Amazon’s daily essentials biz growing at 28% annually

Amazon’s Daily Essentials business is emerging as one of the company’s most important growth engines in India, both in scale and strategic value, Nishant Raman, director – everyday essentials, Amazon India, told FE.

“Over the past four years, it’s been growing. If I look at year-to-date trends, the business, all formats put together, is growing at about 27-28% at our very large scale. Everyday Essentials would easily cater to more than a third of units sold on Amazon,” he said.