Business Standard

Amazon global loss tops $2 bn in Jan-Sept period on India investments

Amazon founder Jeff Bezos has committed investments to the tune of $5 billion for the Indian market


PTIBS Web Team
Amazon is burning its hands in the Indian market as its losses more than doubled to $2.1 billion in the January-September period year-on-year, the Times of India reported. In the corresponding period last year, it had incurred a loss of $800 million.
As reported by Business Standard earlier, the US e-commerce giant has pumped in about Rs 62 billion in the Indian market in the first nine months of the previous calendar year. 

The Jeff Bezos-led company has infused fresh capital to the tune of Rs 19.5 billion into its India unit, Amazon Seller Services to strengthen the

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First Published: Jan 30 2018 | 10:47 AM IST

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