Business Standard

Saturday, February 08, 2025 | 12:15 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Ahead of the festive sale, Amazon pumps Rs 1,125 crore into its India unit

The infusion would help the e-commerce giant to take on its rivals including Walmart-owned Flipkart and Reliance's JioMart in the upcoming festive season

Amazon
Premium

This month Amazon and private equity firm Samara Capital also jointly invested over Rs 275 crore in Witzig Advisory Services, holding firm of the More supermarket chain.

Peerzada Abrar Bengaluru
Amazon has invested Rs 1,125 crore into its India marketplace unit. The infusion would help the e-commerce giant take on its rivals, including Walmart-owned Flipkart and Reliance’s JioMart, in the upcoming festive season.

The company’s online marketplace arm, Amazon Seller Services Private Limited, has received the infusion from Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius, according to the documents filed by Amazon, which were sourced from business intelligence platform Tofler. The infusion was done by allotting 1125 million equity shares to the investors at a nominal amount per share of Rs 10.

According to analysts, this

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in