Ecommerce company Amazon infuses Rs 1,600 crore into India entity

E-commerce firm Amazon has infused Rs 1,600 crore into its India entity, Amazon Seller Services, according to the regulatory filings. The funding comes at a time when the company sees meaningful progress in emerging geographies, including India, as it continues to expand its selection and features and move toward profitability.

The regulatory filings are dated 15 April. This is the second time in five months that Amazon has invested money into its India arm, Amazon Seller Services. Before this, Amazon has already infused over Rs 1,000 crore into its Indian entities this year. In February, its marketplace entity received Rs 830 crore. In January, Amazon invested Rs 350 crore in the entity running its fintech unit, Amazon Pay.