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Amazon India’s wholesale arm gets a further Rs 341 crore investment

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Amazon has invested a further Rs 341 crore into its Indian subsidiary Amazon Wholesale (India), which is the B2B arm of Amazon India, reports ETtech. The investment was made in May through Singapore-based Amazon Corporate Holdings Pvt. Ltd. and Amazon Malaysia. Earlier this week, Amazon infused an additional Rs 1680 crore into Amazon Seller Services Pvt. Ltd., as part of the $3 billion the company committed to infusing into its India unit in June last year. This latest round of investment is the fourth tranche of funds infused into the wholesale unit over the past 12 months or so, bringing the total investment to Rs 716 crore. The earlier investments were: Rs 115 crore invested in June 2016. Rs 160 crore invested in September 2016. Rs 100 crore invested in December 2016. Amazon Wholesale (India) was set up in 2013 and runs the company’s B2B…

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