition account acquisition
Kevinemere
May 7, 2025 at 7:45 pm
online account store buy pre-made account
RaymondAsymn
May 7, 2025 at 11:07 pm
account exchange service website for buying accounts
ThomasUrisa
May 8, 2025 at 8:55 am
account marketplace account trading platform
NathanAburb
May 8, 2025 at 9:01 am
purchase ready-made accounts gaming account marketplace
BruceSon
May 8, 2025 at 9:41 am
account sale profitable account sales
Danielimare
May 8, 2025 at 8:01 pm
account catalog account catalog
Geraldnendy
May 8, 2025 at 9:47 pm
account marketplace database of accounts for sale
JasonZooca
May 8, 2025 at 11:55 pm
account exchange sell accounts
Thomasdah
May 9, 2025 at 12:45 am
secure account sales account selling service