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Amazon India’s logistics arm gets Rs 207 crore to expand warehouse network

Amazon India's logistics arm Amazon Transportation Services (ATS) has received Rs 207 crore worth of funding from Singapore-based Amazon Corporate Holdings and Amazon Malaysia, reports The Economic Times. The report also mentions that this is the second tranche of funds infused into the company's logistics arm in less than a year: it had received Rs 67 crore in September 2016. This news comes at a time when Amazon is increasing its reach by adding new fulfilment centres across the country, and steadily expanding its grocery and household item delivery service, Amazon Pantry: Last month, the company said it is doubling its storage capacity in the country by setting up seven new fulfillment centres by the end of the current quarter (Q2 2017). The new fulfillment centres will be set up in Telangana, Haryana, Maharashtra, Madhya Pradesh, Uttar Pradesh and Andhra Pradesh, and are…

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