Amazon Business corporate gifting store sees 134% growth in festive sale

Amazon Business saw a huge surge in corporate gifting during the first 10 days of the Great Indian Festival, with sales growing 134% year-over-year. This jump reflects a rise in both the number of orders (up 95%) and new customers (up 107%).

Agencies
Amazon's B2B marketplace Amazon Business on Friday said it has recorded a 134 per cent growth year-on-year in its corporate gifting store in the first ten days of Amazon Great Indian Festival 2024. A 95 per cent increase in total orders and a 107 per cent rise in customers making a purchase was witnessed during the period, a company statement said.

The Amazon Great Indian Festival sale commenced on September 27, 2024, with Prime members getting a 24-hour early access window.

Kitchenware emerged as the most gifted category with mixer grinders and juicers emerging as the most gifted items showing 5.5x year-on-year growth, Amazon said.


Headphones and speakers were the most popular tech gifting items whereas chocolates, dry fruit, and tea-coffee hampers were in the snacks and sweets category.

"The remarkable growth of our corporate gifting store this festive season highlights the rapid adoption of e-procurement across India.

This surge reflects both the convenience of online gifting and the evolving needs of modern businesses," Suchit Subhas, Director at Amazon Business, said.
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Launched in 2017, Amazon Business is a business-friendly marketplace on Amazon.in established to meet the business-procurement needs of different institutions such as hospitals, clinics, manufacturers, universities, schools, NGOs, government bodies and offices.

It features over 8,500 GST-enabled products and corporate gifting options.
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