Industry

Amazon unit gets ₹1,125-cr. festive boost

The infusion will provide ammunition to Amazon to compete aggressively against Flipkart and JioMart in the festive season.   | Photo Credit: AP

U.S.-based e-commerce giant Amazon has infused fresh capital to the tune of ₹1,125 crore into one of its India units, Amazon Seller Services, according to regulatory documents.

The infusion will provide ammunition to Amazon to compete aggressively against Flipkart and JioMart in the festive season. Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc. Limited, Mauritius pumped in ₹1,125 crore into Amazon Seller Services, documents sourced by business intelligence platform Tofler showed.

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Printable version | Oct 23, 2020 3:00:32 PM | https://www.thehindu.com/business/Industry/amazon-unit-gets-1125-cr-festive-boost/article32726001.ece

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