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Exclusive: Amazon shuts down refurbished platform Renewed

EntrackrEntrackr · 5m ago
Exclusive: Amazon shuts down refurbished platform Renewed
Medial

Exclusive: Amazon shuts down refurbished platform Renewed Amazon has decided to shut down its refurbished platform, Renewed, citing increasing challenges. The e-commerce giant has informed sellers of the immediate discontinuation of the service via email. Entrackr has reviewed the copy of the email. “We have made the decision to discontinue selling external refurbished products on Renewed due to high returns/rejects and the Contacts per unit impacting customer experience. Please stop inbounding any inventory to FCs and scheduling pickups from your SF location starting 7th March 2025. We understand this may be disappointing and would like to thank you for your partnership,” Amazon said in a note to sellers. Launched in 2017, Amazon Renewed is a platform where customers can buy refurbished, pre-owned, and open-box products that have been thoroughly inspected and tested to ensure they function and look like new. It offers a variety of items, including smartphones, laptops, tablets, cameras, and home appliances. Meanwhile, Newjaisa, a publicly listed company that used to sell on Amazon, has written to the NSE stating that the shutdown will impact them in the short term. However, Newjaisa is actively collaborating with other retailers to mitigate the effects. According to sources, over 50% of Newjaisa’s revenue came from Amazon Renewed. Entrackr has reached out to Amazon for comments. Amazon Renewed was a direct competitor to Yaantra, which was acquired by its arch-rival Flipkart for an undisclosed sum in January 2022. It’s worth noting that Amazon has also tied up and invested in Cashify, a prominent Indian re-commerce platform specializing in the buying and selling of used electronic devices. With the shutdown of Amazon Renewed, the refurbished space is left with these two prominent players.

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

EntrackrEntrackr · 5m ago
Amazon India’s e-comm and logistics arms set for merger
Medial

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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