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Kishan Kabra
•

Guava Trees Softech Pvt • 3m

🚨Amazon India reported operating revenue of about ₹222 billion , which was a significant increase from 2021 & 2022 (₹214.62 each year) ₹187 billion directly from marketplace services in 2022. ❓Why is it still not postive in profitability after offering vast service: cashbacks, festival, offers, association with banks on cards, prime, prime shorts, etc.? Vs Softbank-backed Meesho said it became the first e-commerce unicorn to post consolidated profit after tax in the second quarter ended September 2023. The company did not disclose the amount of profit it earned in the July-September period. During the first-half period of the current financial year, the company reported narrowing of losses to Rs 141 crore and an increase in revenue by 37 per cent on a year-over-year basis to Rs 3,521 crore.

11 replies9 likes

Replies (11)

Varun Bhatia
•

My Student Club • 3m

The reason might be they don't want to show profits, they would pay royalty and other charges in different names to the parent company where they will have to pay less taxes while Indian tax rates are quite high.

0 replies1 like

Anonymous 5

Stealth • 3m

Amazon's profits might be hiding somewhere in the delivery truck, stuck in traffic like the rest of us in Bangalore!

1 replies

Anonymous 4

Stealth • 3m

Scale or operations is what might be the reason.

1 replies

Anonymous 3

Stealth • 3m

It's shocking to see how Meesho which started late (compared to amazon), doesn't charge any fees, has less aov and also doesn't have ajy other service like prime, etc could get profitable. Something is surely wrong

1 replies

Anonymous 2

Stealth • 3m

It's shocking that even with such massive revenue, Amazon India still can't turn a profit. Maybe they’re spreading themselves too thin.

1 replies

Anonymous 1

Stealth • 3m

Focus on long-term growth and reinvestment in customer experience justifies its current lack of profitability. They're playing the long game!

1 replies

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