Amazon Now’s sales surge; govt’s stance on UPI charges
Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch.
Amazon India's quick commerce service, Amazon Now, has reached an impressive $1 billion in annualized sales, according to the company's India head Samir Kumar. The rapid expansion comes just over a year after the service launched in India's 10-minute delivery market. Kumar attributes the success to increased coverage, with Amazon Now now operating in over 60 cities, up from just a handful a year ago.
The company aims to reach 100 cities before the festive season, and eventually 300 cities. Amazon Now currently has 750 dark stores, with 100 run by third-party operators. The service plans to have 1,000 dark stores before the end of the year.
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