Amazon India (Amazon Seller Services Pvt. Ltd) has received a massive infusion of Rs 2600 crore from its parent Amazon Inc. (US), reports The Economic Times. The publication found out about the development in the documents filed by the company at the Ministry of Corporate Affairs (MCA). In its earnings call last month, CFO Brian Olsavsky had said that the company will continue to invest in India where it is seeing great progress with both sellers and also customers. A week prior to that, In his letter to shareholders, Jeff Bezos highlighted India as a ‘milestone’, stating that Amazon.in is the fastest growing marketplace in India. He also highlighted that Prime added more members in India in its first year than any previous geography in Amazon’s history. Amazon's previous investments Note that, Amazon has a total investment commitment in India of $5 billion (approx Rs 32600 crore). $3 billion the company committed in June last year, plus $2 billion investment announced back in July 2014, which the company has already exceeded. Following are its previous investments: In January, Amazon India received Rs 1950 crore from its parent Amazon Inc. (US) and Amazon Singapore. In November 2017, Amazon infused Rs 2900 crore in Amazon India. It invested Rs 1,350 crore in its India unit, in June 2016. Invested Rs 115 crore in its wholesale business in India called Amazon Wholesale (India), in September 2016, which was set up in 2013 and runs the company’s B2B portal as well as acts as a distributor of exclusive products on Amazon India. Made a fresh investment of Rs 2010…
