Skip to main content

Amazon in India

If the news of Amazon imminent entry has any truth in it. It is the most significant announcement in the e-commerce space in the country.

It is also time for Indian e-commerce to take a bow. It has performed yeoman service to the country. But now, Like MacArthur once said about old soldiers, it is time for them to fade away.


From the Times of India

CHENNAI: World's largest online retailer, Amazon.com is set to enter India, riding on the second wave of e-commerce boom in India. Amazon is in discussions with leading Indian e-commerce players like Flipkart.com, LetsBuy.com and Exclusively.in, among others and may enter the market as early as the first quarter of next year.

Acquiring Indian players has been the dominant theme for foreign majors looking to enter Indian market with eBay acquiring Baazee.com and Groupon picking up SoSasta.com to enter the market. But sources say that Amazon is looking to set up operations on its own as its discussions with many players on acquisition front haven't seemed to work out. "Indian players see the huge potential in the e-commerce segment here and so have so far been resistant to being bought out easily," said another source. Amazon is likely to ramp up through inorganic ways later, depending on market growth and their performance relative to competition.

Hiring is currently on in Hyderabad, Bangalore and Chennai to fill up the various positions in this team, say sources. "A team of over 200 people is being built, though all of them might not end up in the core retail arm," said another source.

The earliest indications came from the hiring of Madhu M, a senior executive at Landmark (retail chain), by Amazon to head its India operations. Madhu is an IIM Ahmedabad alumnus and is currently holding the position of SVM at Amazon. He is based out of Chennai where Amazon's Kindle development team is also based.

Amazon is also establishing a warehouse in Mumbai, a standard step before entering the e-commerce space going by what Amazon has been doing globally. Another interesting development has been the buying of 80,000 sq ft by Amazon at SP Infocity, promoted by Shapoorji Pallonji & Co Ltd, in Perungudi in Chennai. The company already has a development centre in Chennai.

http://timesofindia.indiatimes.com/business/india-business/Amazon-set-to-launch-services-in-India-next-year/articleshow/9364346.cms

Comments

Post a Comment

Popular posts from this blog

Kindle in India

Please note: Amazon has released new versions of the Kindle. For prices and features, please go to Prices in India of New Kindles 3G+WiFi and WiFi editions Original Post: My wife decided that she needed to gift me a Kindle for our anniversary. I asked a colleague, if her husband (who was traveling to the US) could carry back one. He couldn't, because of an erratic travel schedule. So we decided to order one right here directly since Amazon was kind enough to open up direct shipping to India. So we ordered on a Tuesday evening (India Time) and Amazon being Amazon shipped the device straight away on the same day itself. I very eagerly tracked the package using the DHL sites (yes, I used three different DHL sites, US, UK and India. They give different info when the package is in that respective country) and in three days flat it was here across the seven seas at Delhi airport. Only I was in Noida which is an interstate delivery for DHL. Which meant that I had to fill out an ar...
81 comments
Read more

Prices in India of New Kindles 3G+WiFi and WiFi editions

Amazon has release two new Kindles, one with 3G and WiFi (3G is free for use everywhere in the world) for $189 and one model with only WiFi for $139. 3G + WiFi model is available in Graphite and White and the Wifi Model is available only in White Graphite. The landed cost of 3G+Wifi version is ~$284 which is approximately Rs. 13,300 The landed cost of just the Wifi version is ~$216 which is approximately Rs. 10,100 The New Kindle  has better contrast (50% better than the previous models) 21% smaller size (while keeping the same size screen) 15% lighter 20% faster page turns Storage has doubled one MONTH battery life As always the Kindle DX model is available in Graphite for $379, (landed cost $540 which is approximately Rs. 25,200)
41 comments
Read more

What Did You Build This Week? Rethinking Education for the AI Age

My sixteen-year-old son spent a weekend fine-tuning an mBERT language model with labeled hate speech data, then benchmarked it against MuRIL, a publicly available model for Indian languages. No assignment. No tutorial. Just Google AI Studio, Google Colab, and curiosity. He'd essentially skipped to the end of a university summer school curriculum. Using mBERT and MuRIL is advanced deep learning. Most students start with if/else logic and work their way up to Transformers over years. He started with Transformers. When he got interested in AI/ML summer programs like NUS, we looked at the syllabi. He was already beyond where the program would end. That's when it crystallized for me: we're teaching kids to write code in an era when AI writes code. We're drilling them in syntax when they need judgment. We're preparing them for an education system that's already obsolete. The Assessment Crisis The real issue isn't learning. It's testing. We test memorisation be...
Post a Comment
Read more