Amazon Seller Services gets fresh fund infusion of Rs 2,310 crore from parent

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 2,310 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdings and Amazon.com.inc have made the Rs 2,310 crore investment in the unit, documents filed with the corporate affairs ministry showed.
The board of directors of Amazon Seller Services passed the resolution at their meeting on June 25, 2020.
E-mails sent to Amazon India seeking comments on the fund infusion did not elicit a response.
According to financial data accessed by business intelligence platform Tofler, a significant share of the funds (Rs 2,309.8 crore) came from Amazon Singapore.
The fresh funds will provide more arsenal to Amazon in India as the company has been aggressively investing in expanding infrastructure and adding solutions to enhance consumer and seller experience.