Amazon India set to meet sales target

BENGALURU|MUMBAI: Amazon’s India unit is on track to hit its internal sales target for the current year, with the ecommerce behemoth’s seller base clocking robust growth despite an overall slowdown in the economy, a top executive said.

Amit Agarwal, global senior vice president and country head, Amazon India, said the rising number of crorepati sellers on its platform was an indicator of the company’s growth, a metric similar to same store sales tracked by the offline retail industry. Crorepati sellers are merchants who have been able to earn more than Rs 1 crore selling products on Amazon in a year.