In the past year or two, the development speed and considerable prospects of Indian e-commerce have become a topic of relish in the industry. Amazon India has been on the line for a long time, but Chinese sellers have no chance to participate directly, but it seems that there is progress in the station in India.
What is the situation in India?
According to the latest data from Marketplace Pulse, Amazon has just exceeded 1 million new sellers this year, including more than 290,000 new sellers in the US, India in second place, and more than 120,000 new sellers. In less than 15 months, the number of sellers in India has risen from 200,000 to 400,000, which has doubled, highlighting the potential to become the second largest market in Amazon in the future.
In this year’s Prime Day, compared to the normal sales day in July, the sales of wireless products in India increased by more than 5 times, the sales of large household equipment increased by 9 times, the overall sales of daily necessities increased by 3 times, and the sales of fashion products increased more than 2 times. Electronic products have grown more than 4 times…
What is the outlook for the Indian e-commerce market? Earlier, eMarketer predicted that Indian e-commerce retail sales will reach $37.5 billion in 2017, and by 2020, that number will reach $79.4 billion. At the same time, India’s consumers shopping through the digital platform will grow from the estimated 199 million in 2017 to 352 million in 2020, which means that the consumer base of Indian B2C e-commerce will nearly double in three years.
Another good news is that data analysis companies analyzed the sales channels of the Indian e-commerce market and found that Amazon has a 30.3% share, which is the first trend.
So what information do I need to register for Amazon India? Some sellers have shared the following information:
Company business license
2. Legal person ID card or passport scanned
4. Mobile phone
5. Visa credit card billing address and postal code
6. Visa credit card number, expiration time, cardholder name
If the seller intends to settle in India, the entry requirements given by the platform and the investment manager shall still be subject to the requirements.