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  Amazon India on Wednesday said that over 10 lakh sellers are now selling on its e-commerce platform from across India. The company had started in India in 2013 with 100 sellers and has today grown to be the preferred online destination for sellers across India. Notably, more than 90 per cent of the sellers on Amazon are small and medium local businesses (SMBs) and over half of these sellers on the marketplace come from tier 2 and tier 3 cities. Since January 2020, more than 4.5 lakh new sellers have joined Amazon and over one lakh of these new sellers are local offline retailers & neighbourhood stores that have onboarded the Amazon marketplace through the 'Local Shops on Amazon' program. Click Here

  Glance, a subsidiary of InMobi Group and owner of video-sharing social media platform Roposo, on Monday said it is acquiring full stack e-commerce platform Shop101 for an undisclosed sum. Shop101, founded by Abhinav Jain, Aditya Gupta and Kalpak Chhajed in 2015, is a full stack e-commerce company that brings a network of 10 million resellers and 10,000 supplier partners together, serving customers across over 2,000 towns across the country. The acquisition will provide Glance and Roposo end-to-end capability for launching celebrity and influencer-led Live commerce, as the company looks to transform mobile shopping experience for consumers globally, it said in a statement. "With Shop101's technology, partners and hugely talented team, we are in a great position to create this new form of mobile commerce at a global scale," said Piyush Shah, Co-Founder, InMobi Group, and President and COO. Click Here