Amazon

Amazon will close its Android app store on August 20. Developers have been told they can no longer submit new apps to the store. 

Amazon has started testing its quick commerce service, Amazon Now, in Bengaluru as competition grows. 

Insiders say Amazon has been losing market share in key e-commerce areas, even as it gets ready to launch a new quick commerce service called Tez in January 2024.

Amazon India has acquired a 38.18-acre land parcel from Lodha Group for ₹450 crore to build a hyper-scale data center in Palava, near Mumbai. The acquisition by Amazon Data Services India will allow the development of nearly 4.16 million sq ft of space.

The plan for Amazon's quick commerce service will be reviewed in early December, just before its annual Smbhav event. The India grocery and essentials team calls it a "ground-up initiative" for a fast-growing e-commerce market.

People associated with the Amazon Influencer Program can use it for simplified content creation, robust analytics, personalised product recommendations and improved monetisation.

GooglePay, PhonePe (supported by Walmart), and AmazonPay are three of the five payment companies vying to participate in the Indian central bank's digital currency trial.

As part of its plan to diversify its offerings in India, where the video streaming service industry is expanding rapidly, Amazon has agreed to purchase MX Player.

In Amazon Global Selling’s Propel Startup Accelerator Season 4, select Made in India brands will get a shot at funding from VC partners, receive dedicated support to launch internationally, and stand to win total rewards worth over $1.5 million.