Amazon has announced the launch of Amazon Business, a new marketplace that caters to need to SMBs in the country. Amazon Business was launched in the US in April of 2015 and is also available in Germany, UK and Japan. The new marketplace comes with access to over 10 crore products and offers GST compliant invoices. Amazon Business claims to serve over one million businesses globally.
Read the complete press release below
Amazon.in announces the launch of Amazon Business (www.amazon.in/business), a new marketplace on Amazon.in to meet the procurement needs of Small and Medium Businesses (SMB) such as technology and service companies, manufacturers, universities, schools and offices.
Through Amazon.in, Business sellers registered with Amazon will provide small and medium businesses with an easy access to over 10 crore products along with GST compliant invoices. SMBs across India can also benefit from technology-led solutions built specifically for businesses, attractive pricing and a convenient shopping experience associated with Amazon.in. They can choose from a range of products including laptops, printers, network storage solutions, electronics, pantry supplies, office supplies, cleaning etc.
Amazon Business will aid in enabling the implementation of GST and tax compliance in India by providing GST compliant invoices for 10 crores+ selection available on Amazon Business. Businesses can now register with Amazon Business with their GST number and thus become entitled to input tax credit (varying between 5% -28% basis different product types). On top of this, the Amazon Business also offers business-specific features like business only pricing, and quantity discount on bulk orders.
Manas Das, Vice President – Infiniti Power Private Limited, a service provider company based out of Noida said “With Amazon Business, we can get all our technology and office supplies at our doorstep along with a GST invoice which helps avail tax credit against our purchases. The selection is vast, at good & transparent prices and covers all our needs and helps get products delivered at your convenience. We have saved on both time and money using the service and the experience so far has been great!”
Manish Tiwary, Vice President Category Management, Amazon India said, “We are very excited to launch Amazon Business in India on the Amazon.in the marketplace itself. With this launch, we now have a fully functional B2B marketplace alongside our thriving B2C marketplace to enable the same benefits for business buyers including a vast selection, value, convenience of doorstep delivery and more. Whether you are a sole proprietor, a buyer or a procurement officer in a small or mid-size company, Amazon Business offers you an easy and convenient access to over 10 crore products which are offered with GST invoices as well as important features like business prices, bulk discounts, doorstep delivery and Amazon’s A-to-Z guarantee. It’s everything you love about Amazon.in, now for Business.”
Amazon Business offers following key features to registered business customers:
Amazon Business has everything customers have come to expect from Amazon:
With this launch, Business sellers who are manufacturers, distributors or Importers, can now expand their reach to thousands of small and medium business customers by registering as a seller on Amazon Business. Existing Amazon.in sellers can upgrade their account to a business account for free at the click of a button. There are already 15000 + business sellers enrolled onto Amazon Business, who offer products with GST invoices. Features available in an Amazon Business B2B seller account are:
Amazon Business was launched in the US in April of 2015 and now serves more than one million businesses customers. Amazon Business launched in Germany in December of 2016, UK in April of 2017 and Japan in September 2017 and with India being launched, Amazon Business is available across 5 countries globally.