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Amazon infuses ₹ 650cr in Amazon wholesale
November 30, 2021
Amazon has invested fresh capital to the tune of ₹650cr into one of its India units, Amazon Wholesale India units, according to regulatory documents. Amazon Corporate Holdings Pvt ltd. and Amazon.com.incs Limited have made the ₹650cr investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed.
The date of allotment was October 26, it added. According to the documents, a significant share of the funds (over ₹649.94cr) came from Amazon Corporate Holdings Pvt Ltd.
The fresh funds will provide more arsenal to Amazon in India to strengthen its wholesale B2B business in India.
Amazon has been aggressively investing across numerous units in India.
These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience.
In October, Amazon had also invested fresh capital to the tune of ₹1,460cr into Amazon seller services its marketplace that helps sellers to sell their products online in India and globally.
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