Latest News | Amazon Business Customer Base Rises at Annual 111% Rate in 6 Years: Company Official
Get latest articles and stories on Latest News at LatestLY. Customer base of Amazon Business has expanded at a compounded annual growth rate of 111 per cent in the country in the last six years, a top company official said on Tuesday.
Bhopal, Sep 17 (PTI) Customer base of Amazon Business has expanded at a compounded annual growth rate of 111 per cent in the country in the last six years, a top company official said on Tuesday.
Director of Amazon Business Mitranjan Bhaduri told reporters here that 65 per cent of overall orders on Amazon Business are now received through mobile phones.
The customer base of the platform (Amazon Business) across India has increased at a CAGR of 111 per cent in the last six years, Bhaduri said.
Amazon Business, the B2B online wholesale market started in 2017, is completing seven years in India, he said..
Bhaduri said that Amazon Business has witnessed significant growth outside metro areas, particularly in Bhopal, where it has seen a 2.4-times year-over-year (YoY) increase in new customers.
He said that a study reveals strong consumer enthusiasm for online festive shopping.
In the study, 89 per cent of respondents expressed their excitement for the upcoming festivities with 71 per cent indicating that they intend to shop online, he said.
Nearly 50 per cent of respondents said they intend to shop online and they would spend more on online festive shopping compared to last year, he claimed.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)