Amazon has invested an additional Rs 130 crore ($20.17 million) into its payments arm Amazon Pay (India) Pvt. Ltd., as per regulatory documents filed with the Registrar of Companies that MediaNama has reviewed The investment was made in June through Singapore-based Amazon Corporate Holdings Pvt. Ltd. and Amazon Mauritius. This after infusing Rs 67 crore ($10.46 million) into Amazon Pay, in May this year. Over the last couple of months, Amazon has also invested: Rs 341 crore into the B2B arm of Amazon India, Amazon Wholesale (India). 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. Rs 207 crore into Amazon India’s logistics arm Amazon Transportation Services (ATS). Currently, Amazon’s total investment commitment in India stands at $5 billion: the $3 billion announced in June 2016, plus…
- PrivacyNama Session: Privacy and Competition; October 7 October 4, 2022
- PrivacyNama Session: Consumer Expectations of Privacy in Commerce and Advertising; October 6 October 4, 2022
- Why did VideoLAN send a legal notice to the Indian government? October 4, 2022
- PrivacyNama Session: Data Protection Regulator Roundtable; October 7 October 4, 2022
- Indian government issues advisory prohibiting surrogate ads by betting platforms October 4, 2022
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