Amazon slashes selling fee for new vendors

Amazon India has cut the selling fee for new vendors by 50 per cent as it lures them away from competitors ahead of a festive season battle.

The e-commerce firm’s annual festive season sale — Great Indian Festival — kicks off on September 23. The mega event sees a spike in big-ticket purchases in the country.

Amazon India competes with Walmart-owned Flipkart which is also coming out with the 9th edition of its Big Billion Days sale.