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Amazon pumped INR 650 Cr in its wholesale unit in India during festive season

Shortpedia

Content Team
Image Credit: goodwordnews

US-based ecommerce giant Amazon has infused fresh capital of INR 650 Cr (approx $87 Mn) into Amazon Wholesale (India), according to regulatory documents. This comes shortly after it infused INR 1,000 Cr in its Indian payment arm – Amazon Pay early November. According to the regulatory filings, Amazon Corporate Holdings Pvt Ltd and Amazon Inc have made significant investments in the Wholesale unit, on October 26, 2021.