Amazon Seller Services gets fresh fund infusion of Rs 915 crore
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Last Updated: May 07, 2021, 08:24 PM IST
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Synopsis
Amazon Corporate Holdings and Amazon.com.inc have made a Rs 915 crore investment in the unit, as per documents filed with the corporate affairs ministry and accessed by business intelligence platform Tofler.
AFP
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units - Amazon Seller Services, according to regulatory documents. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani s JioMart.
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