Amazon Pay gets fresh funding of ₹225 crore
Forum Gandhi
Mumbai May 13 |
Updated on
May 13, 2021
The funds are likely to be used for infrastructure development
Amazon Pay India Private Limited, the online payment business of e-commerce giant Amazon, has received fresh funding of ₹225 crore.
According to financial data accessed by the business intelligence platform, Tofler, the fresh investment has been made by Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius against 22.5 crore equity shares. The significant share has gone to Amazon Singapore which has invested ₹ 224.9 crore.
Last week, Amazon India had raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
Amazon India raises ₹915 crore from parent entities
May 08, 2021
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It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations Amazon India has raised ₹915 crore from its holding company, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company.
According to documents filed with the Registrar of Companies, on April 23, Amazon Seller Services Pvt. Ltd. (ASSPL) raised ₹915 crore against 91,49,57,723 shares and 42,277 shares allotted to, Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited Company respectively. The documents were sourced from Tofler.
Since 2013, Amazon Inc. has committed to invest around $6.5 billion in its Indian operations. In the recent past, Amazon has announced the expansion of its operations network in India. It plans to set up 10 new fulfillment centers, 5 new sortation centers, nearly 200 delivery stations, and over 1,00,000 seasonal jobs to help meet customer demand.
Amazon pumps in Rs 225 crore into payments unit in India to compete with Paytm, Google Pay
The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm
PTI | March 12, 2021 | Updated 13:54 IST
Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents.
The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.
The board has approved allotment of 22,50,00000 equity shares.aggregating to Rs 225 crore to the existing shareholder on rights basis , regulatory documents sourced by business intelligence platform Tofler showed.
Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. The board has approved allotment of 22,50,00000 equity shares.aggregating to Rs 225 crore to the existing shareholder on rights basis ,regulatory documents sourced by business intelligence platform Tofler showed. The shares were allotted to Amazon Corporate Holdings Private Limited and Amazon.com.Incs Limited, the documents filed with the corporate affairs ministry showed. Amazon did not respond to queries. In October last year, Amazon Pay had received over Rs 700 crore, while in January, an infusion of Rs 1,355 crore was made by these entities. Amazon has been pumping in millions of dollars across various operations like marketplace, wholesale and payments business as it looks to strengthen its position in the Indian market.
Amazon infuses ₹225 crore into payments unit Amazon Pay in India
Updated:
Updated:
March 12, 2021 13:22 IST
The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.
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Amazon has infused over ₹225 crore into its payments unit in India, Amazon Pay, according to regulatory documents.
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AFP
The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. Amazon has infused over ₹225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.