Amazon pumps over Rs 4,400 crore across Indian units

US online retail company Amazon has made an investment of Rs 4,472 crore in three of its India units. The investment is made after the company reported a 9 percent drop in losses from its main Indian marketplace as on the fiscal year that ended March 31, 2019.

Amazon

Amazon Seller Services, the marketplace wing, received an investment of Rs 3,400 crore. Earlier to this latest infusion, the unit had got Rs 2,800 crore in the first nine months of the current calendar year.

Of the remaining infusion, payments subsidiary Amazon Pay received Rs 900 crore and Amazon Retail, single-brand food retail business, got Rs 172.5 crore.

The fresh investment elevates Amazon’s total investment in Amazon Seller Services this year to Rs 6,200 crore, which is still lesser than Rs 9,450 crore that the company invested into the unit in 2018. Investments in the unit since 2012 is around Rs 33,521 crore or $4.73 billion as per the current exchange rate.

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