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Amazon India revises seller fee structures

Thehindubusinessline

Thehindubusinessline · 1y ago

Amazon India revises seller fee structures

Amazon India has announced that it will be revising its seller fees starting from April 7th. The fee structure will be adjusted to match industry standards and account for factors such as inflation, interest rates, and operational costs. The referral fees will be reduced in certain categories while increased in others. The closing fee and weight handling fee will also see adjustments. These changes aim to support the growth of small and medium businesses and make Amazon.in a preferred marketplace in India. The revised fee structure will apply GST to all fee types.

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Now, Most Products May Turn Costlier As Amazon India Moves To Tweak Seller Fee

Inc42 · 1y ago

Now, Most Products May Turn Costlier As Amazon India Moves To Tweak Seller Fee

Amazon India will be changing its fee structures starting from April 7, resulting in higher prices for various items. The revised fee structure will affect categories such as home improvement, luxury beauty, sleepwear, musical instruments, and flipflops. However, fees for categories including inverter and batteries, and baby apparel will see reductions. The fee changes will impact companies like Mamaearth, which will face increased seller fees for products like face washes, moisturizers, and sunscreens. Additionally, Amazon has removed its Zero Fee fulfillment policy and is reportedly preparing to launch a new vertical called Amazon Bazaar.

Amazon India to scrap referral fees on 1.2 crore products under Rs 300

Economic Times

Economic Times · 4m ago

Amazon India to scrap referral fees on 1.2 crore products under Rs 300

Amazon India has announced the removal of referral fees for products priced below Rs 300 in over 135 categories, benefiting small businesses on its platform. Shipping rates for external fulfillment will decrease, aiming to make the platform more attractive by reducing seller costs. These changes come amid regulatory scrutiny and past fee reductions. Amazon India hosts over 1.6 million sellers, focusing on small and medium enterprises, and actively expanding services in competitive markets like quick-commerce.

Appario looks for a new way to keep selling on Amazon

Economic Times

Economic Times · 1y ago

Appario looks for a new way to keep selling on Amazon

Appario Retail, the largest seller on Amazon India, may change its plans to shut down its seller entity. Amazon and Patni Group, the joint venture partners of Appario’s parent firm Frontizo, had initially planned to shut down the seller entity. However, instead of stopping sales on Amazon India, Patni Group and Amazon are exploring options to bring in a new joint venture partner to replace Amazon for Appario Retail. Talks are ongoing to find a legally sound solution, allowing Appario to continue selling on the marketplace. Appario is a crucial seller for Amazon, accounting for a significant volume of orders.

Amazon drops planned merchant fee as FTC lawsuit looms

Economic Times

Economic Times · 1y ago

Amazon drops planned merchant fee as FTC lawsuit looms

Amazon has decided to cancel its plan to impose a 2% fee on third-party sellers who ship their products themselves, which was set to take effect on October 1. The company made this decision after facing backlash and considering the potential impact on seller sentiment. Amazon had initially introduced the fee to offset its rising costs but has now reversed its course amid growing antitrust scrutiny. The move comes as the U.S. Federal Trade Commission (FTC) is expected to file a lawsuit against Amazon later this month over alleged antitrust violations.

CCI clears Amazon seller Appario’s sale to Clicktech

Economic Times

Economic Times · 1y ago

CCI clears Amazon seller Appario’s sale to Clicktech

The Competition Commission of India (CCI) has approved the sale of Appario Retail, the largest seller on Amazon India, to Clicktech, another major seller on the platform. This move is part of Amazon's plan to divest stakes in sellers on its platform to comply with local e-commerce rules. Appario was the last major seller in which Amazon held a stake. Clicktech, promoted by the Vinod Poddar group, will acquire Appario. Additionally, Amazon is acquiring Appario’s parent firm, Frontizo Business Services, from joint venture partner Patni Group.

Are Indian VC Funds Moving Beyond The ‘2 And 20’ Fee Model?

Inc42 · 9m ago

Are Indian VC Funds Moving Beyond The ‘2 And 20’ Fee Model?

In India, venture capital and private equity funds are moving away from the traditional '2 and 20' fee structure to more flexible models that better align with domestic investor expectations. Funds like 3one4 Capital, Artha Venture Fund, Blume, and Blacksoil are tailoring their fee models based on their stage and sector thesis. Experts, including Aswath Damodaran, are advocating for fee structures that accurately reflect the value added by fund managers.

Amazon launches marketplace fee, excludes Q-com offering Amazon Now

YourStory

YourStory · 2m ago

Amazon launches marketplace fee, excludes Q-com offering Amazon Now

Amazon India has introduced a flat Rs 5 marketplace fee on all orders to cover growing operational costs, similar to Flipkart's Rs 3 fee last year. Exclusions apply to Amazon Business, Amazon Bazaar, Amazon Now, digital purchases, payments, and gift cards. This move aligns with the trend of quick commerce and food delivery platforms like Swiggy and Zomato, which charge a flat fee to boost profitability amid high order volumes and sector cash burn.

Clicktech Snaps Up Amazon India’s Largest Seller Appario

Inc42 · 1y ago

Clicktech Snaps Up Amazon India’s Largest Seller Appario

Amazon India's largest seller, Appario, will be acquired by Clicktech, one of the platform's biggest sellers. This comes as Amazon divests its stake in seller entities to comply with local ecommerce regulations. Appario had become Amazon India's top seller after Cloudtail closed. Meanwhile, Amazon is also acquiring Appario's parent company, Frontizo Business Services, from joint venture partner Patni Group. With this acquisition, Clicktech aims to expand its product offering and grow its presence on the marketplace. Amazon previously announced plans to remove Appario from the platform in 2022 due to protests and regulatory pressures.

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TechCrunch · 1y ago

Apple revises its DMA rules after pressure, but keeps the Core Technology Fee intact

Apple has made some concessions to its controversial "Core Technology Fee" for EU app developers under its new business terms to comply with the Digital Markets Act. Apple will no longer require corporate entities to sign up for the new terms with all sub-accounts, and developers will have the option to switch back to the existing terms under certain circumstances. However, these changes do not address the main complaints about Apple's fee structure and new fees. Larger developers including Spotify and Epic Games have criticized Apple's compliance, while other tech companies have also voiced concerns. Apple has adjusted some terms, but not the fee structure itself.

Amazon India’s e-comm and logistics arms set for merger

Entrackr

Entrackr · 4m ago

Amazon India’s e-comm and logistics arms set for merger

Amazon Seller Services will be the transferee, while Amazon Transport Services will be the transferor. The firm will also determine the share exchange ratio between the two firms, as assessed by PwC, the appointed registered valuer. New Update Amazon Seller Services and Amazon Transport Service are set to merge, according to two sources familiar with the matter, as reported by Entrackr. The e-commerce division has scheduled a meeting with its unsecured creditors on April 14. Amazon Seller Services was launched in India in 2013 as part of Amazon's expansion into the country’s e-commerce market. It operates as the marketplace arm of Amazon India, enabling third-party sellers to list and sell their products on Amazon.in. On the other hand, Amazon Transport Services (ATS) was launched in 2015 in India as Amazon’s logistics arm. It focuses on transportation, delivery, and supply chain management to support Amazon’s e-comm operations. Until now, both entities have operated independently to support Amazon's e-commerce operations in India. Amazon Corporate Holdings Pvt. Ltd. serves as their immediate parent company, while Amazon.com, Inc. (USA) remains the ultimate holding company. Amazon did not respond to queries sent on March 11 until the story was published. Last week, Amazon decided to shut down its refurbished platform Renewed for external sellers, citing increasing challenges. Entrackr was the first to report the development.

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