Bigger India
Amazon injects another $306 mn into Indian arm
The latest investment comes a little over two months after Amazon’s Indian unit received Rs 2,900 crore ($446 million), its single largest infusion into the country’s operations till date.
Amazon Seller Services Pvt. Ltd, the local arm of Amazon.com, has received another Rs 1,950 crore ($306.3 million) as the global e-commerce giant continues its quick pace of investments in the country, filings with the Registrar of Companies show.
Amazon Inc. and its Singapore-based division, Amazon Corporate Holdings Pvt Ltd, made the investment in the Indian arm, the filings stated.