Companies

Amazon invests ₹2,700 cr in India operations

Our Bureau Bengaluru | Updated on August 13, 2018 Published on August 13, 2018

AMIT AGARWAL Senior Vice-President and Country Head, Amazon India   -  BL

Amazon, the world’s largest e-commerce player, has invested ₹2,700 crore in its Indian operations, which completed five years in July.

The fresh infusion of funds comes months after the US-based retail giant Walmart acquired Amazon's Indian rival, Flipkart.

Amazon India country head and senior vice president Amit Agarwal had told BusinessLine recently that the parent would not hold back from further investments in the Indian operations.

The investments were made into Amazon Sellers Sellers Pvt Ltd, the marketplace set up for sellers to sell online in India and internationally, according to business intelligence platform paper.vc.

An additional ₹100 crore was invested in Amazon Retail India, as per paper.vc.

Amazon.in, which leads the e-commerce industry in India, has recently come out with several initiatives to boost sales. It continues to invest in logistics and technology to help sellers reduce costs. It has several private labels to give customers access to a greater selection.

Published on August 13, 2018
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