Amazon India (Amazon Seller Services Pvt Ltd) has received a massive infusion of Rs 2,200 crore from Amazon Corporate Holdings Pvt Ltd and Amazon.com Inc Ltd, reports The Economic Times. Amazon Inc had pumped Rs 2700 crore in Amazon India in August. The current investment is the fourth tranche of investment in the company, this year, taking the total investment that company received in 2018, to Rs 9,450 crore. With this, the total money pumped into Amazon India goes upto Rs 27,290 crore, inching closer to the mark of $5 billion (Rs 35,255 crore) investment that Jeff Bezos, Amazon CEO, had committed in 2016. The ET report added that Brian T Olsavsky indicated India as the most important market for Amazon outside the US. He also cited a late Diwali, for the company, this year for slower Q3 international growth. Amazon financials Amazon reported a net income of $2.88 billion in the quarter ended September 2018, up 1026% compared to $256 million in the same quarter last year. Its total operating expenses grew from $43.3 billion in Q3 2017 to $52.8 billion in this quarter. The total non-operating income swelled to losses of $334 million, up from losses of $31 million in the same quarter of 2017. Its total income before taxes was $3.39 billion, up 972% from $316 million in the same quarter last year. Diversification of Amazon India's services: In November, Amazon Prime Video launched its Prime Video website and the app in a Hindi interface. In the same month, Amazon Prime…
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