E-commerce major Amazon on Monday officially launched its wholesale business-to-business platform amazonbusiness.in. The business which was in the beta stage since May and a members-only operation, is now live and has been thrown open to all sellers in Bengaluru and Mangaluru. Eventually it will be rolled out nationally.
In this business, Amazon will be the seller, purchasing directly from the manufacturers. Amazon has tied up with ICICI and HDFC that offers interest-free-credit for up to 48 days to meet the working capital needs of the businesses.
In a press conference held on Monday, Kaveesh Chawla, general manager of Amazonbusiness.in said, “We have received an overwhelmingly positive response from businesses in Bengaluru.”