Amazon, the Seattle-based ecommerce giant, has infused fresh capital to the tune of Rs 1,125 crore into one of its India units — Amazon Seller Services.
The fresh infusion will provide more ammunition to Amazon to compete aggressively against Walmart-owned Flipkart and billionaire Mukesh Ambani-run Reliance Industries' JioMart in the upcoming festive season.
Amazon Corporate Holdings, Singapore, and Amazon.com Inc, Mauritius, have pumped in Rs 1,125 crore into Amazon Seller Services, regulatory documents sourced by business intelligence platform Tofler showed. Amazon Seller Services allotted equity shares to these entities for the said transaction on September 17, 2020.
In June this year, it had pumped in fresh capital to the tune of Rs 2,310 crore into Amazon Seller Services. In January, Founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online. Previously, the online retail giant had committed $5.5 billion investments in India, one of Amazon's most important markets outside of the US, and a key growth driver.












