Chennai: Forward of Diwali, e-commerce big Amazon infused Rs 1,460 crore into certainly one of its India models, Amazon Vendor Companies.
Amazon Company Holdings Pvt Ltd, Sing-apore and Amazon.com Inc Ltd, Mauritius have made the Rs 1,460 crore funding within the unit, paperwork filed with the company affairs ministry and shared by market intelligence agency Tofler confirmed.
The recent funds had been meant to help Ama-zon compete towards rivals like Flipkart. Amazon additionally has been aggressively investing in increasing infrastructure and including options to boost shopper and vendor expertise.
The Nice Indian Pageant of Amazon had helped over 8.5 lakh sellers place their merchandise on-line. Final month, Amazon had additionally infused Rs 1,000 crore into Amazon Pay.