GlowRoad, a leading Social Commerce Platform Acquired by Amazon

INDIA, 21 April 2022 - Our India-based portfolio company GlowRoad, a leading Social Commerce platform has been acquired by Amazon.

(excerpts from Techcrunch)

Amazon has GlowRoad in an all-cash deal as the e-commerce giant makes a bigger push into one of its key overseas markets, a source directly familiar with the matter told TechCrunch.

In a statement, an Amazon spokesperson confirmed the acquisition, saying the move will help the company make inroads with its commitment to digitizing the nation’s 10 million businesses by 2025.

The American giant, which has invested over $6.5 billion in its India operations, added: “Amazon continues to explore new ways to digitize India and delight customers, micro- entrepreneurs and sellers and bringing GlowRoad onboard is a key step in this direction.”

“Together with GlowRoad, Amazon will help accelerate entrepreneurship among millions of creators, homemakers, students, and small sellers from across the country. This acquisition will complement GlowRoad’s already loved service with Amazon’s technology, infrastructure, and digital payments capabilities, bringing more efficiency and cost-saving for everyone.”

GlowRoad sells products to customers at wholesale prices and helps them resell it on Facebook and WhatsApp. It also provides them with logistics network (to help deliver the product) and the ability to collect cash. On its website, the startup says it has built a network of over 6 million resellers who earn on an average of 35,000 Indian rupees ($460) per month.

Earlier this month, GlowRoad said it will expand to some markets in the Southeast Asia region.

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