E-commerce player Amazon has further invested Rs 1,350 crore (~200 million) in its India unit, registrar of companies data accessed by Medianama showed.. The development was first reported by the Economic Times. The Indian subsidiary. Amazon Seller Services, allotted 150 crore shares of face value of Rs 10 to Amazon Asia-Pacific Resources Private Limited and Amazon Eurasia Holdings. Amazon added funds worth Rs 1,980 crore (~ $290 million) into its Indian business unit in February. In 2014, Jeff Bezos, founder and CEO of Amazon, pledged $2 billion in India, to support its growth and improve the customer & seller experience in the country. With this, Amazon has invested Rs 8,618 crore in India. The company continues to underscore that India is a key focus. In a recent call with analysts CFO Brian Olsavsky said that Amazon will be increasing investment in India “on…
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- PrivacyNama Session: Privacy, Children and Access to Services; October 6 October 3, 2022
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