US-based Amazon has invested $306m in its Indian business unit Amazon Seller Services (Amazon India).
The funding was infused into the division from the parent company and its Singapore subsidiary Amazon Corporate Holdings.
According to the filings submitted to the Registrar of Companies, Amazon is reported to have invested $1.3bn in Amazon Seller Services for the 2018 financial year.
Amazon India official was quoted by various media sources as saying: “We remain committed to our India business with a long-term perspective to make e-commerce a habit for Indian customers and to invest in the necessary technology and infrastructure to grow the entire ecosystem.
“We are delighted and humbled by the trust from our customers, to lead e-commerce in India.”
Two months earlier, Amazon has invested $446m into its Indian unit, which is said to be the major investment made by the company so far.
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By GlobalDataWith the series of investments into Amazon India, Amazon intends to capture the majority of the online retail segment by providing better seller and consumer experience.
The new investments will be used by Amazon India to construct new warehouses across the country and further enhance product assortments.
