Excl: Amazon's CEO Jeff Bezos to visit India ahead of Diwali in October
Jeff Bezos, founder & CEO of world's largest public listed e-commerce company Amazon.com Inc, is likely to visit India ahead of Diwali in October this year, sources privy to the development told Techcircle.in. Around the same time, Amazon is also planning to launch its drone-based delivery services in India.
We have contacted the firm for more details, and will update the report as and when we hear from them.
According to a report in The Economic Times, Amazon will debut its drone delivery service with trials in Mumbai and Bangalore - two cities where it has warehouses. The drone, which weighs less than 25 kg and travels at over 80 kmph, will carry a payload of up to 2.26 kg, which covers 86 per cent of the products sold on Amazon.com.
Amazon launched its e-commerce marketplace in India a year ago. Last month, the firm announced that it would invest an additional $2 billion (around 12,000 crore) to support its rapid growth in India. Back then, Bezos had said that the India business was growing beyond the firm's expectations.
Amazon.in claims that it has more than 17 million products across categories, which would make it bigger (in terms of product SKUs) than seven-year old Flipkart.com, which has around 15 million products.
Recently, Amazon roped in Abhijeet Muzumdar, vice president of global VC firm Bessemer Venture Partners, as its head of corporate development and private investments. He is expected to look at acquisitions in India and Southeast Asia and also possible strategic investments.
Amazon is also running product price search engine Junglee.com and enterprise solutions Amazon Web Services in India.
(Edited by Joby Puthuparampil Johnson)