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It does shopping, lets you watch web shows and streams music too, but Amazon in India is not even close to stopping its business expansion.
The online retailer, in partnership with Bookmyshow, now lets users book movie tickets across the country. Doing this puts Amazon up against Paytm, which is the second biggest movie booking platform, after Bookmyshow (BMS) in India.
The exclusive partnership between Amazon and BMS is likely to thwart Paytm’s efforts. Amazon is also offering cashbacks to lure consumers. The feature is available within the main Amazon app. Here’s how the process works on the platform.
It’s interesting that Amazon has added a "movie tickets" section in the "Shop by Category" area, but there is no special space for it on the main page of the app. Just like how it works on BMS, one has to pick a city, select the movie you want to watch, grab the best seats and pay for them.
The section even says the feature is powered by BookMyShow, giving them access to Amazon’s user base in India, and also manages to offer cash backs, which wasn’t possible till now.
The online-shopping market is expected to grow at a significant pace in India over the next few years. According to a joint report from EY-FICC on the media and entertainment industry earlier this year, the sector in India is pegged to reach 33.6 billion by the end of 2021, with a heavy percentage of movie bookings now done via online platforms.
So it’s easy to see why Amazon is making this move, that too with a brand like BookMyShow.
But this isn’t the only major decision made by the company in the past few months.
Amazon is gradually entering into the highly competitive food delivery market as well. In this arena, it will compete with Swiggy and Zomato among others.
The term "super app" has been used repeatedly throughout this year and Amazon is shaping up to form another of those, rivaling Paytm and Flipkart among others.
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