Amazon acquires e-commerce enabler Selz


San Francisco, Feb 17 (IANS): Amazon has quietly acquired Selz, an Australia-based e-commerce platform that helps businesses to have their own online stores.

"We have signed an agreement to be acquired by Amazon and are looking forward to working with them as we continue to build easy-to-use tools for entrepreneurs," Martin Rushe, CEO and Founder of Selz, said in a blog post.

"Nothing is changing for our customers at this time, and we'll be in touch with customers as and when we have further updates."

An Amazon spokeswoman confirmed the acquisition without disclosing the terms of the deal, CNBC reported on Tuesday.

Amazon made the acquisition on January 15, but it did not make it public.

The acquisition of Selz could give Amazon an edge over e-commerce enabler like Shopify which has seen its business flourishing during the pandemic as e-commerce grew due the restrictions related to Covid-19.

It also shows Amazon's efforts to build the e-commerce ecosystem at a time when the company's third-party marketplace where merchants need to pay commissions on sales besides delivery fees, continues to thrive.

Amazon earlier used to run a service similar to Shopify, called Amazon Webstore, a platform that allowed companies to leverage Amazon technology and expertise in building and managing their direct-to-consumer business.

But Amazon Webstore was shut down in 2015.

  

Top Stories


Leave a Comment

Title: Amazon acquires e-commerce enabler Selz



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.