365Telugu.com online news, Hyderabad, May 20, 2024: With approximately 10lac+ sellers on the platform and more than 19cr+ GST enabled products, Amazon Business continues to act as one stop destination for business customers in Hyderabad, and continues to transform the landscape of enterprise procurement with its innovative solutions and provide unparalleled convenience to its customers.
Started in 2017, Amazon Business has seen an upward trajectory in cities including Hyderabad with 48% increase in sales in Q1’24 and 84% increase in new customer registrations.
With the vision to empower MSMEs and large enterprises, Amazon Business continues to simplify the procurement process and help businesses buy from the seller that best fits their procurement budget.
Amazon Business currently houses India’s largest GST-enabled selection and plans to sustain the momentum by catering to their existing and potential users through its customer backward approach and easing the way of doing businesses further.
In line with these efforts, Amazon Business saw a 48% increase in sales in Q1’24 and 84% increase in new customer registrations, ensuring increased customers’ trust in the services.
Business customers shopped across top categories such as laptops, small and large appliances and televisions and repeatedly bought pantry supplies like tea and beverages, cleaning supplies, computer accessories. With the ongoing summer, sales of ACs, coolers and fans also saw a spike.
As the B2B sector continues to evolve, Amazon Business continues to drive digitization for its customers and simplify the procurement process for them.
Keeping up with the evolving needs of the customers, it has added features including ‘Bill to Ship to’ allowing customers to claim GST credit on their billing address for their pan-India shipments, Android and iOS optimized mobile app, Registration via Business PAN – among others to cater the needs of business customers across 99.5% pin codes of India.
The latest addition to the series of innovative features includes the introduction of virtual credit to business customers through an integration with Amazon Pay. This enables all eligible business customers to have seamless access to 30-day interest free credit with the option to extend it to 12 months at minimal interest rates, and no hidden costs.
“The rise of the B2B sector in India is not just a trend; it’s a transformative journey fueled by innovation, collaboration, and a relentless pursuit of excellence, thereby propelling businesses towards unprecedented growth and success.
We, at Amazon Business, are committed to contribute to this growth journey by empowering businesses of all shapes and sizes with hassle free procurement methods.
From introduction of newer features to providing 19crore GST-enabled products to choose from, our aim is to support our customers and seller partners to buy and sell in a seamless manner while saving more.” said Suchit Subhas, Director, Amazon Business.
In its 7 years of journey in India, Amazon Business continues to remain laser focused on its vision to empower the small & medium business and large enterprises even further and make their indirect spends more effective by bringing down overall costs and improve the ease of doing business.
With features such as Multi-user accounts and Approvals, spend analytics, credit extension, access to expenditure breakup, and many more, Amazon Business strives to innovate to its maximum potential with a customer-backward approach.
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