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US online retail giant Amazon has invested Rs 6,200 crore (approx $1 billion) in its e-commerce business in India since the beginning of this calendar year, as it looks to compete with cash-flush rival Flipkart.
Amazon Seller Services Pvt Ltd, the largest arm of the US company here, has seen three rounds of capital infusion this year. The largest round of Rs 2,900 crore came in at the end of September, according to documents filed with the Registrar of Companies.
The investments bring the total amount pumped into Amazon’s Seller Services arm so far to Rs 17,839 crore (approx $2.7
