US-Based Amazon Pumps In INR 450 Cr In Amazon Pay India inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Amazon Pay gets a further Rs 225 crore from its parent
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Last Updated: May 13, 2021, 07:33 PM IST
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This takes the total fund infusion in Amazon Pay to Rs 450 crore so far this year as the Jeff Bezos-led e-commerce company continues to push its digital payments platform in India.
AFP
Amazon Pay houses a digital wallet and is also expanding its UPI-based digital payments tool among users in India.
Bengaluru:Amazon Pay has received a capital infusion of Rs 225 crore from its US parent through a Singapore unit, latest regulatory filings sourced from business intelligence platform Tofler showed.
The digital payments arm of Amazon India had in March
Amazon Seller Services gets fresh capital infusion of Rs 915 crore
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Last Updated: May 07, 2021, 10:49 PM IST
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Amazon Seller Services, the marketplace unit of the US-based e-tailing giant Amazon, has received a fresh capital infusion of Rs 915 crore (approx. $125 million), documents filed with the Registrar of Companies showed.
The investment was led by Singapore-based Amazon Corporate Holdings, with a token investment being made by the parent entity Amazon.com Inc, both of which were allotted a combined 915 million equity shares at a value of Rs 10 each.
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This is Shephali, ETtech’s culture reporter.
Amid the devastating second wave of Covid-19, a lot of people in urban India are being considerate of the grief that has struck people around them, even as they are tempted to take to
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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.