wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon pumps Rs 2,200 Crore in Amazon India

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 Video also announced the launch of 30 more originals in multiple Indian languages. It also added Kannada movies to its library after Hindi, Tamil, Telugu, Marathi, Bengali and Hindi content.
  • In October, Amazon introduced payments via QR codes at retail stores, three years after Paytm offered the same thing.
  • In September, Registrar of Companies filing by Amazon revealed that it might also start offering life, health and general insurance products.
  • In June, Amazon infused Rs 10.5 crore in its Indian retail food arm – Amazon Retail India.
  • In May, Amazon India rebranded Amazon Now to Prime Now, and expanded its product category along with new time slots for the users.
  • In February, Amazon launched Prime Music in India. Prime Music has content deals with music label such as T-Series, Venus MusicSony MusicSaregama, and Zee Music Company and is available on Google Play store and iOs.

Competition from Flipkart

Flipkart invested Rs 3,463 crores into its online marketplace Flipkart Internet, in September this year. In August, Singapore-based Flipkart Payments, which is a subsidiary of the e-commerce giant infused Rs 451.66 crore into PhonePe.

Flipkart is attempting to diversify into refurbished goods with newly-launched marketplace 2GUD, after shutting down operations of eBay.in. The e-commerce giant is also eyeing grocery service market; in August, it launched Supermarket in Bangalore, after a failed bet on Nearby, which it shut down 2 years ago.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ