Amazon India Terms Redseer Report On Festive Season Speculative, Consultant Says Independent Research
Amazon said that the first 12 days of the Amazon Great Indian Festival received the highest ever orders.
E-commerce player Amazon India on Thursday called the report of Redseer Strategic Consulting on festive season sale numbers as "speculative which lacks transparency", while the consulting firm defended it as an independent research.
The Redseer report showed that the Flipkart Group, including Myntra, Shopsy etc, maintains its leadership position, while Softbank-backed Meesho pipped Amazon to become the second-largest contributor in order volume.
Amazon said that the first 12 days of the Amazon Great Indian Festival received the highest ever orders.
"We cannot comment on speculative reports without robust and transparent methodology especially as these have not been shared with us. We witnessed the highest ever start to the event in the first 48 hours, with 8 times sales as compared to the average business days. This response is reflected across all categories and we have overall seen a substantial increase in visitors vs 2021," Amazon India spokesperson said.
Reacting to Amazon India's remark, Redseers said that the report is based on "an independent research and analysis" done every year.
"While we make efforts to reach out to all major players about this exercise as well as encourage them to engage, some of them have not responded while others have. We generally do not share the results with platforms who do not wish to engage or participate in our research or discussions," Redseer said.
Redseer reports estimates that e-commerce firms have registered a 27% growth, clocking sales worth Rs 40,000 crore, during the recently concluded seven-day festive season sale.
According to the report, Flipkart Group led the festive sale 1 with around 62% share in terms of gross merchandise value (GMV) followed by Amazon with GMV of around 26%.
"In terms of order volume, the Flipkart group leads the market with about 49% share and Meesho ranks second with about 21% order share," the report said.