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Amazon Pay gets a further Rs 225 crore from its parent

Amazon Pay gets a further Rs 225 crore from its parent SECTIONS Last Updated: May 13, 2021, 07:33 PM IST Share Synopsis 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

Amazon Seller Services gets fresh capital infusion of Rs 915 crore SECTIONS Last Updated: May 07, 2021, 10:49 PM IST Share Getty Images 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. Liking this story? SUBSCRIBE We ll soon meet in your inbox. Please wait.

Social media but with an empathy filter

Social media but with an empathy filter Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Unwrapped We ll soon meet in your inbox. / Unwrapped 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 social media to share with their network just how hashtag blessed they are! Result: Many are avoiding sharing any celebratory posts on social networks so as not to seem tone-deaf and insensitive. This includes not broadcasting their promotion or new job updates, fitness goal achievements, chilling in Goa scenes, you get the drift.

Amazon Seller Services gets fresh fund infusion of Rs 915 crore

Amazon Seller Services gets fresh fund infusion of Rs 915 crore SECTIONS Last Updated: May 07, 2021, 08:24 PM IST Share 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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