Amazon Pay India’s revenue grows 29% YoY to Rs 1,769 crore in FY21

Amazon Pay (India) Private Limited, the digital payments arm of the e-commerce firm, reported its revenues for the financial year 2020-21 as Rs 1,769 crore. This is a 29 per cent jump since the last financial year, show regulatory documents sourced from business intelligence platform Tofler. The company further reported a net loss of Rs 1,516 crore during the same fiscal. This is a 19 per cent decrease from the last financial year. The company’s total expenses for the fiscal were reported as Rs 3,285 crore.

According to Tofler, online retailer Amazon has also invested Rs 1000 crore in Amazon Pay (India). The funding came from Singapore-based Amazon Corporate and Mauritius-based entity Amazon.com.Amazon Pay got the capital infusion on October 20, by offering 100 crore equity shares.