Amazon Seller Services, the online marketing platform as an e-commerce giant, reported Rs 21,633 crore as revenue for FY22, a 32 per cent jump since the last financial year, FY21. As per regulatory documents, the company’s net loss is Rs 3,649 crore. Last year it decreased by 23 per cent. The company’s total expense for that fiscal year was Rs 25,283 crore. In FY22, the company’s total revenue reported at Rs 2,052 crore jumped to 16 per cent. 

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According to Tolfer, a net loss of Amazon Pay also reported Rs 1,741 crore in the same fiscal year compared with last year’s increase of 15 per cent. The total expenses for that fiscal year were Rs 3,793 crore. All new sellers are registered with Amazon India between August 28 and October 26, said to Amazon India. Also, all the sellers who were launched within 90 days of registration shall be eligible to avail 50 per cent waiver on selling fees in all categories.

“This festive season, our focus continues to be on sellers potentially maximizing their success while endeavouring to provide our customers unmatched value and the convenience of shopping from anywhere, anytime,” said Vivek Somareddy, Director of Fulfillment Channels at Amazon India.