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Amazon roundup: Logistics arm investments, smartphone biz growth and more

Amazon India's logistics arm may get an infusion Amazon India’s logistics arm Amazon Transportation Services (ATS) is looking to get another Rs 400 crore infusion from the parent company to expand its logistics footprint in the country, reports ET.  Filings from the registrar of companies showed that it has got board approval to increase its authorized share capital. In June, the logistics arm received Rs 207 crore worth of funding from Singapore-based Amazon Corporate Holdings and Amazon Malaysia. It also received Rs 67 crore from the parent company in September 2016. In addition, the logistics business in India will offer services to its registered sellers even if orders are placed through rival marketplaces like Flipkart and Snapdeal or for their offline distribution. In logistics, it competes with Flipkart’s logistic arm Ekart, which is tapping offline networks for its courier business and…

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