Amazon E-commerce Seller Services is receiving a new $ 915 fund acceptance

Amazon E-commerce company has invested $ 915 million in one of its Indian units – Amazon Seller Services, according to regulatory documents. The new installation is expected to provide more weapons to Amazon in India to compete more with its competitors such as Walmart-owned Flipkart and Mukesh Ambani’s JioMart.

Amazon Corporate Holdings and have invested Rs 915 in this unit, as documents filed in the Department of Corporate Affairs and received by the intelligence platform at Tofler. The documents show that 91,49,57,723 shares were allotted to Amazon Corporate Holdings, while 42,277 shares were awarded to as part of the transaction.

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Emails sent to Amazon India asking for ideas about wallet insertion did not respond. Amazon has been pumping billions of dollars into various services such as markets, retail and payment as it looks to strengthen its position in the Indian market.

In January last year, Amazon founder Jeff Bezos announced a USD 1 billion (over 7,000 crore) investment in India to help bring small and medium-sized businesses online. Earlier, a large online retail company had donated USD 5.5 billion to India, one of the most important markets in the Amazon outside of the US and a growing driver.
Last month, Amazon also announced a USD 250 million (approximately Rs 1,873 crore) fund that will focus on small and medium-sized digital business computers and innovation in agri-tech and health-tech areas in India.

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