Is Amazon Turning Into A Threat For Its Sellers?


May 14, 2019

Written By Nishant Sharma

Amazon’s private label model, led by AmazonBasics, doesn’t violate E-commerce FDI norms in India. (Photographer: Simon Dawson/Bloomberg)

Solimo, Symbol, Myx, Vedaka and Presto.You may have bought products from these brands on Amazon India. But what you may have missed is that these, and many other labels, are owned by Amazon Inc. itself.The world’s largest online retailer brought its AmazonBasics label to India in 2015. It launched another brand Solimo, offering home appliances and household items, the same year. The company now sells 10,000 products, including clothi…

Source: bqprime