Amazon
Founded by Jeff Bezos on July 5, 1994, Amazon is an American multinational technology company which originally began as an online bookstore. Today, it has expanded its scope of products and services, becoming one of the world's largest technology companies.
At present, it is led by Andy Jassy, who succeeded Bezos as the CEO after the latter resigned in 2021.
Amazon's primary business is its online marketplace, where it sells products in various categories such as electronics, books, apparel, home goods, and more.
In 2005, Amazon introduced its subscription service, Amazon Prime, which offers benefits like free two-day shipping, access to the OTT platform Amazon Prime Video, ad-free music streaming, and more. In 2006, Amazon launched its cloud computing platform, Amazon Web Services (AWS).
In 2007, Amazon introduced the Kindle e-reader, which revolutionised the way of reading digital books, newspapers, and magazines. Providing access to a wide range of e-books and digital content, the Kindle ecosystem allows users to purchase and read digital books, newspapers, and magazines on a portable device.
Alongside this, Amazon has also developed two intelligent virtual assistants called Alexa and Echo. These devices can perform tasks, interact with users through voice commands, control smart home devices, play music, and more.
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FMCG
Scale or sale: D2C brands feel the FMCG pull as consolidation in the sector grows
Akshita Toshniwal | January 17, 2025
Minimalist and Wow Skin Science are among the latest digital-first brands either seeking or having already been acquired by traditional FMCG companies aiming to expand their portfolios with niche, youth-focused brands.
News
Amazon to acquire BNPL startup Axio
Akshita Toshniwal | January 16, 2025
This marks Amazon's second acquisition in the financial services space after acquiring Delhi-based Emvantage Payment in 2016 for an undisclosed amount.
News
Shoppers unhappy with poor return policies, counterfeit goods on ecommerce platforms: Report
Akshita Toshniwal | January 16, 2025
About one-third users are not happy with any quick commerce platform's return guidance. Bigbasket is most preferred platform while Zepto trends with lowest preference among users.
Interview
AI will propel us to our billion-dollar dream: Freshworks CEO Dennis Woodside
Bhuvana Kamath | January 16, 2025
In his first-ever interaction with YourStory after taking the reins of Freshworks from Girish Mathrubootham, CEO Dennis Woodside discusses the SaaS company’s strong presence in India, his ambitious bets on AI, and the lessons he learned from the founder.
Artificial Intelligence
ChatGPT’s Task Feature: A reminder buddy that never forgets
Aasma Khan | January 15, 2025
Meet ChatGPT's new feature Tasks that will help you remember your to-do list and deadlines for you. Here's how you can use it to boost productivity.
Announcement
Partnering for innovation: AWS Bharat Innovators Series’ webinar on Generative AI’s role in transforming public services
Surya Kannoth | January 15, 2025
💡 Transforming Public Sector with Generative AI AWS is leading the way in AI-powered public sector transformation. Join our webinar with AWS leaders to explore how AWS is partnering with organizations to enhance services, governance, and citizen engagement. 🗓️ January 30, 2025 | 3:00 PM IST
FinTech
NPCI wants it, but can WhatsApp Pay upend India's crowded UPI space?
Sohini Mitter | January 15, 2025
WhatsApp Pay has been a laggard when it comes to UPI, and the reasons are not just regulatory. Now, with all caps removed by the payments regulator, it has a licence to kill. However, without a top-tier product, it might find it hard to go up against consumer habits and the PhonePe-GPay duopoly.
News
Amazon unveils new village development projects in Telangana
Saranya Chakrapani | January 13, 2025
They include a public park, an RO water purifier system, refurbished buildings for a health sub-centre and a SHG resource centre for local women.