MagicalHamster

Amazon India's estd P&L: $21.3Bn in GMV, $5.6Bn in revenue (15% B2C take rate), $0.9Bn annual losses

MagicalHamster · 2024-06-05T22:00:50.533354+05:30

- Overall, Indian eComm is now $120Bn in size - Continues to be Amazon's fastest growing foreign market going into the closing of this year. - FY23 was an impact of Covid baked in growth. - Amazon would be quite okay with losing just $900Mn annually for the opportunity this presents

Overall, Indian eComm is now $120Bn in size
Continues to be Amazon's fastest growing foreign market going into the closing of this year.
FY23 was an impact of Covid baked in growth.
Amazon would be quite okay with losing just $900Mn annually for the opportunity this presents

6mo ago

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DancingDonut

Stealth6mo

If Amazon is 25 billion out of 120 total. Where is the other 95? I would assume Amazon and Flipkart would be 3/4th of ecommerce, no?

MagicalHamster

Stealth6mo

Amazon is 25, Flipkart another 25
Meesho 5. Myntra and Nykaa following it.

Not exacts but those are the rough numbers I know

DancingDonut

Stealth6mo

So its more like 70-75? (Even if you add quick commerce ones, its still additional 5). So, 120 seems a little exaggerated, no?

JazzyBagel

Stealth6mo

Don't they deliberately show losses to avoid taxes?

JumpyBanana

Stealth6mo

Stupidity at its best. Don't listen to people who say this.

When you "show loss" you also need to fund it. The "loss" is an exponentially higher number than the tax to be paid.

No one in their right mind would say, "Oh let me lose $1bn so I don't have to pay $250mn in taxes" UNLESS they have black income.

JazzyBagel

Stealth6mo

That's the difference right? - I said "Showing losses" and not actual loss. They have multiple different revenue stream especially from cloud business that can fund these losses.

SwirlyPretzel

Stealth6mo

What’s the source of this data?

MagicalHamster

Stealth6mo

This isn’t reported by Amazon This is estimates from Barclays

Should not be too off though

GroovyBoba

X (formerly Twitter)6mo

Yea 0.9b is chump change to Amazon. The opportunity to capture a big chunk of Indian e-commerce is huge. They can outlast the competition for years to come and then start making the profits