Amazon Sees 29% Surge In Crorepati Sellers Year On Year

Amazon has added 1.5 lakh new sellers in 2020 with more than 50K registering in Hindi and Tamil

The company said the number of sellers earning over INR 1 Cr from the sale grew 29% year-on-year

Flipkart had earlier claimed 35% growth in the number of new sellers during the festive season sales

Ecommerce giant Amazon in its annual report revealed that 4,152 sellers surpassed INR 1 Cr in sales during the festive season promotions, while the number of sellers who sold goods over INR 1 Cr or ‘crorepati sellers’ grew 29% year-on-year.

Earlier, Walmart-owned Flipkart had claimed that during “Big Billion Day Sale” more than 3 Lakh sellers and artisans had participated and with over INR 10K Cr offered as savings through discounts in the six-day sale in October.  The number of sellers grossing over INR 1 Cr on the platform went up by 1.5x and the number of sellers grossing over INR 1 Lakh in sales witnessed a 1.7x jump.

In a blog, Amazon said that it added 1.5 Lakh new sellers in 2020…

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