Amazon parent invests ₹2,310 cr in Indian unit Back
Amazon.com, Inc. has invested about ₹2,310 crore into Amazon Seller Services Pvt. Ltd, its marketplace unit in India, according to filings with the corporate affairs ministry accessed by Mint.
The fresh fund infusion is expected to push efforts of the US e-commerce giant to grow its seller network in India, where a three-month-long strict lockdown aimed at curbing covid-19 has severely disrupted businesses.
The investment has been made through Amazon Corporate Holdings Pvt. Ltd, a Singapore entity, and Amazon.com, and it was approved by the board of Amazon Seller Services at a meeting on 25 June.
An Amazon India spokesperson declined to comment on the funding.
This is the second investment by Amazon in the Indian marketplace this year. In January, the company infused over ₹2,500 crore into Amazon Seller Services and Amazon Data Services India, Mint had reported.
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