Amazon gets ₹4,400-crore investment

Our Bureau Bengaluru | Updated on October 29, 2019

Amazon Corporate Holdings has pumped in around ₹4,400 crore into three of its entities in India.

These include, an investment of ₹3,400 crore into the Amazon Seller Services, the e-commerce platform of the company; ₹900 crore into Amazon Pay, the online payment processing services, and another ₹172.5 crore into Amazon Retail, according to documents accessed by data intelligence platform,

In another filing, Amazon Seller Services’ losses for 2018-19 was ₹5,685 crore, which was about 9.5 per cent lesser than the previous year. Its revenues for the same period grew 55 per cent to ₹7,778 crore over the previous year.

But the total loss incurred by its various entities was over ₹7,000 crore.

Published on October 29, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like