amazon india | Pixr8 News

Online Insurance Startup Acko raises $12 Mn from Amazon

28May By Lavina TolaniNo Comments

FUNDING

Online Insurance Startup Acko raises $12 Mn from Amazon

Acko Technology, an online insurance startup raised $12 million in a fresh round led by e-commerce giant Amazon India as informed by the company on Sunday. The funding round witnessed participation from new investor Ashish Dhawan and existing investor Catamaran Ventures (Owned by Narayana Murthy). The new infusion has taken Acko's total equity funding to about $42 million with its valuation at about $100 million. The round led by Amazon marks company debut in the financial sector where it will now co-create products with the insurance tech startup - besides being its distributor. Acko-headquartered in Mumbai came to inception in 2016 as an independent entity post a restructuring at online insurance aggregator Coverfox, which witnessed its co-founded Varun Dua step down to kicks...

Huawei P20 Pro, P20 Lite launched in India, Check Out Highlights

24Apr By Lavina TolaniNo Comments

Tech

Huawei P20 Pro, P20 Lite launched in India, Check Out Highlights

Within roughly a month of its global unveiling, Huawei P20 Pro and P20 Lite and have been launched in India. The newly launched Huawei smartphones in-house AI based camera features paired with co-optics based lens maker Leica. The P20 Pro falls in higher price bandwagon against flagships like Samsung Galaxy S9 and iPhone 8 while the P20 Lite will face off against phones like Vivo V9 and Oppo F5. Huwaei is a brand that is always known to be revolutionizing with camera in its phones. Hence, not much to surprise P20 pro has a triple camera set up while P20 Lite supports a dual camera. Both the Huawei phones run on Android Oreo operating system and have full view displays. Huawei P20 Pro and P20 Lite Price in India P20 Pro will be available at Rs. 64,999 while the P20 Lite...

Amazon Launches a “Lite” Web Browser App for India

18Apr By Lavina TolaniNo Comments

Tech

Amazon Launches a “Lite” Web Browser App for India

E-commerce giant, Amazon has come up with a lite web browser app for India to attract emerging markets which is claimed to be "lighter than competition". Called "Internet: fast, lite and private", the app has been specifically designed to consume less space on devices and comes under 2 MB in size. The app is visible at Google play store but currently downloadable only in selected smartphone brands in India. The app will offer a private user experience without seeking additional permissions or collect private data like other browsers. Moreover, it also offers inbuilt news and updates on the home page with a private data tab that does not track user's history at the end of a user session. The app is compatible for download for devices running on Android 5.0 Marshmallow and above. Th...

Amazon Launched Prime Music Service in India

28Feb By NitishNo Comments

News

Amazon Launched Prime Music Service in India

E-commerce platform Amazon India launched its ad-free music streaming service today. The service will available for zero cost to its Prime members. "With ad-free streaming at no additional cost to the Prime members, we offer a welcome break from text and voice ads that come between the music," said Sahas Malhotra, director at Amazon Music India. We’ve tied up with the biggest music labels. We’ve put together tens of millions of songs all ad free & at no additional cost to Prime membership.We’ve kept you waiting, but no more. @AmazonIn announces the launch of @AmazonMusicIN @Sahasm. Find out more: https://t.co/VWIH8CMOnM pic.twitter.com/S1RmVMHR0v — Amazon India News (@AmazonNews_IN) February 28, 2018 The service offers unlimited offline downloads and includes a wide range...

Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr

15Nov By PriyankaNo Comments

News

Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr

E-commerce giant Amazon has recently infused another sum of Rs 2,900 crore in its Amazon Seller Services, marking it a single-biggest infusion in its Indian arm, in comparison to Flipkart's raise of total $4 billion. In this fiscal, Amazon has infused a total of $1 billion into its Amazon Seller Services (India). Earlier in September, Amazon India received a funding of Rs 1620 crore, and then a Rs 1680 crore fund in June. “As India’s largest and fastest-growing ecommerce player, and with a long-term commitment to make ecommerce a habit for Indian customers, we continue to invest in the necessary technology and infrastructure to grow the entire ecosystem. We are delighted and humbled by the trust from our customers, to lead in India on things that matter to our customers in over four ...

Amazon Pumps in Rs 1,680 Crore More in India Unit

6Jul By Press Trust of IndiaNo Comments

BUSINESS

Amazon Pumps in Rs 1,680 Crore More in India Unit

Global giant Amazon has invested an additional Rs 1,680 crore in its India unit as it looks to further strengthen operations in the booming e-commerce market here. The fresh infusion part of Amazons USD 5 billion commitment to Indian market will also provide more arsenal to the Indian entity that is locked in an intense battle for leadership with local rival, Flipkart. Amazon Seller Services (Amazon India) received the funds last month, as per regulatory filings with the corporate affairs ministry. "We remain committed to our India business with a long- term perspective to make e-commerce a habit for Indian customers and invest in the necessary technology and infrastructure to grow the entire ecosystem," an Amazon India spokesperson said in an e-mailed response. In June...

Amazon India Doubles Seller Base to 2 lakh, Google Rolls Out Website With Google My Business

14Jun By AnkitaNo Comments

News

Amazon India Doubles Seller Base to 2 lakh, Google Rolls Out Website With Google My Business

E-commerce major Amazon India today said it has doubled the number of merchants on its e- commerce platform to two lakh in less than a year. Amazon.in has crossed the two million seller base mark in just four years of the companys operations in India, Amazon.in said in a statement. It added that the company has doubled the number in less than a year of crossing the one lakh seller count last July. "This fast pace of adoption has come on the back of various unique, India-first innovations like feet on street teams, self-service registration, Chai Cart and Tatkal," the statement said. It added that partnerships with several national and state government bodies also helped in reaching the milestone. Google rolls out Website with Google My Business Google today launched a new...

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

3May By Press Trust of IndiaNo Comments

BUSINESS, News

Amazon to Add 7 New Warehouses in India, Hire 4,000 people

E-commerce giant Amazon continues to aggressively expand its operations in the country with the addition of seven new warehouses, a move that will provide employment to about 4,000 people. The US-based company, which has committed an investment of USD 5 billion in the Indian market, will have 41 warehouses or Fulfilment Centres (FCs) by the end of June this year. Amazon, which is locked in an intense battle with local rival, Flipkart, has been pumping in funds to expand infrastructure and technology platform in the country. "This (new FCs) will double our storage capacity this year as compared to last year. We continue to invest in strengthening our infrastructure to match our pace of business expansion in India," Amazon India Customer Fulfilment Vice President Akhil Saxena told P...

Amazon Will Keep Investing Billions in India: Jeff Bezos

29Apr By RishabhNo Comments

Entrepreneurs Talk

Amazon Will Keep Investing Billions in India: Jeff Bezos

Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and delivering for customers and sellers. It’s still day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure,” Amazon founder and CEO Jeff Bezos said in a statement. The world’s second richest man also said “Amazon.in is the most visited and the fastest-growing marketplace in India.” Amazon, which entered India in 2013, has been locked in an intense battle with Tiger Global-backed Flipkart for leadership in the Indian market. Amazon has been aggr...

13Apr By RishabhNo Comments

News

Amazon India Gets RBI Nod For Mobile Wallet

Online marketplace Amazon India has secured a licence to operate pre-paid payment instrument (PPI) or mobile wallet in the country as it tries to compete more aggressively against rivals Snapdeal and Paytm. The approval will help the US-based giant to cash in on the booming digital payments market in India. "We are pleased to receive our PPI license from the RBI (Reserve Bank of India). Our focus is providing customers a convenient and trusted cashless payments experience," Amazon India said in a statement yesterday. In December, Amazon had launched its Pay Balance service to cash in on the digital payments boom. Similar to other mobile wallet services, the payment mechanism, however, was restricted to transactions made on Amazon's platform. Amazon Pay runs on the PPI licence issue...

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

31Mar By reutersNo Comments

News

Modi Privately Took Amazon to Task Over Insulting Flag Doormat

India's reaction to an Amazon.com website selling doormats resembling the country's flag involved an unprecedented public and private offensive against the US company by Prime Minister Narendra Modi's government, a document shows. Foreign minister Sushma Swaraj publicly threatened in January to rescind visas of Amazon employees if the doormats were not removed from its Canadian website. But a document seen by Reuters shows the government went even further in private, asking its US and Canadian embassies to raise the matter "strongly" with Amazon's senior leadership. India also escalated the matter to Amazon CEO Jeff Bezos and prompted a global audit by the company to "ensure that such products are not listed on any of its other" websites around the world, according to the docu...

Amazon India Head Amit Agarwal Promoted as SVP

17Mar By PriyankaNo Comments

News

Amazon India Head Amit Agarwal Promoted as SVP

Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon. The company confirmed the development in an emailed statement. "This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added. The promotion comes within a year of Agarwals inclusion in a senior leadership team that reports directly to Amazon CEO and President Jeff Bezos. Agarwal will continue to head the India operations. Amazon, which has committed investments to the tune of USD 5 billion, remains one of the fastest growing for the US-based e-tailer. The company faces intense competition in India from local player, Flipkart. The competition is further heating up as Chinese e-tailer Alibaba gears up for a stron...