Amazon Hits $1B Mark with India Quick Delivery Service
Amazon's Indian quick delivery service has achieved a significant milestone, reaching annual sales of over $1 billion. The company announced that its Amazon Now service in India has doubled orders every quarter since it launched a year ago.
In a statement on Tuesday, the US-based e-commerce giant said it had now crossed $1 billion in annualized gross revenue, indicating it's on pace to reach this amount for a 12-month period. This achievement intensifies competition with local firms like Eternal Ltd.'s Blinkit, which holds the top spot in India's quick commerce market.
The rapid growth of Amazon Now in India is notable, as the service has been able to maintain high sales volumes despite stiff competition from established players. By hitting this $1 billion milestone, Amazon has demonstrated its commitment to expanding its presence in the Indian market and further solidifying its position as a major player in e-commerce.