The Seattle based Amazon Company has supposedly shut down online items discovery platform, Junglee. This was started in February, in the year 2012, almost a year before Amazon.in came into continuation, Junglee signifies the worldwide e-commerce giant’s primary steps in the Indian market which is considered as the booming industry. The online items discovery service has been incorporated into Amazon India and will hereafter be an integral part of Local Finds, a stage launched authoritatively this July in the year 2017 for patrons to find and put up for sale the used and new products.
Commenting on the growth, a spokesperson from Amazon stated, “We make the peer-to-peer online shopping, selling and advertising experience throughout Junglee and incorporated it into Amazon.in, in the course of Local Finds to recommend a flawless shopping experience on an amalgamated platform.” She further stated, “Through our pilot, we came to know that in all cities we have clientele who have little products to endorse and sell – a few want to get price for their used items and products, others are usually creators, hobbyists, and local entrepreneurs, who require finding the correct consumers for what they collect or make.
With Local Finds, we aspire to impeccably connect with the sellers and buyers, assist them quickly list and find out each other’s items and manage tension-free with payments, delivery, and customer service assisted by Amazon.” Local finds at present claims to supply to around 55,000 customers in numerous cities across the country. Founded by the Silicon Valley based talented tech entrepreneurs like: Venky Harinarayan, Anand Rajaraman, Ashish Gupta and Rakesh Mathur back in the year 1996, Junglee was later attained by Amazon beside PlanetAll. The deal was roughly valued at $285 Mn.
Having assigned over $6 Bn for India, Amazon is actually looking to cast a bigger net in the country in the course of its e-commerce trade as well as the beginning of latest products and services. By actually pulling the shutters on the Junglee, the most eminent leader Jeff Bezos has led the business and company which is likely looking to slash down on losses and break even, amidst augmented rivalry from rivals Paytm and Flipkart.