Food
Amazon India has received a massive $189 million cash injection from its US parent.
It marks the biggest capital inflow into Amazon Seller Services in India since the brand made its debut in the nation in 2013.
Five months ago the parent invested a $177 million taking the total to $460 million.
“We are very excited by our growth and continue to invest in technology, especially mobile, infrastructure and logistics to support seller capability in order to deliver value to our customers,” an Amazon spokesman said.
Amazon founder Jeff Bezos is on record saying he was prepared to invest up to $2 billion into Amazon India because he is confident about the eCommerce giant’s future prospects in the fast-developing market.
The company now has 21 fulfilment centres, the newest near Pune City boasting 55,000 sqft.
Rival Flipkart plans to raise $1 billion from investors, following a $700 million funding round in July. And Snapdeal reportedly raised $500 million in collaboration with Alibaba.
