Amazon’s India Marketplace Unit Receives INR 915 Cr Investment From Parent Firm
Image Credit: shortpedia
Amazon Seller Services, the marketplace unit of the US-based ecommerce giant Amazon, has received a capital infusion of INR 915 Cr, documents with the Registrar of Companies showed. The investment was led by Singapore-based Amazon Corporate Holdings, with participation from the parent entity Amazon.com Inc. Both were allotted a combined 915 Mn equity shares at a value of INR 10 per share. The news was first reported by ET.